PrivateBancorp, Inc. Sustainability Profile
PrivateBancorp, Inc., commonly known as The PrivateBank, is a prominent financial institution headquartered in the United States. Established in 1989, the company has built a strong reputation in the banking industry, primarily serving clients in major urban regions across the US. Specialising in commercial banking, investment management, and private banking services, PrivateBancorp distinguishes itself through its personalised approach and commitment to client relationships. The firm offers a range of core products, including tailored lending solutions and wealth management services, designed to meet the unique needs of individuals and businesses alike. With a focus on delivering exceptional service, PrivateBancorp has achieved notable milestones, positioning itself as a trusted partner in the financial landscape. Its dedication to innovation and client satisfaction continues to drive its success in a competitive market.
DitchCarbon Score
How does PrivateBancorp, 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
PrivateBancorp, Inc.'s score of 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PrivateBancorp, Inc., headquartered in the US, currently does not have specific carbon emissions data available for recent years, as indicated by the absence of emissions figures. The company is part of a corporate family that includes the Canadian Imperial Bank of Commerce (CIBC), from which it inherits emissions data and climate commitments. As a merged entity, PrivateBancorp, Inc. aligns its climate initiatives with those of CIBC. However, no specific reduction targets or climate pledges have been documented for PrivateBancorp, Inc. itself. The lack of detailed emissions data and reduction initiatives suggests that the company may still be in the process of establishing its own climate strategy or may rely on the broader commitments of its parent organisation. In summary, while PrivateBancorp, Inc. does not currently report specific emissions data or reduction targets, it is associated with CIBC, which may influence its future climate commitments and performance.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 20,623,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 32,572,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is PrivateBancorp, Inc.'s Industry?
How Carbon Intensive is PrivateBancorp, Inc.'s Location?
PrivateBancorp, Inc.'s Scope 3 Categories Breakdown
PrivateBancorp, Inc.'s Scope 3 emissions, which increased by 35% last year and decreased by approximately 16% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 25% of Scope 3 emissions.
Top Scope 3 Categories
PrivateBancorp, 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.
PrivateBancorp, 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.
