ConnectOne Bancorp, Inc. Sustainability Profile
ConnectOne Bancorp, Inc., commonly known as ConnectOne Bank, is a prominent financial institution headquartered in the United States. Founded in 2005, the bank has established a strong presence in New Jersey and New York, focusing on providing a range of banking services tailored to both personal and commercial clients. Specialising in commercial banking, residential mortgages, and wealth management, ConnectOne Bank distinguishes itself through its commitment to customer service and innovative financial solutions. The bank has achieved significant milestones, including rapid growth in assets and a robust market position, making it a trusted choice for individuals and businesses alike. With a focus on community engagement and financial empowerment, ConnectOne Bancorp continues to enhance its reputation as a leader in the banking industry.
DitchCarbon Score
How does ConnectOne 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.
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
ConnectOne Bancorp, Inc.'s score of 26 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ConnectOne Bancorp, Inc.'s reported carbon emissions
In 2024, ConnectOne Bancorp, Inc. reported total carbon emissions of approximately 32,500 kg CO2e for Scope 1 and 1,800 kg CO2e for Scope 2. Additionally, Scope 3 emissions included about 82,400 kg CO2e from business travel and approximately 12,000 kg CO2e from employee commuting. The combined total for Scope 1 and Scope 2 emissions was about 34,300 kg CO2e. ConnectOne Bancorp has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2020 as the baseline year. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. The emissions data is not cascaded from any parent organisation, indicating that ConnectOne Bancorp is independently reporting its carbon footprint. The company is focused on enhancing its sustainability practices and reducing its environmental impact in the coming years.
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| 2024 | |
|---|---|
| Scope 1 | 32,500 |
| Scope 2 | 1,800 |
| Scope 3 | 94,400 |
How Carbon Intensive is ConnectOne Bancorp, Inc.'s Industry?
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ConnectOne Bancorp, Inc.'s Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 73% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 87% of Scope 3 emissions.
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ConnectOne Bancorp, 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.
ConnectOne Bancorp, 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.
