Sterling Bancorp
Sterling Bancorp, a prominent financial institution headquartered in the United States, has established itself as a key player in the banking industry since its founding in 2006. With a strong presence in major operational regions across the US, Sterling Bancorp focuses on providing a diverse range of banking services, including commercial and residential lending, treasury management, and wealth management solutions. The bank is recognised for its commitment to customer service and innovative financial products tailored to meet the unique needs of its clients. Sterling Bancorp has achieved significant milestones, including notable growth in assets and a robust market position, making it a trusted choice for individuals and businesses alike. With a focus on community engagement and financial empowerment, Sterling Bancorp continues to set itself apart in the competitive landscape of banking.
DitchCarbon Score
How does Sterling 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
Sterling Bancorp's score of 37 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sterling Bancorp's reported carbon emissions
Sterling Bancorp, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. However, the organisation is committed to significant climate initiatives. Notably, Sterling Bancorp has inherited emissions reduction targets from its parent company, Webster Financial Corporation, as part of a merged entity relationship. The company has set a long-term goal to achieve net-zero emissions by 2050, contingent upon advancements in technology, public policy, and consumer behaviour. This commitment includes the preservation of existing nuclear energy sources, continued investment in renewable energy, and the retirement or sale of coal assets. Additionally, Sterling Bancorp aims to reduce greenhouse gas (GHG) emissions from its operations (Scope 1) by 80% from 2005 levels by 2046. This ambitious target reflects the organisation's dedication to addressing climate change and reducing its carbon footprint over the coming decades. As Sterling Bancorp progresses towards these goals, it aligns itself with industry standards and best practices in climate action, demonstrating a proactive approach to sustainability.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Sterling Bancorp 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.
