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Public Profile
Financial Intermediation
US
updated a month ago

Eastern Bank Sustainability Profile

Company website

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.

25

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

Eastern Bank's score of 25 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

39%

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Eastern Bank's reported carbon emissions

Eastern Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. Consequently, there are no recorded emissions in terms of Scope 1, 2, or 3 emissions, nor are there any documented reduction targets or achievements. Despite the lack of specific emissions data, Eastern Bank is committed to addressing climate change through various initiatives. However, details regarding specific climate pledges or reduction targets are not provided. The bank's climate commitments may align with broader industry standards, but without concrete data, it is challenging to assess their impact or effectiveness. As of now, Eastern Bank does not inherit emissions data from any parent or related organization, ensuring that their climate strategy is developed independently. Further information on their climate initiatives or future commitments would be beneficial to understand their role in combating climate change.

How Carbon Intensive is Eastern Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Eastern 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 Eastern 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 Eastern Bank is in US, which has a low grid carbon intensity relative to other regions.

Eastern 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.

Eastern 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 Eastern Bank's Emissions with Industry Peers

Brookline Bancorp, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

CVB Financial Corp.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 16 days ago

LegacyTexas Financial Group, Inc.

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

Banc of California, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 14 days ago

First Mid Bancshares, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 15 days ago

OceanFirst Financial Corp.

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