Provident Financial Holdings, Inc. Sustainability Profile
Provident Financial Holdings, Inc., commonly referred to as Provident, is a prominent financial institution headquartered in the United States. Established in 1956, the company has built a strong reputation in the banking sector, primarily serving Southern California and surrounding regions. Specialising in a range of financial services, Provident offers personal and commercial banking solutions, including savings accounts, loans, and mortgage services. What sets Provident apart is its commitment to personalised customer service and community engagement, fostering long-term relationships with clients. With a focus on innovation and customer satisfaction, Provident Financial Holdings has achieved significant milestones, positioning itself as a trusted partner in the financial landscape. The company continues to adapt to market demands, ensuring it remains a competitive player in the industry.
DitchCarbon Score
How does Provident Financial Holdings, 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
Provident Financial Holdings, Inc.'s score of 23 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Provident Financial Holdings, Inc.'s reported carbon emissions
In 2020, Provident Financial Holdings, Inc. reported total carbon emissions of approximately 4,507,000 kg CO2e. This figure includes 408,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,113,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 2,986,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Despite the significant emissions reported, there are currently no specific reduction targets or climate pledges outlined by Provident Financial Holdings, Inc. This lack of formal commitments may reflect a broader industry context where many financial institutions are still developing comprehensive climate strategies. The company does not inherit emissions data from a parent organisation, indicating that their reported figures are solely based on their own operations. As the financial sector increasingly faces pressure to address climate change, it will be crucial for Provident Financial Holdings, Inc. to establish clear reduction targets and initiatives to align with global climate goals.
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| 2020 | |
|---|---|
| Scope 1 | 408,000 |
| Scope 2 | 1,113,000 |
| Scope 3 | 2,986,000 |
How Carbon Intensive is Provident Financial Holdings, Inc.'s Industry?
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Provident Financial Holdings, 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.
Provident Financial Holdings, 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.
