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Financial Intermediation
US
updated 6 months ago

Summit Financial Group, Inc.

Company website

Summit Financial Group, Inc., a prominent player in the financial services industry, is headquartered in the United States and operates extensively across various regions. Founded in 1995, the company has established itself as a trusted provider of comprehensive financial solutions, including investment management, retirement planning, and insurance services. Summit Financial Group is renowned for its client-centric approach, offering tailored strategies that cater to individual financial goals. With a commitment to innovation and excellence, the firm has achieved significant milestones, positioning itself as a leader in the market. Its unique blend of expertise and personalised service has garnered a loyal client base, making Summit Financial Group a distinguished name in the financial landscape.

DitchCarbon Score

How does Summit Financial Group, 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.

25

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.

28

Industry Benchmark

Summit Financial Group, Inc.'s score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

43%

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Summit Financial Group, Inc.'s reported carbon emissions

Summit Financial Group, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a merged entity, inheriting its climate-related commitments and data from Burke & Herbert Financial Services Corp. at a cascade level of 1. Despite the lack of direct emissions data, Summit Financial Group, Inc. is part of a broader industry context that increasingly prioritises sustainability and climate action. The company has not publicly outlined specific reduction targets or initiatives, nor does it appear to have committed to the Science Based Targets initiative (SBTi) or other recognised climate pledges. As the financial sector continues to evolve towards greater environmental responsibility, Summit Financial Group, Inc. may benefit from aligning its strategies with industry standards and setting measurable targets to enhance its climate commitments in the future.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Summit Financial Group, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Summit Financial Group, Inc. is in US, which has a low grid carbon intensity relative to other regions.

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.

Summit Financial Group, 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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