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 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
RBB Bancorp's reported carbon emissions
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 no Scope 1 emissions data was disclosed. RBB Bancorp has set ambitious climate commitments, aiming for a 30% reduction in operational emissions 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 is aligned with broader climate strategies, supporting the government’s goal of achieving net zero emissions by 2060. The emissions data is not cascaded from a parent company, indicating that RBB Bancorp is independently managing its climate impact and commitments. The focus on reducing operational emissions demonstrates a proactive stance in addressing climate change and enhancing sustainability within its operations.
How Carbon Intensive is RBB Bancorp's Industry?
How Carbon Intensive is RBB Bancorp's Location?
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.
