National Penn Bancshares, Inc. Sustainability Profile
National Penn Bancshares, Inc., commonly referred to as National Penn, is a prominent financial institution headquartered in the United States. Established in 1870, the company has a rich history of serving communities primarily in Pennsylvania and surrounding regions. Operating within the banking industry, National Penn offers a diverse range of services, including commercial and retail banking, wealth management, and mortgage solutions. What sets National Penn apart is its commitment to personalised customer service and community engagement, fostering strong relationships with clients. Over the years, the bank has achieved significant milestones, including strategic mergers that have expanded its market presence. With a focus on innovation and customer satisfaction, National Penn Bancshares continues to solidify its position as a trusted financial partner in the Mid-Atlantic region.
DitchCarbon Score
How does National Penn 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
National Penn Bancshares, Inc.'s score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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National Penn Bancshares, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is part of a merged entity with Truist Financial Corporation, which may influence its climate commitments and emissions reporting. While there are no documented reduction targets or specific climate pledges from National Penn Bancshares, it is important to note that emissions data and performance metrics are cascaded from Truist Financial Corporation. This means that any climate initiatives or targets may align with those of Truist, although specific details are not provided. As of now, National Penn Bancshares has not established its own distinct climate commitments or reduction initiatives, reflecting a broader trend in the financial sector where many institutions are still developing comprehensive sustainability strategies.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 17,524,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 218,277,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 90,435,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is National Penn Bancshares, Inc.'s Industry?
How Carbon Intensive is National Penn Bancshares, Inc.'s Location?
National Penn Bancshares, Inc.'s Scope 3 Categories Breakdown
National Penn Bancshares, Inc.'s Scope 3 emissions, which increased by 338% last year and increased by approximately 318% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 73% of Scope 3 emissions.
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National Penn 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.
National Penn 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.
