Pacific Mercantile Bancorp Sustainability Profile
Pacific Mercantile Bancorp, often referred to as PMB, is a prominent financial institution headquartered in the United States, with a strong presence in Southern California. Founded in 1999, the bank has established itself within the commercial banking sector, focusing on providing tailored financial solutions to small and medium-sized enterprises. The bank offers a range of core products and services, including commercial lending, treasury management, and deposit services, distinguished by its commitment to personalised customer service and innovative financial strategies. Over the years, Pacific Mercantile Bancorp has achieved significant milestones, positioning itself as a trusted partner for businesses seeking growth and stability in a competitive market. With a reputation for excellence, PMB continues to enhance its market position through strategic initiatives and a customer-centric approach.
DitchCarbon Score
How does Pacific Mercantile Bancorp'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
Pacific Mercantile Bancorp's score of 25 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pacific Mercantile Bancorp's reported carbon emissions
Pacific Mercantile Bancorp, headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of emissions figures. The organisation's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges. However, it is important to note that emissions data may be cascaded from its parent company, Banc of California, Inc., at a level 1 relationship. This means that any relevant emissions data or climate initiatives may be inherited from this entity. As of now, there are no specific emissions figures or reduction targets reported from this source either. In the context of industry standards, Pacific Mercantile Bancorp's lack of publicly available emissions data and climate commitments highlights a potential area for improvement in transparency and accountability regarding their environmental impact.
How Carbon Intensive is Pacific Mercantile Bancorp's Industry?
How Carbon Intensive is Pacific Mercantile Bancorp's Location?
Pacific Mercantile Bancorp'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.
Pacific Mercantile Bancorp 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.
