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Financial Intermediation
US
updated 7 months ago

People's United Financial, Inc.

Company website

People's United Financial, Inc., commonly referred to as People's United, is a prominent financial services holding company headquartered in the United States. Established in 1842, it has a rich history of serving customers across New England and New York, positioning itself as a leader in the banking industry. The company offers a diverse range of financial products and services, including commercial and retail banking, wealth management, and insurance solutions. What sets People's United apart is its commitment to community engagement and personalised service, fostering long-term relationships with clients. With a strong market presence, People's United has achieved significant milestones, including strategic acquisitions that have expanded its footprint and enhanced its service offerings. As a trusted financial partner, the company continues to innovate and adapt to meet the evolving needs of its customers.

DitchCarbon Score

How does People's United 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.

42

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

People's United Financial, Inc.'s score of 42 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.

66%

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People's United Financial, Inc.'s reported carbon emissions

Inherited from M&T Bank Corporation

People's United Financial, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The organisation's climate commitments and reduction initiatives are also not detailed, indicating a lack of publicly stated targets or achievements in this area. However, it is important to note that emissions data and performance metrics may be cascaded from its parent company, M&T Bank Corporation. This relationship suggests that any relevant climate initiatives or emissions data could be derived from M&T Bank's sustainability efforts, although specific figures or targets from that source are not provided here. As a merged entity, People's United Financial, Inc. may align its climate strategies with those of M&T Bank Corporation, which could include participation in industry-standard initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). However, without explicit data or commitments from People's United Financial, Inc., the specifics of their climate impact and reduction strategies remain unclear.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2017201820192020202120222023
Scope 1
35,166,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
29,992,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
3,345,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. People's United Financial, 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 People's United Financial, 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.

People's United Financial, 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

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