Generations Bancorp NY, Inc. Sustainability Profile
Generations Bancorp NY, Inc., commonly referred to as Generations Bank, is a prominent financial institution headquartered in the United States. Established in 1893, the bank has a rich history of serving communities across New York, particularly in the Finger Lakes region. Specialising in retail banking, commercial lending, and wealth management, Generations Bank distinguishes itself through personalised customer service and a commitment to community development. With a focus on core products such as savings accounts, mortgages, and business loans, Generations Bank has built a strong market position, recognised for its innovative financial solutions tailored to meet the diverse needs of its clients. The bank's dedication to fostering local growth and its strategic initiatives have solidified its reputation as a trusted partner in the financial landscape.
DitchCarbon Score
How does Generations Bancorp NY, 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 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
Generations Bancorp NY, Inc.'s score of 23 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Generations Bancorp NY, Inc.'s reported carbon emissions
In 2023, Generations Bancorp NY, Inc. reported total carbon emissions of approximately 1,508,000 kg CO2e, comprising 304,000 kg CO2e from Scope 1 emissions and 1,208,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Currently, Generations Bancorp does not have specific reduction targets or initiatives outlined in their climate commitments. There are no emissions reduction targets set through the Science Based Targets initiative (SBTi) or other climate pledges. As a financial institution headquartered in the US, Generations Bancorp is part of a growing trend among companies to monitor and report on their carbon footprint, although they have yet to establish formal commitments to reduce emissions.
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| 2023 | |
|---|---|
| Scope 1 | 304,000 |
| Scope 2 | 1,208,000 |
| Scope 3 | - |
How Carbon Intensive is Generations Bancorp NY, Inc.'s Industry?
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Generations Bancorp NY, 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.
Generations Bancorp NY, 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.
