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East West Bank
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.
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 Bank's score of 22 is lower than 80% 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 Bank's reported carbon emissions
In 2023, East West Bank reported significant carbon emissions, with Scope 1 emissions totalling approximately 329,690 kg CO2e and Scope 2 emissions from purchased electricity reaching about 5,794,570 kg CO2e. This data reflects the bank's operations in the Philippines. The total emissions for the bank's global operations in 2022 included Scope 2 emissions of approximately 2,011,000 kg CO2e, indicating a focus on electricity consumption as a primary source of emissions. Despite these figures, East West Bank has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The bank's emissions data is cascaded from its parent organisation, East West Bank, and does not include Scope 3 emissions, which are often significant in the financial sector. Overall, while East West Bank has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies, positioning it within an industry context that increasingly prioritises sustainability and carbon neutrality.
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| 2022 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 2,011,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
East West Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
