Multibank Inc. Sustainability Profile
Multibank Inc., a prominent financial institution headquartered in Pennsylvania, has established itself as a leader in the banking sector since its inception in 1990. With a strong presence in key operational regions across the United States and Latin America, Multibank Inc. offers a diverse range of financial services, including commercial banking, investment solutions, and asset management. Renowned for its innovative approach, Multibank Inc. provides unique products tailored to meet the needs of both individual and corporate clients. The bank's commitment to customer service and financial expertise has earned it a solid market position, making it a trusted partner in the financial landscape. With a focus on growth and sustainability, Multibank Inc. continues to achieve notable milestones, reinforcing its reputation as a forward-thinking institution in the competitive banking industry.
DitchCarbon Score
How does Multibank 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
Multibank Inc.'s score of 50 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Multibank Inc., headquartered in Pennsylvania, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Grupo Aval Acciones y Valores S.A., which may influence its climate commitments and performance metrics. While there are no documented reduction targets or climate pledges from Multibank Inc. itself, emissions data may be inherited from its parent company, Banco de Bogotá S.A., at a cascade level of three. This suggests that any climate initiatives or emissions reductions may be aligned with broader strategies implemented by Grupo Aval and its subsidiaries. As of now, Multibank Inc. has not established specific science-based targets (SBTi) or documented any significant reduction initiatives. The lack of emissions data and reduction commitments highlights an opportunity for the company to enhance its climate strategy and transparency in line with industry standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,840 | 0,000 | 0,000 | 0,000 | 000,000,000 | 0,000 |
| Scope 2 | 27,670 | 00,000 | 00,000 | 00,000 | 00,000,000 | 00,000 |
| Scope 3 | 25,290 | 0,000 | 0,000 | 0,000 | - | 0,000,000 |
How Carbon Intensive is Multibank Inc.'s Industry?
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Multibank Inc.'s Scope 3 Categories Breakdown
Multibank Inc.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 93% of Scope 3 emissions.
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Multibank 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.
Multibank Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
