Bank OZK Sustainability Profile
Bank OZK, officially known as Bank of the Ozarks, is a prominent financial institution headquartered in Little Rock, Arkansas, USA. Established in 1903, the bank has evolved significantly, expanding its operations across major regions in the southern and western United States. Specialising in commercial banking, Bank OZK offers a diverse range of services, including real estate lending, construction financing, and treasury management. Its commitment to personalised service and innovative financial solutions sets it apart in the competitive banking landscape. With a strong market position, Bank OZK has garnered recognition for its robust financial performance and customer-centric approach, making it a trusted choice for both individuals and businesses. The bank continues to build on its legacy, focusing on sustainable growth and community engagement.
DitchCarbon Score
How does Bank OZK's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank OZK's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank OZK's reported carbon emissions
In 2023, Bank OZK reported total carbon emissions of approximately 24,400,000,000 kg CO2e, with emissions primarily from Scope 3 sources. Specifically, Scope 1 emissions were recorded at about 61,400 kg CO2e. The breakdown of Scope 3 emissions includes significant contributions from purchased goods and services (approximately 22,316,742,000 kg CO2e), upstream transportation and distribution (around 1,994,595,000 kg CO2e), and the use of sold products (approximately 61,493,000 kg CO2e). Despite the substantial emissions figures, Bank OZK has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of reduction targets suggests a need for further development in their sustainability strategy. The emissions data is not cascaded from any parent organisation, indicating that it is independently reported by Bank OZK. Overall, while Bank OZK's emissions profile highlights significant areas for improvement, the lack of defined reduction strategies may limit their effectiveness in addressing climate change impacts.
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| 2023 | |
|---|---|
| Scope 1 | 61,400 |
| Scope 2 | - |
| Scope 3 | 24,400,000,000 |
How Carbon Intensive is Bank OZK's Industry?
How Carbon Intensive is Bank OZK's Location?
Bank OZK's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 91% of Scope 3 emissions.
Top Scope 3 Categories
Bank OZK's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank OZK has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
