Sterling Financial Corporation Sustainability Profile
Sterling Financial Corporation, often referred to as Sterling, is a prominent player in the financial services industry, headquartered in the United States. Established in 2000, the company has made significant strides in providing innovative financial solutions across major operational regions, including the East Coast and Midwest. Specialising in a diverse range of services such as investment management, wealth planning, and corporate finance, Sterling distinguishes itself through its client-centric approach and tailored financial strategies. The firm has garnered a reputation for excellence, achieving notable milestones that underscore its market position. With a commitment to integrity and transparency, Sterling Financial Corporation continues to empower individuals and businesses alike, solidifying its status as a trusted partner in navigating the complexities of financial landscapes.
DitchCarbon Score
How does Sterling 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
Sterling Financial Corporation's score of 66 is higher than 81% 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 Financial Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is part of a corporate family that includes The PNC Financial Services Group, Inc., from which it inherits certain climate-related initiatives and performance metrics. As a merged entity, Sterling Financial Corporation's climate commitments and reduction initiatives are influenced by its relationship with PNC. However, no specific reduction targets or climate pledges have been outlined for Sterling itself. The absence of direct emissions data suggests that the company may still be in the process of establishing its own climate strategy or reporting framework. In the context of industry standards, it is essential for organisations like Sterling Financial Corporation to develop clear carbon reduction targets and transparent reporting practices to align with global climate goals. The lack of reported emissions and commitments highlights an opportunity for the company to enhance its sustainability efforts and contribute to broader environmental objectives.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 23,767,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 112,544,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 16,467,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Sterling Financial Corporation's Industry?
How Carbon Intensive is Sterling Financial Corporation's Location?
Sterling Financial Corporation's Scope 3 Categories Breakdown
Sterling Financial Corporation's Scope 3 emissions, which increased by 35% last year and increased by approximately 380% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 69% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Sterling 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.
Sterling 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.
