Lakeland Bancorp, Inc. Sustainability Profile
Lakeland Bancorp, Inc., commonly known as Lakeland Bank, is a prominent financial institution headquartered in the United States. Established in 1969, the bank has grown to serve key regions across New Jersey and New York, providing a comprehensive range of banking services. Specialising in commercial and retail banking, Lakeland Bank offers unique products such as tailored lending solutions, treasury management, and wealth management services. With a commitment to community engagement and customer satisfaction, Lakeland Bank has achieved significant milestones, including consistent growth in assets and a strong market presence. The bank is recognised for its innovative approach to banking, making it a trusted partner for individuals and businesses alike. As a leader in the regional banking sector, Lakeland Bancorp continues to enhance its offerings, ensuring it meets the evolving needs of its clientele.
DitchCarbon Score
How does Lakeland Bancorp, 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
Lakeland Bancorp, Inc.'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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Lakeland Bancorp, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a merged entity that inherits emissions data from its parent organisation, Provident Financial Services, Inc. However, no absolute emissions figures or reduction targets have been disclosed. As part of its climate commitments, Lakeland Bancorp, Inc. has not specified any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. The absence of detailed emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the lack of specific emissions data, it is essential for Lakeland Bancorp, Inc. to establish clear climate commitments and reduction targets to align with industry standards and contribute to broader sustainability efforts.
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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 Lakeland Bancorp, Inc.'s Industry?
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Lakeland Bancorp, 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.
Lakeland Bancorp, 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.
