Penns Woods Bancorp, Inc.
Penns Woods Bancorp, Inc., often referred to as PWOD, is a prominent financial institution headquartered in the United States. Established in 1902, the company has a rich history of serving communities primarily in Pennsylvania and West Virginia. Operating within the banking and financial services industry, Penns Woods Bancorp offers a diverse range of products, including personal and commercial banking, wealth management, and mortgage services. What sets Penns Woods apart is its commitment to personalised customer service and community engagement, fostering strong relationships with clients. The company has achieved notable milestones, including consistent growth in assets and a solid market position within its operational regions. With a focus on innovation and customer satisfaction, Penns Woods Bancorp continues to be a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Penns Woods Bancorp, 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
Penns Woods Bancorp, Inc.'s score of 49 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Penns Woods Bancorp, Inc.'s reported carbon emissions
In 2023, Penns Woods Bancorp, Inc. reported significant carbon emissions, totalling approximately 12000000 kg CO2e for Scope 1 emissions, 16774000 kg CO2e for Scope 2 (market-based), and a substantial 512364000 kg CO2e for Scope 3 emissions. The Scope 3 emissions breakdown includes 26057000 kg CO2e from capital goods, 798000 kg CO2e from business travel, and 2331000 kg CO2e from employee commuting, among other categories. The company has set ambitious climate commitments, aiming for net-zero emissions for both Scope 1 and Scope 2 by 2030. This initiative is part of a broader strategy to invest in modern infrastructure that supports renewable resources and low- and zero-carbon fuels. Additionally, Penns Woods Bancorp is targeting a 39% reduction in Scope 1 and Scope 2 GHG emissions intensity by 2024, measured in kg CO2e per square foot. The emissions data is cascaded from the parent organization, reflecting a merged entity structure. This data is crucial for understanding the company's environmental impact and commitment to sustainability within the financial services sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 36,040,000 | 00,000,000 |
| Scope 2 | 2,042,000 | 00,000,000 |
| Scope 3 | 27,181,293,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Penns Woods Bancorp, 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.
