Eastern Bank Corporation Sustainability Profile
Eastern Bank Corporation, headquartered in the United States, is a prominent player in the banking and financial services industry. Founded in 1818, it has established a strong presence in New England, particularly in Massachusetts, where it serves a diverse clientele. The bank offers a comprehensive range of services, including personal and business banking, wealth management, and mortgage solutions, distinguished by its commitment to customer service and community engagement. Eastern Bank is recognised for its innovative approach to banking, consistently adapting to meet the evolving needs of its customers. With a rich history spanning over two centuries, Eastern Bank Corporation has achieved notable milestones, including being one of the largest and oldest mutual banks in the region. Its dedication to social responsibility and sustainable practices further solidifies its market position as a trusted financial partner.
DitchCarbon Score
How does Eastern Bank Corporation'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 Corporation's score of 37 is higher than 61% 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 Corporation's reported carbon emissions
Eastern Bank Corporation currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The organisation is a current subsidiary of Eastern Bankshares, Inc., which may influence its climate-related initiatives and commitments. Despite the lack of direct emissions data, Eastern Bank Corporation is part of a broader corporate family that may have established climate commitments. However, no specific reduction targets or initiatives have been documented for Eastern Bank Corporation itself. The absence of data suggests that the bank may still be in the process of developing or implementing its climate strategy. As a current subsidiary, Eastern Bank Corporation's climate commitments may be aligned with those of its parent company, Eastern Bankshares, Inc. However, without explicit targets or emissions data, it is challenging to assess the bank's specific contributions to carbon reduction or its overall climate impact. In summary, while Eastern Bank Corporation is positioned within a corporate structure that may prioritise sustainability, it currently lacks detailed emissions data and defined reduction targets. This highlights an opportunity for the bank to enhance its climate commitments and transparency in future reporting.
How Carbon Intensive is Eastern Bank Corporation's Industry?
How Carbon Intensive is Eastern Bank Corporation's Location?
Eastern Bank Corporation'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 Corporation 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.
