Berkshire Bank
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 66% 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 about 1,989,800 kg CO2e from Scope 1 emissions, with no reported Scope 2 emissions, and approximately 153,100 kg CO2e from Scope 3 emissions. This represents a significant reduction from 2022, where total emissions were about 3,589,100 kg CO2e, comprising approximately 2,869,200 kg CO2e in Scope 1, 225,600 kg CO2e in Scope 2, and 494,300 kg CO2e in Scope 3. In 2021, the bank's emissions were approximately 3,450,600 kg CO2e, with Scope 1 emissions at about 1,863,900 kg CO2e, Scope 2 at approximately 1,182,300 kg CO2e, and Scope 3 at around 404,400 kg CO2e. The data indicates a positive trend in emissions reduction over the years. Berkshire Bank's emissions data is cascaded from its parent company, Berkshire Hills Bancorp, Inc., which is classified as a current subsidiary. However, there are currently no specific reduction targets or climate pledges disclosed by the bank. The absence of formal targets suggests that while emissions have decreased, there may be opportunities for further commitment to sustainability initiatives.
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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 |
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.
Berkshire Bank 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.
