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Financial Intermediation
US
updated 6 days ago

Coastway Bancorp, Inc.

Company website

Coastway Bancorp, Inc., a prominent financial institution headquartered in the United States, has been serving communities since its founding in 1920. With a strong presence in Rhode Island and surrounding regions, Coastway Bancorp operates primarily in the banking industry, offering a range of financial services tailored to meet the needs of individuals and businesses alike. The bank is renowned for its core products, including personal and commercial banking, mortgage lending, and investment services, all designed to provide exceptional customer experiences. Coastway Bancorp distinguishes itself through its commitment to community engagement and personalised service, fostering long-term relationships with clients. Over the years, the institution has achieved significant milestones, solidifying its market position as a trusted financial partner in the region.

DitchCarbon Score

How does Coastway Bancorp, Inc.'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.

23

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.

30

Industry Benchmark

Coastway Bancorp, Inc.'s score of 23 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

29%

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Coastway Bancorp, Inc.'s reported carbon emissions

Coastway Bancorp, Inc., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges associated with the company. As a merged entity, Coastway Bancorp, Inc. may inherit climate-related data and commitments from its corporate family, but specific details regarding these cascaded emissions or initiatives are not available. The lack of reported emissions and reduction strategies suggests that the company may still be in the early stages of developing its climate commitments or may rely on broader industry standards for guidance. In the context of the banking sector, many institutions are increasingly focusing on sustainability and carbon reduction initiatives. However, without specific data or commitments from Coastway Bancorp, Inc., it remains unclear how the company aligns with these industry trends.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Coastway Bancorp, Inc.'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 Coastway Bancorp, Inc. 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.

Coastway Bancorp, Inc. 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

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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