Provident Financial Services, Inc.
Provident Financial Services, Inc., commonly known as Provident Bank, is a prominent financial institution headquartered in the United States, with a strong presence in New Jersey and New York. Founded in 1839, the bank has established itself as a trusted provider of a wide range of financial services, including personal and commercial banking, mortgage lending, and wealth management. With a commitment to customer-centric solutions, Provident Bank offers unique products such as tailored mortgage options and innovative digital banking services. The bank's dedication to community engagement and financial education has earned it a solid reputation in the industry. As a key player in the regional banking sector, Provident Financial Services continues to achieve notable milestones, reinforcing its position as a reliable partner for individuals and businesses alike.
DitchCarbon Score
How does Provident Financial Services, 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 Services Auxiliary to 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 Services, Inc.'s score of 26 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Provident Financial Services, Inc.'s reported carbon emissions
In 2021, Provident Financial Services, Inc. reported total carbon emissions of approximately 18,350,000 kg CO2e, with emissions distributed across various scopes: 311,000 kg CO2e from Scope 1, 928,000 kg CO2e from Scope 2, and a significant 18,350,000 kg CO2e from Scope 3. The Scope 3 emissions were primarily driven by purchased goods and services, which accounted for about 17,579,000 kg CO2e. In 2020, the company’s emissions were lower, totalling around 4,000,000 kg CO2e, with Scope 1 emissions at 408,000 kg CO2e, Scope 2 at 1,113,000 kg CO2e, and Scope 3 at 3,199,000 kg CO2e. This indicates a notable increase in emissions from 2020 to 2021, particularly in Scope 3. Despite the increase in emissions, there are currently no publicly disclosed reduction targets or initiatives from Provident Financial Services, Inc. regarding their carbon footprint. The company has not committed to any specific climate pledges or science-based targets, which places them in a challenging position within the industry as climate commitments become increasingly important for stakeholders.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 408,000 | 000,000 |
| Scope 2 | 1,113,000 | 000,000 |
| Scope 3 | 3,199,000 | 00,000,000 |
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.
Provident Financial Services, Inc. is not committed to any reduction initiatives 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.
