Columbia Banking System, Inc. Sustainability Profile
Columbia Banking System, Inc., commonly referred to as Columbia Bank, is a prominent financial institution headquartered in the United States. Established in 1993, the bank has grown significantly, primarily serving the Pacific Northwest region, including Washington, Oregon, and Idaho. As a key player in the banking industry, Columbia Bank offers a diverse range of services, including commercial and retail banking, wealth management, and mortgage solutions. What sets Columbia Bank apart is its commitment to community engagement and personalised customer service, fostering strong relationships with clients. The bank has achieved notable milestones, including consistent recognition for its financial stability and customer satisfaction. With a robust market position, Columbia Banking System continues to innovate and adapt, ensuring it meets the evolving needs of its customers while maintaining a strong presence in the competitive banking landscape.
DitchCarbon Score
How does Columbia Banking System, 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.
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
Columbia Banking System, Inc.'s score of 38 is higher 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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Columbia Banking System, Inc., headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The company is identified as a merged entity, inheriting its climate commitments and performance metrics from its corporate family. Despite the lack of detailed emissions data, Columbia Banking System, Inc. is engaged in various climate initiatives, although no specific reduction targets or commitments have been documented. The company’s climate strategy may be influenced by broader industry standards and practices, but specific initiatives or targets from the Science Based Targets initiative (SBTi) or other frameworks have not been disclosed. As a merged entity, any relevant emissions data or climate commitments may be cascaded from its parent organisation, but specific details regarding these relationships or inherited data are not provided. Overall, Columbia Banking System, Inc. appears to be in the early stages of formalising its climate commitments and emissions reporting.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 5,006,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,416,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,516,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Columbia Banking System, Inc.'s Industry?
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Columbia Banking System, Inc.'s Scope 3 Categories Breakdown
Columbia Banking System, Inc.'s Scope 3 emissions, which increased by 100% last year and decreased by approximately 44% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Columbia Banking System, Inc.'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.
Columbia Banking System, Inc. 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.
