Sterling Bancorp Sustainability Profile
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 29 is lower than 53% 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. The organisation's climate commitments and reduction initiatives are also not detailed, indicating a potential area for development in their sustainability strategy. However, it is important to note that Sterling Bancorp's emissions data may be cascaded from its parent company, Webster Financial Corporation, at a level 2 relationship due to their merged entity status. This means that while Sterling Bancorp does not report its own emissions, it may align with the broader climate initiatives and targets set by Webster Financial Corporation. As of now, Sterling Bancorp has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other recognised frameworks. This lack of data and defined targets suggests that the organisation may need to enhance its focus on climate action and transparency in emissions reporting to meet industry standards and stakeholder expectations.
How Carbon Intensive is Sterling Bancorp's Industry?
How Carbon Intensive is Sterling Bancorp's Location?
Sterling Bancorp'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.
Sterling Bancorp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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