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Financial Intermediation
US
updated 6 months ago

Harmony Bank

Company website

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.

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.

28

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.

43%

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Harmony Bank's reported carbon emissions

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.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Harmony Bank'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 Harmony Bank 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.

Harmony Bank 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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