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 34 is higher than 54% 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 indicates a commitment to transparency in their environmental impact, as they have disclosed emissions for both scopes. The company has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 25% by 2030, starting from a baseline year of 2024. Similarly, Pathward has committed to a 25% reduction in Scope 2 emissions by the same year. Furthermore, they have established long-term goals to achieve net zero emissions for both Scope 1 and Scope 2 by 2050. Pathward's emissions data is not cascaded from any parent organisation, indicating that their reported figures are independently sourced. The company is actively working towards its climate commitments, demonstrating a proactive approach to addressing its carbon footprint and contributing to broader climate goals.
How Carbon Intensive is Pathward Financial, Inc.'s Industry?
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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.
