Popular Sustainability Profile
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 lower than 54% 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 7,448,000 kg CO2e, comprising 822,000 kg CO2e from Scope 1 and 6,327,000 kg CO2e from Scope 2. This reflects a notable increase in emissions compared to 2021, when total emissions were about 12,169,000 kg CO2e, with Scope 1 emissions at 720,000 kg CO2e and Scope 2 emissions at 11,699,000 kg CO2e. The trend from 2020 shows a similar pattern, with total emissions of approximately 11,221,000 kg CO2e, including 557,000 kg CO2e from Scope 1 and 10,666,000 kg CO2e from Scope 2. Despite these figures, Popular has not disclosed any specific reduction targets or initiatives, nor does it report on Scope 3 emissions. The absence of Science-Based Targets Initiative (SBTi) commitments or other climate pledges indicates a potential area for improvement in their climate strategy. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Popular, Inc. Overall, while Popular has made strides in transparency regarding its emissions, the lack of reduction targets suggests a need for a more robust climate commitment moving forward.
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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 | - | - | - |
How Carbon Intensive is Popular's Industry?
How Carbon Intensive is Popular's Location?
Popular'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.
Popular 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.
