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Financial Intermediation
US
updated 6 months ago

Farmers Bankshares, Inc.

Company website

Farmers Bankshares, Inc., a prominent player in the financial services industry, is headquartered in the United States. Established in 1900, the company has a rich history of serving communities across various operational regions, primarily focusing on the Mid-Atlantic and Southeastern United States. Specialising in banking and financial solutions, Farmers Bankshares offers a range of core products, including personal and commercial banking services, loans, and investment options. What sets them apart is their commitment to personalised customer service and community engagement, fostering long-term relationships with clients. With a strong market position, Farmers Bankshares has achieved notable milestones, including consistent growth in assets and a reputation for financial stability. Their dedication to innovation and community support continues to solidify their standing as a trusted financial partner.

DitchCarbon Score

How does Farmers Bankshares, Inc.'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.

28

Industry Benchmark

Farmers Bankshares, Inc.'s score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

43%

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Farmers Bankshares, Inc.'s reported carbon emissions

Farmers Bankshares, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a merged entity and inherits emissions data from its parent organisation, TowneBank, at a cascade level of 1. However, no specific emissions figures or reduction targets have been provided. As part of its climate commitments, Farmers Bankshares, Inc. does not have documented reduction initiatives or Science-Based Targets Initiative (SBTi) targets. The absence of specific climate pledges or reduction targets indicates a potential area for future development in their sustainability strategy. In the context of the banking industry, many institutions are increasingly focusing on carbon neutrality and sustainability, which may influence Farmers Bankshares, Inc. to adopt similar commitments in the future.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Farmers Bankshares, Inc.'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.

Location emissions intensity

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 Farmers Bankshares, Inc. is in US, which has a low grid carbon intensity relative to other regions.

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.

Farmers Bankshares, Inc. 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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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