Berkshire Hills Bancorp, Inc.
Berkshire Hills Bancorp, Inc., commonly known as Berkshire Bank, is a prominent player in the financial intermediation services sector, headquartered in the United States. Founded in 1846, the bank has established a strong presence in the New England region, particularly in Massachusetts and New York, offering a diverse range of financial products and services.
Specialising in retail and commercial banking, Berkshire Bank provides unique offerings such as personalised banking solutions, wealth management, and mortgage services. The bank is recognised for its commitment to community engagement and sustainable practices, setting it apart in a competitive market. With a focus on customer-centric service and innovative financial solutions, Berkshire Hills Bancorp has achieved notable milestones, solidifying its position as a trusted financial partner in the region.
-12 vs industry average
Berkshire Hills Bancorp, Inc.’s score of 25 is lower than 30% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Berkshire Hills Bancorp, Inc.'s reported carbon emissions
Berkshire Hills Bancorp, Inc., headquartered in the US and operating in financial intermediation services, reported approximately 3.59 million kg CO2e in 2022. This total encompasses Scope 1 emissions of about 2.87 million kg CO2e, Scope 2 emissions of approximately 225,600 kg CO2e, and Scope 3 emissions of around 494,300 kg CO2e. For 2021, the company's total emissions were approximately 3.45 million kg CO2e, with Scope 1 at roughly 1.86 million kg CO2e, Scope 2 at about 1.18 million kg CO2e, and Scope 3 at approximately 404,400 kg CO2e. In 2023, while no absolute emissions data was disclosed, Berkshire Hills Bancorp, Inc. reported a GHG intensity of 0.0052 tonnes CO2e per USD revenue.
The company's emissions data is cascaded from Berkshire Hills Bancorp, Inc. itself, at cascade level 2, under a merged entity relationship. No specific reduction targets or climate commitments, such as those from the Science Based Targets initiative (SBTi), were detailed in the provided information.
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Berkshire Hills Bancorp, Inc.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Berkshire Hills Bancorp, Inc. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Berkshire Hills Bancorp, Inc.
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