Harmony Bank Sustainability Profile
Harmony Bank, headquartered in the United States, is a prominent player in the financial services industry, specialising in personal and commercial banking solutions. Founded in 2005, the bank has established a strong presence across major operational regions, including the Northeast and Midwest, and has achieved significant milestones in customer service and technological innovation. Offering a diverse range of core products such as savings accounts, loans, and investment services, Harmony Bank distinguishes itself through its commitment to personalised customer experiences and community engagement. With a focus on sustainable banking practices, the institution has garnered recognition for its efforts in promoting financial literacy and supporting local businesses. As a trusted name in the banking sector, Harmony Bank continues to enhance its market position through innovative solutions and a customer-centric approach.
DitchCarbon Score
How does Harmony 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
Harmony Bank'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.
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Harmony Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges. However, it is important to note that Harmony Bank's emissions data may be influenced by its corporate family structure. The emissions performance data is cascaded from Provident Financial Services, Inc., which is a merged entity at the third cascade level. Additionally, emissions data may also be inherited from Lakeland Bank, which is at the first cascade level. This corporate relationship suggests that while specific emissions data for Harmony Bank is not available, it may align with broader sustainability efforts and targets set by its parent organisations. As of now, Harmony Bank has not publicly committed to specific science-based targets or initiatives aimed at reducing carbon emissions, reflecting a common challenge within the banking sector to establish clear climate action frameworks.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 408,000 | 000,000,000 | 000,000 |
| Scope 2 | 1,113,000 | - | 000,000 |
| Scope 3 | 2,986,000 | - | - |
How Carbon Intensive is Harmony Bank's Industry?
How Carbon Intensive is Harmony Bank's Location?
Harmony Bank'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.
Harmony Bank 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.
