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 28 is higher than 62% 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 Services, Inc.'s reported carbon emissions
In 2021, Provident Financial Services, Inc. reported total carbon emissions of approximately 19,000,000 kg CO2e. This figure includes 311,000 kg CO2e from Scope 1 emissions, 928,000 kg CO2e from Scope 2 emissions, and a significant 18,350,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals that business travel accounted for about 269,000 kg CO2e, while purchased goods and services contributed approximately 17,579,000 kg CO2e. Comparatively, in 2020, the company recorded total emissions of about 3,199,000 kg CO2e, with Scope 1 emissions at 408,000 kg CO2e and Scope 2 emissions at 1,113,000 kg CO2e. The substantial increase in emissions from 2020 to 2021 highlights a notable rise in operational impact. Despite the emissions data, Provident Financial Services has not disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of formal climate pledges or science-based targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. As the financial services industry increasingly prioritises sustainability, it will be essential for Provident Financial to establish clear commitments to reduce emissions and enhance their environmental performance.
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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 participating in any of the initiatives that 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.
