Berkshire Bank Sustainability Profile
Berkshire Bank, officially known as Berkshire Bank – A Division of Berkshire Hills Bancorp, Inc., is a prominent financial institution headquartered in the United States. Established in 1846, the bank has evolved significantly, expanding its operations across key regions in New England and New York. Operating within the banking and financial services industry, Berkshire Bank offers a diverse range of products, including personal and business banking, wealth management, and mortgage services. What sets Berkshire Bank apart is its commitment to community engagement and customer-centric solutions, fostering strong relationships with clients. With a reputation for innovation and service excellence, Berkshire Bank has achieved notable milestones, positioning itself as a trusted partner in financial growth. Its dedication to sustainability and social responsibility further enhances its standing in the competitive banking landscape.
DitchCarbon Score
How does Berkshire 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
Berkshire Bank's score of 41 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Berkshire Bank's reported carbon emissions
In 2023, Berkshire Bank reported total carbon emissions of approximately 2,142,900 kg CO2e. This figure includes 1,989,800 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, while Scope 2 emissions were reported as zero. Additionally, Scope 3 emissions accounted for about 153,100 kg CO2e, reflecting indirect emissions from the bank's value chain. Comparatively, in 2022, the bank's total emissions were approximately 3,589,100 kg CO2e, with Scope 1 emissions at 2,869,200 kg CO2e, Scope 2 emissions at 225,600 kg CO2e, and Scope 3 emissions at 494,300 kg CO2e. This indicates a significant reduction in total emissions of about 1,446,200 kg CO2e from 2022 to 2023. Berkshire Bank's emissions data is cascaded from its parent company, Brookline Bank, as part of a merged entity relationship. However, there are currently no specific reduction targets or climate pledges disclosed by Berkshire Bank, indicating a potential area for future commitment and improvement in their sustainability strategy. Overall, Berkshire Bank's emissions profile demonstrates a positive trend towards reducing its carbon footprint, particularly in Scope 1 emissions, while the absence of Scope 2 emissions suggests a potential focus on energy efficiency or renewable energy sourcing.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,863,900 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,182,300 | 000,000 | - |
| Scope 3 | 404,400 | 000,000 | 000,000 |
How Carbon Intensive is Berkshire Bank's Industry?
How Carbon Intensive is Berkshire Bank's Location?
Berkshire 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.
Berkshire 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.
