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Financial Intermediation
US
updated 7 months ago

FirstBank Puerto Rico

Company website

FirstBank Puerto Rico, a prominent financial institution headquartered in the United States, has been serving the community since its establishment in 1948. With a strong presence across Puerto Rico and the Virgin Islands, the bank operates within the banking and financial services industry, offering a diverse range of products tailored to meet the needs of individuals and businesses alike. Specialising in personal banking, commercial lending, and wealth management, FirstBank distinguishes itself through its commitment to customer service and innovative financial solutions. Over the years, the bank has achieved significant milestones, including expanding its branch network and enhancing digital banking capabilities. Recognised for its stability and customer-centric approach, FirstBank Puerto Rico continues to solidify its position as a trusted partner in the financial landscape.

DitchCarbon Score

How does FirstBank Puerto Rico'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.

30

Industry Benchmark

FirstBank Puerto Rico'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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FirstBank Puerto Rico's reported carbon emissions

FirstBank Puerto Rico currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The bank is a current subsidiary of FirstBank Puerto Rico, and while it inherits no direct emissions data from a parent company, it is committed to sustainability initiatives. Despite the lack of specific emissions data, FirstBank Puerto Rico has not outlined any formal reduction targets or climate pledges. This suggests that while the bank may be aware of the importance of addressing climate change, it has yet to establish measurable goals or commitments in line with industry standards such as the Science Based Targets initiative (SBTi). As a financial institution, FirstBank Puerto Rico operates within a sector that is increasingly recognising the need for transparency and accountability regarding carbon emissions. The absence of reported emissions data and reduction initiatives highlights an opportunity for the bank to enhance its climate strategy and align with global sustainability efforts.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. FirstBank Puerto Rico'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 FirstBank Puerto Rico 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.

FirstBank Puerto Rico 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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