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Public Profile
Financial Intermediation
US
updated a month ago

East West Bank Sustainability Profile

Company website

East West Bank, headquartered in the United States, is a prominent financial institution that has been serving diverse communities since its founding in 1973. With a strong presence in major operational regions such as California, New York, and Texas, the bank focuses on bridging the gap between the East and West, catering to both domestic and international clients. As a leader in the banking industry, East West Bank offers a range of core products and services, including personal banking, commercial lending, and wealth management. Its unique approach combines traditional banking with a deep understanding of Asian markets, making it a preferred choice for businesses and individuals seeking cross-border financial solutions. Recognised for its commitment to customer service and innovation, East West Bank continues to solidify its market position as a trusted partner in financial growth.

DitchCarbon Score

How does East West 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.

18

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.

29

Industry Benchmark

East West Bank's score of 18 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

24%

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East West Bank's reported carbon emissions

In 2023, East West Bank reported significant carbon emissions, with Scope 1 emissions amounting to approximately 329,690 kg CO2e, primarily from mobile combustion. Additionally, Scope 2 emissions from purchased electricity reached about 5,794,570 kg CO2e. This data reflects the bank's commitment to transparency in its environmental impact, although no Scope 3 emissions data was disclosed. Comparatively, in 2022, the bank's global emissions included Scope 1 emissions of about 493,000 kg CO2e and Scope 2 emissions of approximately 2,011,000 kg CO2e. This indicates a notable increase in Scope 2 emissions in 2023, suggesting a need for further analysis and potential action to address this rise. Currently, East West Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The emissions data is cascaded from the parent organization, East West Bank, reflecting its current subsidiary status. The bank's commitment to sustainability is evident, but further steps may be necessary to establish concrete reduction goals and enhance its climate strategy.

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2022
Scope 1
493,000
Scope 2
2,011,000
Scope 3
-

How Carbon Intensive is East West Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. East West Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is East West Bank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for East West Bank is in US, which has a low grid carbon intensity relative to other regions.

East West 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.

East West 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare East West Bank's Emissions with Industry Peers

DBS Group Holdings Ltd

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Updated 2 days ago

Globe Life and Accident Insurance Company, City Place Building in Oklahoma

US
Updated about 2 months ago

American Express

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Standard Chartered PLC

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

Wells Fargo

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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