Lakeland Bank Sustainability Profile
Lakeland Bank, headquartered in the United States, is a prominent financial institution that has been serving communities since its founding in 1969. With a strong presence in New Jersey and New York, the bank operates within the banking industry, focusing on retail and commercial banking services. Lakeland Bank offers a diverse range of core products, including personal and business banking, loans, and investment services, distinguished by their commitment to customer service and community engagement. Over the years, the bank has achieved significant milestones, solidifying its market position as a trusted financial partner. Recognised for its dedication to innovation and customer satisfaction, Lakeland Bank continues to adapt to the evolving financial landscape, ensuring that it meets the needs of its clients while contributing to the economic growth of the regions it serves.
DitchCarbon Score
How does Lakeland 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
Lakeland Bank's score of 25 is lower than 61% 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 Bank, headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of reported 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 emissions data may be cascaded from its parent company, Provident Financial Services, Inc., at a cascade level of 2. This means that while Lakeland Bank does not report its own emissions, it may inherit relevant climate performance metrics from its parent organisation. As of now, Lakeland Bank's approach to climate action remains unspecified, and further information may be required to assess its environmental impact and commitments effectively.
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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 Bank's Industry?
How Carbon Intensive is Lakeland Bank's Location?
Lakeland 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.
Lakeland 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.
