Bankwell Financial Group, Inc.
Bankwell Financial Group, Inc., headquartered in the United States, is a prominent player in the banking and financial services industry. Founded in 2002, the company has established a strong presence in Connecticut and surrounding regions, focusing on delivering personalised banking solutions to both individuals and businesses. Bankwell offers a diverse range of core products and services, including commercial and residential lending, treasury management, and personal banking solutions. What sets Bankwell apart is its commitment to community engagement and customer-centric service, fostering long-term relationships with clients. With a reputation for reliability and innovation, Bankwell Financial Group has achieved significant milestones, positioning itself as a trusted financial partner in the marketplace. Its dedication to excellence and community involvement continues to drive its growth and success in the competitive financial landscape.
DitchCarbon Score
How does Bankwell Financial Group, Inc.'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
Bankwell Financial Group, Inc.'s score of 28 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bankwell Financial Group, Inc.'s reported carbon emissions
In 2023, Bankwell Financial Group, Inc. reported total carbon emissions of approximately 443,910,250 kg CO2e. This figure includes 826,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 109,092 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 442,784,150 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions in the value chain, including 237,000 kg CO2e from purchased goods and services. Despite the significant emissions reported, Bankwell Financial Group, Inc. has not established specific reduction targets or initiatives as part of their climate commitments. The absence of Science-Based Targets Initiative (SBTi) targets or documented reduction initiatives indicates a need for further development in their sustainability strategy. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Bankwell Financial Group, Inc. As the financial sector increasingly prioritises sustainability, Bankwell's current emissions profile highlights the importance of setting ambitious climate goals to align with industry standards and expectations.
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| 2023 | |
|---|---|
| Scope 1 | 826,000 |
| Scope 2 | 109,092 |
| Scope 3 | 442,784,150 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bankwell Financial Group, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
