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 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 the company's commitment to transparency in its environmental impact, although no Scope 3 emissions data has been disclosed. Comparatively, in 2021, the company reported significantly higher Scope 1 emissions of 533,000,000 kg CO2e, indicating a substantial reduction in emissions in the following year. However, there are currently no specific reduction targets or climate pledges outlined by MainStreet Bancshares, Inc., nor are there any initiatives linked to the Science Based Targets initiative (SBTi) or other climate frameworks. The absence of cascaded emissions data suggests that MainStreet Bancshares operates independently in its emissions reporting and climate commitments. Overall, while the company has made strides in reducing its carbon footprint, further commitments and targets would enhance its climate strategy.
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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?
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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.
