Mascoma Bank Sustainability Profile
Mascoma Bank, officially known as Mascoma Savings Bank, is a prominent financial institution headquartered in the United States, specifically in Lebanon, New Hampshire. Established in 1899, the bank has a rich history of serving the local community and has expanded its operations across New Hampshire and Vermont. Operating within the banking industry, Mascoma Bank focuses on providing a range of core services, including personal and business banking, mortgages, and investment solutions. What sets Mascoma apart is its commitment to community engagement and sustainable banking practices, which resonate with its customer base. With a strong market position, Mascoma Bank has been recognised for its customer service excellence and innovative financial products, making it a trusted choice for individuals and businesses alike in the region.
DitchCarbon Score
How does Mascoma Bank'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
Mascoma Bank's score of 23 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mascoma Bank's reported carbon emissions
Mascoma Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The bank is a current subsidiary and does not inherit emissions data from a parent organisation. In terms of climate commitments, there are no documented reduction targets or initiatives such as Science-Based Targets Initiative (SBTi) or other climate pledges. This lack of specific data suggests that Mascoma Bank may still be in the early stages of formalising its climate strategy or reporting practices. As the financial sector increasingly prioritises sustainability, Mascoma Bank's future commitments and actions will be crucial in aligning with industry standards and expectations for carbon emissions reduction.
How Carbon Intensive is Mascoma Bank's Industry?
How Carbon Intensive is Mascoma Bank's Location?
Mascoma Bank'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.
Mascoma Bank 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.
