First Connecticut Bancorp, Inc. Sustainability Profile
First Connecticut Bancorp, Inc., often referred to as First Connecticut, is a prominent financial institution headquartered in the United States. Established in 1851, the company has a rich history of serving communities across Connecticut and Massachusetts, focusing on providing a range of banking services tailored to individual and business needs. Operating primarily in the banking sector, First Connecticut offers core products such as personal and commercial loans, deposit accounts, and wealth management services. What sets them apart is their commitment to personalised customer service and community engagement, fostering strong relationships with clients. With a solid market position, First Connecticut Bancorp has achieved notable milestones, including consistent growth in assets and a reputation for financial stability. Their dedication to innovation and customer satisfaction continues to drive their success in the competitive banking landscape.
DitchCarbon Score
How does First Connecticut Bancorp, 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.
Industry Average
Mean score of companies in the Services Auxiliary to 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
First Connecticut Bancorp, Inc.'s score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Connecticut Bancorp, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the organisation's climate commitments and initiatives are influenced by its relationship with M&T Bank Corporation, from which it inherits emissions data and performance metrics. As a merged entity, First Connecticut Bancorp, Inc. aligns its climate strategies with those of M&T Bank Corporation, which is committed to addressing climate change through various initiatives. While specific reduction targets or achievements for First Connecticut Bancorp, Inc. are not detailed, the cascading data from M&T Bank Corporation suggests a broader commitment to sustainability and carbon reduction within the corporate family. The absence of direct emissions data and specific reduction targets highlights the need for First Connecticut Bancorp, Inc. to establish clear climate commitments and measurable goals in line with industry standards. As the financial sector increasingly prioritises environmental responsibility, First Connecticut Bancorp, Inc. is positioned to enhance its climate strategy and contribute to the reduction of carbon emissions in the banking industry.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 35,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,992,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,345,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is First Connecticut Bancorp, Inc.'s Industry?
How Carbon Intensive is First Connecticut Bancorp, Inc.'s Location?
First Connecticut Bancorp, Inc.'s Scope 3 Categories Breakdown
First Connecticut Bancorp, Inc.'s Scope 3 emissions, which increased by 60% last year and increased by approximately 125% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 12% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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First Connecticut Bancorp, Inc.'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.
First Connecticut Bancorp, Inc. 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.
