Summit Community Bank, Inc. Sustainability Profile
Summit Community Bank, Inc., often referred to as Summit Bank, is a prominent financial institution headquartered in the United States. Established in 1887, the bank has a rich history of serving communities across West Virginia and Virginia, focusing on personal and commercial banking solutions. Summit Community Bank offers a diverse range of core products and services, including checking and savings accounts, loans, and mortgage services, distinguished by their commitment to customer service and community engagement. With a strong market position, the bank has achieved notable milestones, including consistent growth and recognition for its financial stability. Dedicated to fostering local economies, Summit Community Bank remains a trusted partner for individuals and businesses alike, making it a key player in the regional banking industry.
DitchCarbon Score
How does Summit Community Bank, 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.
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
Summit Community Bank, Inc.'s score of 25 is lower 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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Summit Community Bank, Inc.'s reported carbon emissions
Summit Community Bank, Inc. currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. However, the bank is part of a corporate family that includes Summit Communications Limited, which has committed to near-term climate targets. These commitments are part of a broader effort to address climate change within the telecommunications sector. The emissions data for Summit Community Bank, Inc. is cascaded from its parent organization, with relevant initiatives sourced from the SBTi (Science Based Targets initiative). While specific reduction targets have not been detailed, the bank is aligned with industry standards and practices aimed at reducing carbon footprints. As a merged entity, Summit Community Bank, Inc. inherits its climate commitments and initiatives from its corporate family, which includes commitments made by Summit Communications Limited. This indicates a proactive approach to sustainability, although specific metrics and targets remain unspecified at this time. In summary, while there are no current emissions figures for Summit Community Bank, Inc., the organisation is engaged in climate commitments through its corporate relationships, reflecting a dedication to addressing environmental impacts in the financial services sector.
How Carbon Intensive is Summit Community Bank, Inc.'s Industry?
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Summit Community Bank, Inc.'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.
Summit Community Bank, Inc. 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.
