Blue Foundry Bancorp Sustainability Profile
Blue Foundry Bancorp, headquartered in the United States, is a prominent player in the banking industry, specialising in innovative financial solutions. Founded in 2020, the company has quickly established itself as a leader in digital banking, focusing on serving small to medium-sized enterprises and individual customers across major operational regions in the US. Offering a range of core products and services, including personal and business banking, loans, and digital banking solutions, Blue Foundry Bancorp distinguishes itself through its commitment to technology-driven customer experiences. The bank's unique approach combines traditional banking values with modern digital capabilities, ensuring clients receive tailored financial services. With a strong market position, Blue Foundry Bancorp continues to achieve notable milestones, reinforcing its reputation as a forward-thinking institution in the evolving financial landscape.
DitchCarbon Score
How does Blue Foundry Bancorp'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 Services Auxiliary to 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
Blue Foundry Bancorp's score of 29 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Blue Foundry Bancorp's reported carbon emissions
Blue Foundry Bancorp currently does not have available carbon emissions data for the most recent year. However, the organisation has made significant climate commitments aimed at achieving net zero emissions by 2050. This ambition encompasses both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to reducing its carbon footprint. In terms of past achievements, Blue Foundry Bancorp has reported a substantial reduction of approximately 71% in Scope 1 and Scope 2 emissions from its 2018 baseline by the year 2020. This achievement underscores the bank's commitment to sustainability and its proactive measures in addressing climate change. As part of its long-term strategy, Blue Foundry Bancorp is on track to meet its net zero target, demonstrating a commitment to environmental responsibility and aligning with industry standards for climate action.
How Carbon Intensive is Blue Foundry Bancorp's Industry?
How Carbon Intensive is Blue Foundry Bancorp's Location?
Blue Foundry Bancorp'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.
Blue Foundry Bancorp 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.
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