Popular
Popular, Inc., commonly referred to as Popular, is a prominent financial services institution headquartered in the United States. Founded in 1893, the company has established a strong presence in the banking sector, particularly in Puerto Rico and the mainland U.S. Its core business areas include commercial and retail banking, mortgage lending, and wealth management services. With a commitment to innovation, Popular offers unique financial products tailored to meet the diverse needs of its customers. The company has achieved significant milestones, including its expansion into digital banking solutions, which enhance customer experience and accessibility. Recognised for its robust market position, Popular has garnered numerous accolades for its customer service and community engagement, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Popular'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
Popular's score of 28 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Popular's reported carbon emissions
In 2022, Popular reported total carbon emissions of approximately 7,000,000 kg CO2e, comprising about 822,000 kg CO2e from Scope 1 and about 6,327,000 kg CO2e from Scope 2. This marked a reduction from 2021, where emissions were about 11,699,000 kg CO2e, with Scope 1 emissions at approximately 720,000 kg CO2e and Scope 2 emissions at about 11,000,000 kg CO2e. Despite these reductions, there are no disclosed targets for further emissions reductions or commitments to the Science Based Targets initiative (SBTi). The absence of Scope 3 emissions data indicates a potential area for improvement in their climate strategy. Popular's emissions intensity for Scope 1 and 2 combined was reported at 0.0152 DOP per unit of revenue in 2022, reflecting their ongoing efforts to manage emissions relative to financial performance. Overall, while Popular has made strides in reducing its carbon footprint, the lack of specific reduction targets suggests that further commitments may be necessary to enhance their climate action framework.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 557,000 | 000,000 | 000,000 |
| Scope 2 | 10,666,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
Popular 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.
