Pathward Financial, Inc. Sustainability Profile
Pathward Financial, Inc., formerly known as The Bancorp, Inc., is a prominent financial services provider headquartered in the United States. Established in 2000, the company has carved a niche in the banking and financial technology sectors, focusing on innovative solutions for payments, banking, and lending. With a strong presence across various operational regions, Pathward offers a diverse range of core products, including digital banking services, payment processing, and prepaid card solutions. What sets Pathward apart is its commitment to leveraging technology to enhance customer experiences and streamline financial transactions. Recognised for its adaptability and growth, Pathward Financial has achieved significant milestones, positioning itself as a leader in the fintech industry. Its unique blend of traditional banking services and cutting-edge technology continues to drive its success in an ever-evolving market.
DitchCarbon Score
How does Pathward Financial, 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.
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
Pathward Financial, Inc.'s score of 28 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pathward Financial, Inc.'s reported carbon emissions
In 2022, Pathward Financial, Inc. reported significant carbon emissions, with Scope 1 emissions totalling approximately 390,000,000 kg CO2e and Scope 2 emissions reaching about 2,115,000,000 kg CO2e. This data highlights the company's substantial carbon footprint, primarily from direct operations and energy consumption. Pathward has set ambitious reduction targets, aiming for a 25% decrease in both Scope 1 and Scope 2 emissions by 2030, with the reduction period starting in 2024. Additionally, the company has committed to achieving net zero emissions for both Scope 1 and Scope 2 by 2050. These commitments reflect a proactive approach to climate action and align with industry standards for sustainability. The emissions data is not cascaded from any parent organisation, indicating that Pathward Financial, Inc. is independently reporting its carbon footprint and climate commitments. The company is actively working towards reducing its environmental impact while contributing to broader climate goals.
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Pathward Financial, Inc.'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.
Pathward Financial, Inc. 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.
