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Public Profile
Financial Intermediation
US
updated 8 months ago

People's United Financial, Inc. Sustainability Profile

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.

29

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

How Carbon Intensive is People's United Financial, Inc.'s Industry?

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.

How Carbon Intensive is People's United Financial, Inc.'s Location?

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.

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

2023
Business Travel
100%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare People's United Financial, Inc.'s Emissions with Industry Peers

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Financial intermediation services, except insurance and pension funding services (65)
Updated 18 days ago

CoBank, ACB

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•
Financial intermediation services, except insurance and pension funding services (65)
Updated 28 days ago

Valley National Bancorp

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Trustmark Corporation

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

Investors Bancorp, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 15 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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