Chemical Financial Corporation Sustainability Profile
Chemical Financial Corporation, commonly known as Chemical Bank, is a prominent financial institution headquartered in the United States. Established in 1917, the company has grown significantly, particularly in the Midwest, where it serves a diverse clientele across various sectors. Operating primarily in the banking industry, Chemical Financial Corporation offers a comprehensive range of services, including commercial banking, personal banking, and wealth management. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. With a strong market position, Chemical Bank has achieved notable milestones, including strategic mergers that have expanded its footprint and enhanced its service offerings. The corporation continues to focus on delivering tailored financial products that meet the evolving needs of its customers, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Chemical Financial Corporation'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
Chemical Financial Corporation's score of 43 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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Chemical Financial Corporation, headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The company is a merged entity, and its climate commitments and performance data are cascaded from Huntington Bancshares Incorporated, its parent organisation. While there are no documented reduction targets or specific climate pledges from Chemical Financial Corporation, it is essential to note that the emissions data and performance metrics are inherited from Huntington Bancshares Incorporated. This relationship suggests that any climate initiatives or commitments may align with those of Huntington, which may include broader industry standards and practices. As of now, Chemical Financial Corporation has not publicly outlined its own specific climate commitments or reduction initiatives. The lack of direct emissions data highlights the need for transparency and accountability in corporate climate strategies, particularly in the financial sector, where sustainability is increasingly becoming a critical focus.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,341,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 77,722,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,349,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Chemical Financial Corporation's Industry?
How Carbon Intensive is Chemical Financial Corporation's Location?
Chemical Financial Corporation's Scope 3 Categories Breakdown
Chemical Financial Corporation's Scope 3 emissions, which decreased by 3% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 80% of Scope 3 emissions.
Top Scope 3 Categories
Chemical Financial Corporation'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.
Chemical Financial Corporation 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.
