ConnectOne Bank Sustainability Profile
ConnectOne Bank, officially known as ConnectOne Bancorp, Inc., is a prominent financial institution headquartered in the United States. Established in 2005, the bank has rapidly expanded its footprint, primarily serving the New Jersey and New York metropolitan areas. As a member of the banking industry, ConnectOne Bank focuses on providing a diverse range of services, including commercial and residential lending, treasury management, and personal banking solutions. What sets ConnectOne Bank apart is its commitment to personalised customer service and innovative banking technology, ensuring clients receive tailored financial solutions. The bank has achieved significant milestones, including consistent growth in assets and a strong market position, recognised for its dedication to community engagement and customer satisfaction. With a robust portfolio of core products, ConnectOne Bank continues to be a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does ConnectOne 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
ConnectOne Bank's score of 25 is lower than 57% 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 Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of a larger corporate family, and while it inherits data from its parent organisation, no specific emissions data has been cascaded from that relationship. In terms of climate commitments, ConnectOne Bank has not outlined any specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The bank's climate strategy appears to be in the early stages, with no documented pledges or commitments to reduce emissions at this time. As the financial sector increasingly prioritises sustainability, ConnectOne Bank's future climate initiatives will be crucial in aligning with industry standards and expectations. The absence of current emissions data and reduction targets highlights an opportunity for the bank to enhance its environmental strategy and contribute to broader climate goals.
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| 2024 | |
|---|---|
| Scope 1 | 32,500 |
| Scope 2 | 1,800 |
| Scope 3 | 94,400 |
How Carbon Intensive is ConnectOne Bank's Industry?
How Carbon Intensive is ConnectOne Bank's Location?
ConnectOne Bank'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.
Top Scope 3 Categories
ConnectOne 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.
ConnectOne 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.
