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Eastern Bank Corporation
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 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.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 Corporation 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.
