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Financial Intermediation
US
updated 7 months ago

Palmetto Bancshares, Inc.

Company website

Palmetto Bancshares, Inc., commonly known as Palmetto Bank, is a prominent financial institution headquartered in the United States. Established in 1907, the bank has a rich history of serving communities across South Carolina and Georgia, focusing on providing personalised banking solutions. Operating primarily in the banking and financial services industry, Palmetto Bank offers a diverse range of products, including personal and business banking, loans, and investment services. What sets Palmetto Bank apart is its commitment to customer service and community engagement, fostering long-term relationships with clients. With a strong market position, Palmetto Bancshares has achieved notable milestones, including consistent growth and recognition for its financial stability. The bank continues to adapt to the evolving financial landscape, ensuring it meets the needs of its customers effectively.

DitchCarbon Score

How does Palmetto Bancshares, Inc.'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.

25

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.

30

Industry Benchmark

Palmetto Bancshares, Inc.'s score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

43%

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Palmetto Bancshares, Inc.'s reported carbon emissions

Palmetto Bancshares, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The organisation's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges available. However, it is important to note that Palmetto Bancshares, Inc. inherits emissions data from its parent company, United Community Banks, Inc., through a merged entity relationship. This cascading of data may provide insights into the broader climate impact and commitments of the organisation, although specific figures and targets are not disclosed at this level. As of now, Palmetto Bancshares, Inc. has not established any Science-Based Targets Initiative (SBTi) reduction targets or other significant climate initiatives. The lack of specific emissions data and reduction commitments highlights an opportunity for the organisation to enhance its transparency and accountability regarding climate action.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Palmetto Bancshares, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

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 Palmetto Bancshares, Inc. is in US, which has a low grid carbon intensity relative to other regions.

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.

Palmetto Bancshares, Inc. 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.

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

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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