Northeast Bank Sustainability Profile
Northeast Bank, a prominent financial institution headquartered in the United States, has been serving clients since its establishment in 1872. With a strong presence in the Northeastern region, the bank focuses on commercial banking, residential mortgages, and investment services, catering to both individual and business needs. Renowned for its commitment to customer service, Northeast Bank offers a range of unique products, including tailored lending solutions and competitive mortgage options. The bank has achieved significant milestones, including expanding its operational footprint and enhancing digital banking capabilities. As a trusted name in the banking industry, Northeast Bank continues to solidify its market position through innovative financial solutions and a dedication to community engagement, making it a preferred choice for customers seeking reliable banking services.
DitchCarbon Score
How does Northeast 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.
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
Northeast Bank's score of 42 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Northeast Bank's reported carbon emissions
Northeast Bank, headquartered in the US, has not publicly reported any specific carbon emissions data for the most recent year. However, the bank has set ambitious climate commitments aimed at achieving net zero emissions by 2050. This long-term target encompasses both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to reducing its carbon footprint. In terms of recent achievements, Northeast Bank's parent company, Barclays, reported a significant reduction of approximately 71% in Scope 1 and Scope 2 emissions against a 2018 baseline, achieved by 2020. This achievement underscores the bank's commitment to sustainability and its proactive stance in addressing climate change. While specific emissions data for Northeast Bank is currently unavailable, the bank's long-term net zero ambition and the substantial reductions reported by its parent company indicate a strong commitment to environmental responsibility and climate action.
How Carbon Intensive is Northeast Bank's Industry?
How Carbon Intensive is Northeast Bank's Location?
Northeast 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.
Northeast Bank 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.
