Cathay General Bancorp
Cathay General Bancorp, often referred to as Cathay Bank, is a prominent financial institution headquartered in the United States. Established in 1962, the bank has grown to serve a diverse clientele across major operational regions, including California, New York, and Washington. Specialising in commercial banking, Cathay Bank offers a range of services such as personal and business banking, loans, and wealth management, distinguished by its commitment to customer service and community engagement. With a strong market position, Cathay General Bancorp has achieved notable milestones, including consistent growth in assets and a robust presence in the Asian-American community. The bank's unique approach combines traditional banking values with innovative financial solutions, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Cathay General 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 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
Cathay General Bancorp's score of 26 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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Cathay General Bancorp's reported carbon emissions
Cathay General Bancorp, headquartered in the US, has set ambitious climate commitments aimed at reducing its greenhouse gas (GHG) emissions. Although specific emissions data for the most recent year is not available, the company has established clear reduction targets for its Scope 1 and Scope 2 emissions. Cathay General Bancorp aims to achieve a cumulative reduction of approximately 30% in Scope 1 and Scope 2 GHG emissions by 2025, using 2020 as the baseline year. Furthermore, the company has set a more ambitious target of a 42% reduction by 2030, also relative to the 2020 baseline. These targets reflect the organisation's commitment to addressing climate change and reducing its carbon footprint. The initiatives are focused on direct emissions (Scope 1) and indirect emissions from purchased electricity (Scope 2), excluding subsidiaries. The company is currently on track to meet its five-year target, demonstrating a proactive approach to sustainability and climate responsibility. Overall, while specific emissions data is not provided, Cathay General Bancorp's commitment to significant GHG reductions positions it as a responsible player in the financial sector's response to climate change.
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.
Cathay General Bancorp 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.
