Magyar Bancorp, Inc.
Magyar Bancorp, Inc., commonly referred to as Magyar Bank, is a prominent financial institution headquartered in the United States. Established in 1920, the bank has a rich history of serving communities primarily in New Jersey and New York. Operating within the banking industry, Magyar Bank focuses on providing a range of financial services, including personal and commercial banking, mortgage lending, and investment solutions. What sets Magyar Bank apart is its commitment to personalised customer service and community engagement, fostering strong relationships with clients. Over the years, the bank has achieved significant milestones, including consistent growth in assets and a solid reputation for reliability. With a focus on innovation and customer satisfaction, Magyar Bancorp continues to strengthen its market position, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Magyar 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 Services Auxiliary to 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
Magyar Bancorp, Inc.'s score of 23 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magyar Bancorp, Inc.'s reported carbon emissions
Magyar Bancorp, Inc., headquartered in the US, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Furthermore, the organisation has not established any documented reduction targets or climate pledges. This lack of emissions data and formal commitments suggests that Magyar Bancorp may not yet be actively engaged in comprehensive climate initiatives or reporting frameworks. In the context of the financial services industry, many organisations are increasingly adopting climate commitments and setting science-based targets to mitigate their environmental impact. However, without specific data or commitments from Magyar Bancorp, it remains unclear how they align with these industry trends. As the focus on sustainability intensifies, it will be essential for the company to consider developing and communicating its climate strategy to enhance transparency and accountability in its environmental performance.
Industry emissions intensity
Location emissions intensity
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.
Magyar Bancorp, Inc. 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.
