MainStreet Bancshares, Inc. Sustainability Profile
MainStreet Bancshares, Inc., commonly referred to as MainStreet Bank, is a prominent financial institution headquartered in the United States. Established in 2004, the bank has made significant strides in the community banking sector, primarily serving Northern Virginia and the surrounding regions. Specialising in a range of banking services, including personal and business banking, commercial lending, and mortgage solutions, MainStreet Bank distinguishes itself through its commitment to customer service and innovative financial products. The bank has garnered recognition for its robust digital banking platform, catering to the evolving needs of its clientele. With a strong market position, MainStreet Bancshares has achieved notable milestones, including consistent growth in assets and a reputation for community involvement. Its dedication to fostering local economic development further solidifies its role as a trusted partner in the financial landscape.
DitchCarbon Score
How does MainStreet Bancshares, 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
MainStreet Bancshares, Inc.'s score of 25 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MainStreet Bancshares, Inc.'s reported carbon emissions
In 2022, MainStreet Bancshares, Inc. reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 emissions and 282,600 kg CO2e from Scope 2 emissions. This data reflects a significant reduction from 2021, where Scope 1 emissions alone were reported at 533,000,000 kg CO2e. Despite these figures, MainStreet Bancshares has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. As a financial institution headquartered in the US, MainStreet Bancshares is positioned within an industry increasingly focused on sustainability and climate responsibility. The company’s emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is MainStreet Bancshares, Inc.'s Industry?
How Carbon Intensive is MainStreet Bancshares, Inc.'s Location?
MainStreet Bancshares, 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.
MainStreet Bancshares, 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.
