RBB Bancorp Sustainability Profile
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 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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RBB Bancorp's reported carbon emissions
In 2021, RBB Bancorp reported total carbon emissions of approximately 17,226,332 kg CO2e from Scope 2, specifically from purchased electricity, and about 7,616 kg CO2e from Scope 3, attributed to business travel. This data indicates a slight decrease in Scope 2 emissions from 2020, where emissions were approximately 18,260,721 kg CO2e, and a significant reduction in Scope 3 emissions, which were about 90,610 kg CO2e in the same year. In 2019, Scope 2 emissions were approximately 17,903,906 kg CO2e, while Scope 3 emissions were about 396,711 kg CO2e. RBB Bancorp has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's emissions data is not cascaded from a parent company, indicating that it operates independently in its climate reporting. Overall, RBB Bancorp's emissions profile highlights a focus on managing Scope 2 emissions, with a notable trend of reduction in both Scope 2 and Scope 3 emissions over the past few years. However, the lack of formal climate commitments suggests an opportunity for the organisation to enhance its sustainability strategy.
How Carbon Intensive is RBB Bancorp's Industry?
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RBB Bancorp's Scope 3 Categories Breakdown
RBB Bancorp's Scope 3 emissions, which decreased by 92% last year and decreased by approximately 98% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
RBB Bancorp'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.
RBB Bancorp 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.
