Magyar Bancorp, Inc. Sustainability Profile
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 69% 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. Additionally, there are no documented reduction targets or climate pledges associated with the organisation. This lack of data suggests that Magyar Bancorp may not have established formal commitments to reduce its carbon footprint or engage in climate initiatives at this time. As the financial sector increasingly prioritises sustainability, it is essential for institutions like Magyar Bancorp to consider developing and communicating their climate strategies to align with industry standards and expectations.
How Carbon Intensive is Magyar Bancorp, Inc.'s Industry?
How Carbon Intensive is Magyar Bancorp, Inc.'s Location?
Magyar 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.
Magyar 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.
