Southern Community Financial Corporation Sustainability Profile
Southern Community Financial Corporation, often referred to as Southern Community, is a prominent player in the financial services industry, headquartered in the United States. Established in 1999, the corporation has made significant strides in providing comprehensive banking solutions across the Southeastern region, with a focus on community-oriented services. Specialising in retail banking, commercial lending, and wealth management, Southern Community distinguishes itself through personalised customer service and innovative financial products tailored to meet diverse client needs. The company has achieved notable milestones, including strategic acquisitions that have expanded its market presence and enhanced its service offerings. With a commitment to fostering economic growth in its operational areas, Southern Community Financial Corporation has solidified its position as a trusted financial partner, recognised for its dedication to community development and customer satisfaction.
DitchCarbon Score
How does Southern Community Financial Corporation'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
Southern Community Financial Corporation's score of 23 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Southern Community Financial Corporation, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is part of a corporate family that includes First Horizon Corporation, from which it inherits certain climate-related data. Despite the lack of direct emissions data, Southern Community Financial Corporation's climate commitments and reduction initiatives are influenced by its relationship with First Horizon Corporation. However, no specific reduction targets or climate pledges have been documented for Southern Community Financial Corporation at this time. As a merged entity, the company may align its sustainability efforts with broader initiatives from its parent organisation, but specific details regarding emissions reductions or commitments are not provided. The absence of concrete data highlights the need for further transparency in their climate strategy and performance.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 39,306,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 99,291,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Southern Community Financial Corporation's Industry?
How Carbon Intensive is Southern Community Financial Corporation's Location?
Southern Community Financial Corporation'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.
Southern Community Financial Corporation 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.
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