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RBB Bancorp, also known as Royal Business Bank, is a prominent financial institution headquartered in the United States, with a strong presence in major operational regions including California and New York. Founded in 2008, the bank has quickly established itself within the banking industry, focusing on commercial banking services tailored to small and medium-sized enterprises. RBB Bancorp offers a range of core products, including business loans, treasury management, and deposit services, distinguished by their commitment to personalised customer service and innovative financial solutions. The bank's strategic approach has positioned it as a leader in serving the Asian-American community, contributing to its notable achievements in fostering economic growth within diverse markets. With a dedication to excellence, RBB Bancorp continues to expand its footprint while maintaining a strong reputation for reliability and community engagement.
How does RBB Bancorp'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.
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.
RBB Bancorp's score of 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2021, RBB Bancorp reported significant carbon emissions, with approximately 17,226,332 kg CO2e from Scope 2 emissions related to purchased electricity and about 7,616 kg CO2e from Scope 3 emissions due to business travel. This data indicates a focus on indirect emissions, as there is no reported Scope 1 data. RBB Bancorp has set ambitious climate commitments, aiming to reduce its operational emissions by 30% from the 2021 baseline by 2030. This target applies to both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to decarbonisation. Additionally, the organisation has developed a Climate Strategy to support the government's target of achieving net zero emissions by 2060, further demonstrating its commitment to climate resilience. Overall, RBB Bancorp's emissions data and reduction initiatives highlight its proactive stance in addressing climate change and its alignment with broader sustainability goals.
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.
RBB Bancorp 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.