Berkshire Hills Bancorp, Inc. Sustainability Profile
Berkshire Hills Bancorp, Inc., commonly known as Berkshire Bank, is a prominent financial institution headquartered in the United States. Founded in 1846, the bank has established a strong presence in the New England and New York regions, offering a diverse range of banking and financial services. Specialising in retail and commercial banking, wealth management, and insurance, Berkshire Bank distinguishes itself through its commitment to community engagement and customer-centric solutions. The bank has achieved significant milestones, including its expansion into new markets and the introduction of innovative digital banking services. With a reputation for reliability and a focus on sustainable growth, Berkshire Hills Bancorp continues to solidify its position as a trusted partner for individuals and businesses alike, making it a key player in the regional banking landscape.
DitchCarbon Score
How does Berkshire Hills Bancorp, 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
Berkshire Hills Bancorp, Inc.'s score of 29 is lower than 52% 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 Hills Bancorp, Inc.'s reported carbon emissions
In 2022, Berkshire Hills Bancorp, Inc. reported total carbon emissions of approximately 3,589,100 kg CO2e. This figure includes Scope 1 emissions of about 2,869,200 kg CO2e, Scope 2 emissions of approximately 225,600 kg CO2e, and Scope 3 emissions totalling around 494,300 kg CO2e. The previous year, 2021, the company recorded total emissions of about 3,450,600 kg CO2e, with Scope 1 emissions at approximately 1,863,900 kg CO2e, Scope 2 emissions of around 1,182,300 kg CO2e, and Scope 3 emissions of about 404,400 kg CO2e. Despite these emissions figures, Berkshire Hills Bancorp, Inc. has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from the parent company, reflecting the corporate family relationship, but no specific climate pledges or initiatives have been reported. Overall, while Berkshire Hills Bancorp, Inc. has made strides in transparency regarding its carbon footprint, further commitments to emissions reduction and climate action would enhance its sustainability profile.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,863,900 | 0,000,000 |
| Scope 2 | 1,182,300 | 000,000 |
| Scope 3 | 404,400 | 000,000 |
How Carbon Intensive is Berkshire Hills Bancorp, Inc.'s Industry?
How Carbon Intensive is Berkshire Hills Bancorp, Inc.'s Location?
Berkshire Hills Bancorp, Inc.'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 Hills Bancorp, Inc. 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.
