Preferred Bank Sustainability Profile
Preferred Bank, officially known as Preferred Bank, is a prominent financial institution headquartered in the United States, with a strong presence in major operational regions such as California and New York. Established in 1991, the bank has achieved significant milestones, including its successful listing on the NASDAQ. Operating within the banking industry, Preferred Bank focuses on commercial banking services, catering primarily to small and medium-sized enterprises. Its core offerings include business loans, treasury management, and personal banking solutions, distinguished by a commitment to personalised service and competitive rates. With a reputation for financial stability and customer-centric solutions, Preferred Bank has positioned itself as a trusted partner for businesses seeking growth and innovation in their financial strategies.
DitchCarbon Score
How does Preferred Bank'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
Preferred Bank's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Preferred Bank's reported carbon emissions
Preferred Bank, headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. This lack of data suggests that Preferred Bank may not have established formal commitments to reduce its carbon footprint or engage in climate initiatives at this time. As the financial sector increasingly prioritises sustainability, Preferred Bank's current position may reflect a broader industry context where many institutions are still developing their climate strategies. Without specific emissions data or reduction targets, it remains unclear how Preferred Bank plans to address its environmental impact in the future.
How Carbon Intensive is Preferred Bank's Industry?
How Carbon Intensive is Preferred Bank's Location?
Preferred Bank'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.
Preferred Bank 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.
