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Public Profile
Financial Intermediation
US
updated 2 months ago

First Niagara Financial Group, Inc. Sustainability Profile

Company website

First Niagara Financial Group, Inc., commonly referred to as First Niagara, is a prominent financial services provider headquartered in the United States. Established in 2000, the company has made significant strides in the banking sector, particularly in the Northeastern region, where it operates a robust network of branches and ATMs. Specialising in commercial and retail banking, First Niagara offers a diverse range of products and services, including personal banking, business loans, and wealth management solutions. What sets First Niagara apart is its commitment to customer service and community engagement, fostering strong relationships with clients. With a solid market position, First Niagara has achieved notable milestones, including strategic acquisitions that have expanded its footprint and enhanced its service offerings. The company continues to be a trusted partner for individuals and businesses seeking reliable financial solutions.

DitchCarbon Score

How does First Niagara Financial Group, 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.

46

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.

32

Industry Benchmark

First Niagara Financial Group, Inc.'s score of 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.

67%

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First Niagara Financial Group, Inc.'s reported carbon emissions

Inherited from KeyCorp

First Niagara Financial Group, Inc., headquartered in the US, currently does not have specific carbon emissions data available for recent years. The organisation's climate commitments and reduction initiatives are not explicitly outlined, indicating a potential area for development in their sustainability strategy. However, it is important to note that emissions data and performance metrics may be cascaded from their parent company, KeyCorp. This relationship suggests that First Niagara may align its climate strategies with those of KeyCorp, which has established initiatives to address carbon emissions and sustainability. As of now, First Niagara Financial Group, Inc. has not set specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of documented reduction targets highlights an opportunity for the organisation to enhance its climate action efforts and transparency in emissions reporting. In summary, while First Niagara Financial Group, Inc. does not currently report specific emissions data or reduction targets, its affiliation with KeyCorp may influence its future climate commitments and strategies.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20112012201320142015201620172018201920202021202220232024
Scope 1
77,029,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
00,000,000
-
-
-
Scope 2
48,239,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
14,027,000
00,000,000
0,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
00,000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is First Niagara Financial Group, Inc.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. First Niagara Financial Group, Inc.'s primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is First Niagara Financial Group, Inc.'s Location?

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 First Niagara Financial Group, Inc. is in US, which has a low grid carbon intensity relative to other regions.

First Niagara Financial Group, Inc.'s Scope 3 Categories Breakdown

First Niagara Financial Group, Inc.'s Scope 3 emissions, which decreased by 5% last year and increased by approximately 311% since 2011, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 60% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 36% of Scope 3 emissions.

Top Scope 3 Categories

2024
Employee Commuting
36%
Business Travel
22%
Upstream Transportation & Distribution
15%
Upstream Leased Assets
8%
Capital Goods
7%
Fuel and Energy Related Activities
5%
Purchased Goods and Services
4%
Waste Generated in Operations
2%

First Niagara Financial Group, 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 Niagara Financial Group, 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.

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

Compare First Niagara Financial Group, Inc.'s Emissions with Industry Peers

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Financial intermediation services, except insurance and pension funding services (65)
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Comerica

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Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Regions Financial

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

ConnectOne Bancorp, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

OceanFirst Financial Corp.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 11 days ago

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Where does DitchCarbon data come from?

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