Heritage Oaks Bancorp Sustainability Profile
Heritage Oaks Bancorp, a prominent financial institution headquartered in the United States, has been serving communities since its founding in 1998. With a strong presence in California, particularly in the Central Coast region, the bank operates within the banking and financial services industry, focusing on commercial and retail banking solutions. The company offers a range of core products, including personal and business loans, deposit accounts, and wealth management services, distinguished by its commitment to personalised customer service and community engagement. Heritage Oaks Bancorp has achieved notable milestones, including consistent growth in assets and a reputation for financial stability, positioning itself as a trusted partner for individuals and businesses alike. With a dedication to fostering local economies, the bank continues to enhance its market position through innovative financial solutions tailored to meet the needs of its diverse clientele.
DitchCarbon Score
How does Heritage Oaks Bancorp'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
Heritage Oaks Bancorp's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Heritage Oaks Bancorp currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. The organisation has not established any documented reduction targets or climate pledges, indicating a lack of formal commitments to address climate change at this time. It is important to note that Heritage Oaks Bancorp's emissions data is cascaded from a merged entity relationship, but specific details regarding the source organisation or any inherited emissions data are not provided. As such, the company may be in the early stages of developing its climate strategy and emissions reporting framework. In the context of the banking industry, many institutions are increasingly recognising the importance of sustainability and are setting ambitious targets to reduce their carbon footprints. However, without specific data or commitments from Heritage Oaks Bancorp, it remains unclear how they plan to align with these industry standards.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 5,006,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,416,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,516,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Heritage Oaks Bancorp's Industry?
How Carbon Intensive is Heritage Oaks Bancorp's Location?
Heritage Oaks Bancorp's Scope 3 Categories Breakdown
Heritage Oaks Bancorp's Scope 3 emissions, which increased by 100% last year and decreased by approximately 44% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Heritage Oaks Bancorp'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.
Heritage Oaks Bancorp 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.
