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 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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NewBank's reported carbon emissions
In 2022, NewBank reported total carbon emissions of approximately 17,994,000 kg CO2e. This marked an increase from 2021, when emissions were about 13,964,000 kg CO2e, and from 2020, which saw emissions of around 17,031,000 kg CO2e. The data does not specify emissions by scope (Scope 1, 2, or 3), indicating a lack of detailed breakdown. NewBank has set ambitious climate commitments, aiming to reduce its Scope 1 emissions to near zero by 2025. Similarly, the bank has pledged to achieve near-zero Scope 2 emissions within the same timeframe. These targets reflect a proactive approach to addressing climate change and align with industry standards for sustainability. As of now, there are no specific targets set under the Science Based Targets initiative (SBTi), and the emissions data is not cascaded from any parent organisation. NewBank's commitment to reducing its carbon footprint demonstrates its dedication to environmental responsibility and aligns with global efforts to combat climate change.
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.
