Severn Bancorp, Inc. Sustainability Profile
Severn Bancorp, Inc., commonly known as Severn Bank, is a prominent financial institution headquartered in the United States, primarily serving the Maryland region. Founded in 1996, the bank has established itself within the banking industry, focusing on providing a range of financial services tailored to both individual and business clients. Severn Bank offers unique core products, including personal and commercial banking solutions, mortgage lending, and wealth management services. The bank is recognised for its commitment to customer service and community involvement, which sets it apart in a competitive market. With a strong market position, Severn Bancorp has achieved notable milestones, reflecting its dedication to fostering financial growth and stability in the communities it serves.
DitchCarbon Score
How does Severn Bancorp, Inc.'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
Severn Bancorp, Inc.'s score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Severn Bancorp, Inc.'s reported carbon emissions
Severn Bancorp, Inc., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is identified as a merged entity, inheriting its climate-related data from its parent organisation, Shore Bancshares, Inc., at a cascade level of 1. Despite the lack of direct emissions data, Severn Bancorp, Inc. has not outlined any specific reduction targets or climate commitments. The absence of documented initiatives such as Science-Based Targets Initiative (SBTi) targets or other climate pledges suggests that the company may still be in the early stages of formalising its climate strategy. As the financial services sector increasingly prioritises sustainability, it is essential for Severn Bancorp, Inc. to establish clear emissions reduction goals and commitments to align with industry standards and expectations.
How Carbon Intensive is Severn Bancorp, Inc.'s Industry?
How Carbon Intensive is Severn Bancorp, Inc.'s Location?
Severn Bancorp, Inc.'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.
Severn Bancorp, Inc. 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.
