RBB Bancorp
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.
DitchCarbon Score
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.
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
RBB Bancorp's score of 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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RBB Bancorp's reported carbon emissions
In 2021, RBB Bancorp reported total carbon emissions of approximately 20,225,717 kg CO2e. This figure includes 2,991,769 kg CO2e from Scope 1 emissions, 17,226,332 kg CO2e from Scope 2 emissions, and 7,616 kg CO2e from Scope 3 emissions. The previous year, 2020, saw total emissions of about 23,150,576 kg CO2e, with Scope 1 emissions at 4,799,245 kg CO2e, Scope 2 at 18,260,721 kg CO2e, and Scope 3 at 90,610 kg CO2e. In 2019, emissions were approximately 25,086,988 kg CO2e, comprising 6,786,370 kg CO2e in Scope 1, 17,903,906 kg CO2e in Scope 2, and 396,711 kg CO2e in Scope 3. Despite these figures, RBB Bancorp has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The emissions data is not cascaded from any parent company, indicating that RBB Bancorp's reporting is independent. Overall, RBB Bancorp's emissions reflect a significant carbon footprint, particularly in Scope 2, which is typical for financial institutions. The company may benefit from establishing clear reduction goals to enhance its climate strategy and align with industry standards.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 6,786,370.38 | 0,000,000.00 | 0,000,000.00 |
| Scope 2 | 17,903,906.13 | 00,000,000.00 | 00,000,000.00 |
| Scope 3 | 396,711.31 | 00,000.00 | 0,000.0 |
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.
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.
