Beneficial State Bank Sustainability Profile
Beneficial State Bank, headquartered in the United States, is a pioneering financial institution dedicated to social and environmental impact. Founded in 2007, the bank operates primarily in California, Oregon, and Washington, focusing on community development and sustainable banking practices. As a certified B Corporation, Beneficial State Bank offers a range of core products and services, including personal and business banking, loans, and investment options, all designed to promote positive change. Its unique approach prioritises transparency and accountability, setting it apart in the banking industry. With a commitment to serving underserved communities, Beneficial State Bank has achieved notable milestones, including significant growth in its customer base and a strong reputation for ethical banking. This positions the bank as a leader in the socially responsible finance sector, making a meaningful difference in the lives of its clients and the environment.
DitchCarbon Score
How does Beneficial State Bank'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
Beneficial State Bank's score of 33 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Beneficial State Bank's reported carbon emissions
In 2022, Beneficial State Bank reported total carbon emissions of approximately 1,283,216,000 kg CO2e. This figure includes Scope 1 emissions of about 547,000 kg CO2e, Scope 2 emissions of approximately 1,144,641,000 kg CO2e, and Scope 3 emissions of around 140,044,000 kg CO2e. The previous year, 2021, saw total emissions of about 1,305,510,000 kg CO2e, with Scope 1 at 553,000 kg CO2e, Scope 2 at 1,169,146,000 kg CO2e, and Scope 3 at 135,811,000 kg CO2e. In 2020, the bank's total emissions were approximately 1,259,236,000 kg CO2e, comprising Scope 1 emissions of 390,000 kg CO2e, Scope 2 emissions of about 1,066,386,000 kg CO2e, and Scope 3 emissions of 192,459,000 kg CO2e. Beneficial State Bank has made significant strides in reducing its carbon footprint, achieving a 33.6% reduction in total greenhouse gas emissions in 2020 compared to 2019 levels. This reduction was reported for both Scope 1 and Scope 2 emissions, with total GHG emissions in 2020 recorded at 429.5 metric tons of CO2e. The bank's emissions data is cascaded from its corporate family, specifically from Beneficial State Bank itself, indicating a commitment to transparency and accountability in its climate initiatives. While there are currently no Science-Based Targets Initiative (SBTi) targets reported, the bank's ongoing efforts reflect a proactive approach to addressing climate change and reducing its environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 390,000 | 000,000 | 000,000 |
| Scope 2 | 1,066,386,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 192,459,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Beneficial State Bank's Industry?
How Carbon Intensive is Beneficial State Bank's Location?
Beneficial State Bank'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.
Beneficial State Bank 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.
