Colonial American Bank Sustainability Profile
Colonial American Bank, a prominent financial institution headquartered in the United States, has been serving customers since its establishment in the early 2000s. With a strong presence in key operational regions across the East Coast, the bank has carved a niche in the competitive banking industry, focusing on personal and commercial banking services. Offering a diverse range of core products, including savings accounts, loans, and investment services, Colonial American Bank distinguishes itself through its commitment to customer service and innovative financial solutions. The bank has achieved notable milestones, including recognition for its community engagement and sustainable banking practices. As a trusted partner in financial growth, Colonial American Bank continues to solidify its market position, catering to the evolving needs of its clientele.
DitchCarbon Score
How does Colonial American Bank'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
Colonial American Bank's score of 25 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Colonial American Bank's reported carbon emissions
Colonial American Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges available. However, it is important to note that Colonial American Bank's emissions data may be influenced by its corporate family relationship, as it has cascaded data from OceanFirst Financial Corp. at a cascade level of 2. This means that any climate-related initiatives or emissions data may be derived from the parent company's reporting practices. As of now, Colonial American Bank has not established specific science-based targets (SBTi) or other industry-standard climate commitments. The lack of reported emissions and reduction targets highlights an opportunity for the bank to enhance its sustainability efforts and align with broader industry practices in carbon management.
How Carbon Intensive is Colonial American Bank's Industry?
How Carbon Intensive is Colonial American Bank's Location?
Colonial American Bank'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.
Colonial American Bank 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.
