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Public Profile
Financial Intermediation
US
updated 8 months ago

New Millennium Bank Sustainability Profile

Company website

New Millennium Bank, often referred to as NMB, is a prominent financial institution headquartered in the United States. Established in the early 2000s, the bank has made significant strides in the banking industry, particularly in providing innovative financial solutions tailored to meet the needs of its diverse clientele. With a strong presence in major operational regions across the US, New Millennium Bank focuses on personal and commercial banking services, including loans, savings accounts, and investment products. What sets NMB apart is its commitment to leveraging technology to enhance customer experience, ensuring seamless banking operations. The bank has achieved notable recognition for its customer-centric approach and robust financial performance, positioning itself as a trusted partner in the financial landscape. With a dedication to community engagement and sustainable practices, New Millennium Bank continues to evolve, meeting the demands of a dynamic market.

DitchCarbon Score

How does New Millennium 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.

42

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.

32

Industry Benchmark

New Millennium Bank's score of 42 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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New Millennium Bank's reported carbon emissions

Inherited from Nmb Financial Corp

New Millennium Bank, headquartered in the US, currently does not have specific carbon emissions data available for reporting. The bank is a current subsidiary of Nmb Financial Corp, which may influence its climate commitments and performance metrics. As of now, New Millennium Bank has not established any documented reduction targets or specific climate pledges. The absence of emissions data and reduction initiatives suggests that the bank is in the early stages of developing its climate strategy. In the context of the financial industry, many institutions are increasingly focusing on sustainability and carbon neutrality. New Millennium Bank may benefit from aligning its practices with industry standards and setting measurable targets in the future to enhance its environmental impact and transparency.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2023
Scope 1
-
Scope 2
-
Scope 3
23,982,000

How Carbon Intensive is New Millennium Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. New Millennium Bank's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is New Millennium Bank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for New Millennium Bank is in US, which has a low grid carbon intensity relative to other regions.

New Millennium Bank's Scope 3 Categories Breakdown

Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" representing nearly all of their reported Scope 3 footprint.

Top Scope 3 Categories

2023
Investments
100%

New Millennium 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.

New Millennium 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare New Millennium Bank's Emissions with Industry Peers

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Updated 4 days ago

Woori America Bank

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Financial intermediation services, except insurance and pension funding services (65)
Updated 2 months ago

Hanmi Financial Corporation

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•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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