CNB Financial Corporation Sustainability Profile
CNB Financial Corporation, headquartered in the United States, is a prominent player in the financial services industry, primarily operating in Pennsylvania and surrounding regions. Founded in 1865, the company has a rich history marked by significant milestones, including its expansion into various banking and financial services. As a diversified financial institution, CNB Financial Corporation offers a range of core products and services, including commercial and retail banking, wealth management, and insurance solutions. What sets CNB apart is its commitment to personalised service and community engagement, fostering strong relationships with clients. With a solid market position, CNB Financial Corporation has earned recognition for its stability and customer-centric approach, making it a trusted choice for individuals and businesses alike. The company continues to adapt and innovate, ensuring it meets the evolving needs of its clientele in a competitive landscape.
DitchCarbon Score
How does CNB 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
CNB Financial Corporation's score of 28 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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CNB Financial Corporation's reported carbon emissions
In 2017, CNB Financial Corporation reported total carbon emissions of approximately 147.6 million kg CO2e. This figure includes Scope 1 emissions of about 24.7 million kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 96.9 million kg CO2e, which encompasses purchased electricity. Additionally, the company recorded Scope 3 emissions of around 28.6 million kg CO2e, mainly attributed to business travel. The emissions data for previous years shows a slight fluctuation, with total emissions of approximately 132.7 million kg CO2e in 2016 and about 136.4 million kg CO2e in 2015. The breakdown for 2016 includes Scope 1 emissions of about 23.2 million kg CO2e, Scope 2 emissions of approximately 85.0 million kg CO2e, and Scope 3 emissions of around 27.2 million kg CO2e. For 2015, the figures were approximately 25.6 million kg CO2e for Scope 1, 84.3 million kg CO2e for Scope 2, and 29.3 million kg CO2e for Scope 3. Currently, CNB Financial Corporation has not established any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company does not appear to have cascaded emissions data from a parent organization, indicating that all reported figures are directly attributed to CNB Financial Corporation. Overall, while CNB Financial Corporation has made strides in tracking its emissions, there is an opportunity for the organisation to set ambitious climate commitments to enhance its sustainability profile.
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| 2015 | 2016 | 2017 | |
|---|---|---|---|
| Scope 1 | 25,640,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 84,285,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 29,336,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is CNB Financial Corporation's Industry?
How Carbon Intensive is CNB Financial Corporation's Location?
CNB Financial Corporation's Scope 3 Categories Breakdown
CNB Financial Corporation's Scope 3 emissions, which increased by 5% last year and decreased by approximately 2% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 19% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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CNB 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.
CNB 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.
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