Eastern Bank
Eastern Bank, officially known as Eastern Bank Corporation, is a prominent financial institution headquartered in the United States, specifically in Boston, Massachusetts. Established in 1818, it has a rich history of serving the New England region, particularly Massachusetts and New Hampshire. As a leading player in the banking industry, Eastern Bank offers a comprehensive range of services, including personal banking, commercial banking, and wealth management. What sets Eastern Bank apart is its commitment to community engagement and customer-centric solutions, making it a trusted choice for individuals and businesses alike. With a strong market position, Eastern Bank has consistently been recognised for its financial stability and innovative products, earning accolades for its customer service and community involvement. As it continues to grow, Eastern Bank remains dedicated to fostering financial well-being in the communities it serves.
DitchCarbon Score
How does Eastern 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
Eastern Bank's score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eastern Bank's reported carbon emissions
In 2024, Eastern Bank reported total carbon emissions of approximately 1,391,000,000 kg CO2e. This figure includes 762,324,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 17,200,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Notably, the bank's Scope 3 emissions, which encompass all other indirect emissions, also totalled approximately 1,391,000,000 kg CO2e. Comparatively, in 2023, Eastern Bank's total emissions were about 1,346,000,000 kg CO2e, with Scope 1 emissions at 632,804,000 kg CO2e and Scope 2 emissions remaining consistent at 17,200,000 kg CO2e. The significant increase in total emissions from 2023 to 2024 indicates a rise in operational activities or changes in business practices. Despite these figures, Eastern Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of Eastern Bank's own operations. As the bank continues to navigate its environmental impact, it remains crucial for Eastern Bank to establish clear climate commitments and reduction strategies to align with industry standards and expectations.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 632,804,000 | 000,000,000 |
| Scope 2 | 17,200,000 | 00,000,000 |
| Scope 3 | 1,346,000,000 | 0,000,000,000 |
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.
Eastern 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.
