People's United Financial, Inc. Sustainability Profile
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.
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
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.
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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.
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Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 |
How Carbon Intensive is People's United Financial, Inc.'s Industry?
How Carbon Intensive is People's United Financial, Inc.'s Location?
People's United Financial, Inc.'s Scope 3 Categories Breakdown
People's United Financial, Inc.'s Scope 3 emissions, which increased by 60% last year and increased by approximately 125% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 12% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
People's United 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.
People's United 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.
