NewBank
NewBank, officially known as NewBank USA, is a prominent financial institution headquartered in the United States. Established in 2016, the bank has rapidly expanded its operations across major regions, focusing on providing innovative banking solutions tailored to meet the needs of its diverse clientele. Operating within the fintech industry, NewBank offers a range of core products and services, including digital banking, personal loans, and credit solutions. What sets NewBank apart is its commitment to leveraging technology to enhance customer experience and streamline financial processes. With a strong market position, NewBank has achieved significant milestones, including rapid customer growth and recognition for its user-friendly platform. As a forward-thinking bank, NewBank continues to redefine the banking landscape, making financial services more accessible and efficient for all.
DitchCarbon Score
How does NewBank'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
NewBank's score of 29 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NewBank's reported carbon emissions
NewBank, headquartered in the US, has set ambitious climate commitments aimed at achieving near-zero emissions in the near term. Although specific carbon emissions data for the most recent year is not available, the company has outlined clear reduction targets for its Scope 1 and Scope 2 emissions. NewBank aims to reduce its Scope 1 emissions to near zero by 2025 and has established a similar target for its Scope 2 emissions, also aiming for near-zero levels by the same year. These initiatives reflect NewBank's commitment to sustainability and align with industry standards for climate action. The company is currently in the process of implementing these strategies, demonstrating a proactive approach to addressing its carbon footprint.
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.
NewBank 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.
