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 66% 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 emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2021, the total emissions were significantly higher at approximately 533 million kg CO2e, with all emissions attributed to Scope 1. This indicates a substantial reduction in emissions from 2021 to 2022, showcasing the company's commitment to lowering its carbon footprint. Despite these reductions, MainStreet Bancshares, Inc. has not set any specific reduction targets or initiatives, nor does it participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of formal climate commitments suggests that while the company has made progress in reducing emissions, there is potential for further action in establishing long-term sustainability goals.
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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.
