Spirit of Texas Bancshares, Inc., commonly referred to as Spirit of Texas Bank, is a prominent financial institution headquartered in the United States. Established in 2008, the bank has rapidly expanded its footprint across Texas, offering a range of banking services tailored to meet the needs of individuals and businesses alike. Operating primarily in the banking sector, Spirit of Texas Bancshares focuses on commercial and retail banking, providing core products such as personal and business loans, deposit accounts, and treasury management services. What sets them apart is their commitment to community engagement and personalised customer service, fostering strong relationships with clients. With a solid market position, Spirit of Texas Bancshares has achieved significant milestones, including strategic acquisitions that have bolstered its presence in key operational regions. The bank continues to thrive, driven by its dedication to innovation and customer satisfaction in the competitive financial landscape.
How does Spirit of Texas Bancshares, 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.
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.
Spirit of Texas Bancshares, Inc.'s score of 23 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spirit of Texas Bancshares, Inc., headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The company is classified as a merged entity, and any potential emissions data may be inherited from its corporate family, but no specific details are provided regarding this cascade. In terms of climate commitments, Spirit of Texas Bancshares, Inc. has not established any documented reduction targets or initiatives, nor does it participate in recognised frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). The lack of a climate pledge further indicates that the company has not publicly committed to specific sustainability goals or emissions reductions. As the financial services industry increasingly prioritises sustainability, it is essential for organisations like Spirit of Texas Bancshares, Inc. to develop and communicate clear climate strategies to align with industry standards and stakeholder expectations.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Spirit of Texas Bancshares, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.