Forbright Bank
Forbright Bank, headquartered in the United States, is a prominent player in the financial services industry, specialising in sustainable financing solutions. Founded in recent years, the bank has quickly established itself as a leader in providing innovative financial products tailored to support clean energy and environmentally responsible projects. With a focus on commercial lending and investment, Forbright Bank offers unique services that cater to businesses seeking to enhance their sustainability efforts. The bank's commitment to environmental stewardship sets it apart in a competitive market, positioning it as a trusted partner for organisations aiming to make a positive impact. Notable achievements include a growing portfolio of green financing initiatives, reflecting Forbright Bank's dedication to fostering a sustainable future. As it continues to expand its operational reach across major regions in the US, Forbright Bank remains at the forefront of the green banking movement.
DitchCarbon Score
How does Forbright 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
Forbright Bank's score of 33 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Forbright Bank's reported carbon emissions
Forbright Bank's carbon emissions data reveals a significant increase in total emissions over the past three years. In 2023, the bank reported total emissions of approximately 6,168,000 kg CO2e, with Scope 2 emissions from purchased electricity accounting for about 87,000 kg CO2e. The majority of emissions stemmed from Scope 3, totalling approximately 6,051,000 kg CO2e, which includes substantial contributions from purchased goods and services (about 4,818,000 kg CO2e) and business travel (approximately 840,000 kg CO2e). In 2022, total emissions were about 4,756,000 kg CO2e, with Scope 1 emissions at approximately 13,000 kg CO2e and Scope 2 emissions from purchased electricity at around 117,000 kg CO2e. The Scope 3 emissions for that year were significant, reaching about 4,626,000 kg CO2e, driven largely by purchased goods and services (approximately 3,033,000 kg CO2e) and business travel (around 1,167,000 kg CO2e). In 2021, Forbright Bank's total emissions were reported at about 365,000 kg CO2e, with Scope 1 emissions of approximately 18,000 kg CO2e and Scope 2 emissions of about 79,100 kg CO2e. Scope 3 emissions were notably high at around 268,000 kg CO2e, primarily due to business travel (approximately 114,000 kg CO2e) and employee commuting (about 148,000 kg CO2e). Despite the increasing trend in emissions, Forbright Bank has not disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 18,000 | 00,000 | - |
| Scope 2 | 79,100 | 000,000 | 00,000 |
| Scope 3 | 268,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Forbright Bank is not committed to any reduction initiatives 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.
