Mercantile Bank Corporation Sustainability Profile
Mercantile Bank Corporation, often referred to simply as Mercantile Bank, is a prominent financial institution headquartered in the United States. Established in 1997, the bank has grown significantly, primarily serving the Midwest region with a strong presence in Michigan. Operating within the banking industry, Mercantile Bank focuses on commercial banking, offering a range of services including personal and business loans, treasury management, and deposit products. What sets Mercantile Bank apart is its commitment to personalised service and community engagement, fostering strong relationships with clients. With a reputation for stability and customer satisfaction, Mercantile Bank Corporation has achieved notable milestones, positioning itself as a trusted partner for individuals and businesses alike. Its dedication to innovation and community support continues to drive its success in the competitive banking landscape.
DitchCarbon Score
How does Mercantile Bank Corporation'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
Mercantile Bank Corporation's score of 28 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mercantile Bank Corporation's reported carbon emissions
Mercantile Bank Corporation, headquartered in the US, has set ambitious climate commitments aimed at reducing its carbon footprint. Although specific emissions data for the most recent year is not available, the bank has established clear reduction targets for its Scope 1 and Scope 2 emissions. The bank aims to achieve a 40% reduction in Scope 1 emissions from a 2019 baseline by 2030. Additionally, it has set a target to reduce Scope 2 emissions by 29% over the same timeframe. These initiatives reflect the bank's commitment to sustainability and its proactive approach to addressing climate change. As of now, there are no emissions data inherited from a parent company, and all targets are set independently by Mercantile Bank Corporation. The bank's focus on reducing its carbon emissions aligns with industry standards and demonstrates its dedication to environmental responsibility.
How Carbon Intensive is Mercantile Bank Corporation's Industry?
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Mercantile Bank Corporation'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.
Mercantile Bank Corporation 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.
