East West Bancorp, Inc. Sustainability Profile
East West Bancorp, Inc., commonly known as East West Bank, is a prominent financial institution headquartered in the United States. Established in 1973, the bank has grown to become a leader in the banking sector, particularly in the Asian-American community, with a strong presence in major operational regions such as California, New York, and Texas. Specialising in commercial banking, East West Bank offers a range of core products and services, including personal and business loans, treasury management, and international banking solutions. What sets East West Bank apart is its commitment to bridging the gap between the East and West, providing tailored financial services that cater to diverse cultural and business needs. With a solid market position, the bank has received numerous accolades for its exceptional customer service and innovative financial solutions, solidifying its reputation as a trusted partner in the banking industry.
DitchCarbon Score
How does East West 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
East West Bancorp, Inc.'s score of 28 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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East West Bancorp, Inc.'s reported carbon emissions
In 2024, East West Bancorp, Inc. reported total carbon emissions of approximately 10,000,430 kg CO2e, comprising 1,136,400 kg CO2e from Scope 1 emissions and 9,323,030 kg CO2e from Scope 2 emissions. The Scope 1 emissions primarily stem from mobile combustion, accounting for about 233,510 kg CO2e. In 2023, the bank's emissions were slightly lower, with total emissions of approximately 4,474,500 kg CO2e, including 113,400 kg CO2e from Scope 1 and 4,344,100 kg CO2e from Scope 2. The 2022 figures show a total of about 2,510,000 kg CO2e, with Scope 1 emissions at 493,000 kg CO2e and Scope 2 emissions at 2,011,000 kg CO2e. Despite these emissions, East West Bancorp has not set specific reduction targets or initiatives, nor do they participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. Overall, while the bank has made strides in transparency regarding its emissions, further commitments and reduction strategies would enhance its climate action profile.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 493,000 | 000,000 | 0,000,000 |
| Scope 2 | 2,011,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is East West Bancorp, Inc.'s Industry?
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East West 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.
East West 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.
