Farmers & Mechanics Bank Sustainability Profile
Farmers & Mechanics Bank, a prominent financial institution headquartered in the United States, has been serving communities since its founding in 1900. With a strong presence in key operational regions, the bank focuses on providing personalised banking solutions tailored to the needs of individuals and businesses alike. Specialising in a range of services, including personal and commercial banking, loans, and investment options, Farmers & Mechanics Bank distinguishes itself through its commitment to customer service and community engagement. Over the years, the bank has achieved significant milestones, solidifying its reputation as a trusted partner in financial growth. Recognised for its stability and customer-centric approach, Farmers & Mechanics Bank continues to thrive in the competitive banking landscape, making it a preferred choice for those seeking reliable financial services.
DitchCarbon Score
How does Farmers & Mechanics 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
Farmers & Mechanics Bank's score of 66 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farmers & Mechanics Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are influenced by its relationship with The PNC Financial Services Group, Inc., from which it inherits emissions data and sustainability initiatives at a cascade level of three. As part of its corporate family, Farmers & Mechanics Bank aligns with PNC's climate strategies, which include participation in the Carbon Disclosure Project (CDP) and commitments to renewable energy through the RE100 initiative. However, specific reduction targets or achievements have not been disclosed for Farmers & Mechanics Bank itself. In summary, while direct emissions data is not available, the bank is positioned within a framework of climate commitments inherited from its parent company, PNC, which actively engages in sustainability efforts and reporting.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 23,767,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 112,544,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 16,467,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Farmers & Mechanics Bank's Industry?
How Carbon Intensive is Farmers & Mechanics Bank's Location?
Farmers & Mechanics Bank's Scope 3 Categories Breakdown
Farmers & Mechanics Bank's Scope 3 emissions, which increased by 35% last year and increased by approximately 380% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 69% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Farmers & Mechanics 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.
Farmers & Mechanics 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.
