East West Bank Sustainability Profile
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 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.
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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?
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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.
