Sallie Mae Bank Sustainability Profile
Sallie Mae Bank, officially known as Sallie Mae, is a prominent financial institution headquartered in the United States, with significant operations across various regions. Founded in 1972, the bank has evolved from its origins in student loan servicing to become a leader in education financing. Sallie Mae Bank offers a range of core products, including private student loans, savings accounts, and college planning resources, distinguished by competitive interest rates and flexible repayment options. The bank's commitment to supporting students and families in their educational journeys has solidified its position in the financial services industry. With a focus on innovation and customer service, Sallie Mae Bank has achieved notable milestones, including recognition for its robust online platform and educational resources, making it a trusted partner for millions seeking to finance their education.
DitchCarbon Score
How does Sallie Mae Bank'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
Sallie Mae Bank's score of 36 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sallie Mae Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of SLM Corporation, which may influence its climate-related initiatives and reporting. While Sallie Mae Bank has not established specific reduction targets or commitments, it is important to note that emissions data and climate performance may be inherited from its parent company, SLM Corporation. This relationship suggests that any climate commitments or emissions data would be reflective of SLM Corporation's broader sustainability strategies. As of now, Sallie Mae Bank has not publicly committed to any specific climate pledges or initiatives, nor does it report on any Science-Based Targets Initiative (SBTi) reduction targets. The lack of detailed emissions data and reduction initiatives highlights a potential area for future development in their environmental strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 298,000 | 000,000 |
| Scope 2 | 3,230,000 | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Sallie Mae Bank's Industry?
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Sallie Mae Bank'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.
Sallie Mae Bank 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.
