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Public Profile
Financial Intermediation
US
updated 6 months ago

Coastal Financial Corporation

Company website

Coastal Financial Corporation, commonly referred to as Coastal Bank, is a prominent financial institution headquartered in the United States. Established in 1997, the bank has made significant strides in the financial services industry, primarily serving the coastal regions of the US. Specialising in personal and commercial banking, Coastal Bank offers a range of core products, including savings accounts, loans, and investment services, distinguished by their customer-centric approach and innovative digital solutions. With a commitment to community engagement and financial education, Coastal Bank has positioned itself as a trusted partner for individuals and businesses alike. Recognised for its strong market presence, Coastal Financial Corporation continues to achieve notable milestones, reinforcing its reputation as a leader in the banking sector.

DitchCarbon Score

How does Coastal 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.

25

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.

27

Industry Benchmark

Coastal Financial Corporation's score of 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.

45%

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Coastal Financial Corporation's reported carbon emissions

Coastal Financial Corporation, headquartered in the US, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. As a result, Coastal Financial Corporation's climate commitments remain unclear, and there is no inherited emissions data from a parent or related organization. The company has not established any significant initiatives or targets to reduce its carbon footprint, which places it in a context where many organisations are increasingly focusing on sustainability and emissions reduction. In the absence of specific emissions data or commitments, Coastal Financial Corporation may need to consider developing a comprehensive climate strategy to align with industry standards and expectations for corporate responsibility in addressing climate change.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Coastal Financial Corporation's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Coastal Financial Corporation is in US, which has a low grid carbon intensity relative to other regions.

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.

Coastal Financial Corporation 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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