Melrose Bancorp, Inc.
Melrose Bancorp, Inc., a prominent player in the banking sector, is headquartered in the United States, with a strong operational presence in Massachusetts. Founded in 1890, the bank has established itself as a trusted financial institution, offering a range of services including personal and commercial banking, mortgage lending, and investment solutions. Melrose Bancorp is renowned for its commitment to customer service and community engagement, setting it apart in a competitive market. The bank's core products, such as tailored loan options and innovative savings accounts, cater to the diverse needs of its clientele. With a focus on sustainable growth and financial stability, Melrose Bancorp has achieved notable milestones, reinforcing its position as a reliable partner in the financial landscape.
DitchCarbon Score
How does Melrose 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 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
Melrose Bancorp, Inc.'s score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Melrose Bancorp, Inc.'s reported carbon emissions
In 2019, Melrose Bancorp, Inc. reported significant carbon emissions, totalling approximately 1,004,990,000 kg CO2e across all scopes. This included about 223,847,000 kg CO2e from Scope 1 emissions, approximately 801,478,000 kg CO2e from Scope 2 emissions, and around 779,499,000 kg CO2e from Scope 3 emissions. The previous year, 2018, saw emissions of about 1,030,000,000 kg CO2e, with Scope 1 emissions at approximately 23,261,000 kg CO2e and Scope 2 emissions at about 31,310,000 kg CO2e. Despite these figures, Melrose Bancorp has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or targets suggests a need for further commitment to climate action within the industry context. As a financial institution headquartered in the US, Melrose Bancorp's emissions profile highlights the importance of addressing carbon emissions in the banking sector, particularly in light of increasing global climate commitments.
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| 2018 | 2019 | |
|---|---|---|
| Scope 1 | 23,261,000 | 000,000,000 |
| Scope 2 | 31,310,000 | 000,000,000 |
| Scope 3 | 1,003,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Melrose Bancorp, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
