Sun Bancorp, Inc. Sustainability Profile
Sun Bancorp, Inc., a prominent financial institution headquartered in the United States, has established itself as a key player in the banking industry since its founding in 2003. With a strong presence in New Jersey and surrounding regions, the company focuses on providing a diverse range of banking services, including commercial and retail banking, mortgage lending, and wealth management. Sun Bancorp is recognised for its commitment to customer service and innovative financial solutions tailored to meet the needs of individuals and businesses alike. The company has achieved significant milestones, including strategic acquisitions that have expanded its market reach and enhanced its service offerings. With a solid reputation and a growing portfolio, Sun Bancorp continues to strengthen its position in the competitive financial landscape.
DitchCarbon Score
How does Sun Bancorp, 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
Sun Bancorp, Inc.'s score of 25 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sun Bancorp, Inc.'s reported carbon emissions
Sun Bancorp, Inc., headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The company is a merged entity, and its climate commitments and emissions data may be influenced by its relationship with OceanFirst Financial Corp., from which it inherits certain sustainability initiatives. As of now, Sun Bancorp, Inc. has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the broader context, financial institutions are increasingly recognising the importance of addressing climate change and are expected to adopt more robust sustainability practices. As Sun Bancorp, Inc. continues to evolve, it may look to align its operations with industry standards and best practices in carbon management and climate commitments.
How Carbon Intensive is Sun Bancorp, Inc.'s Industry?
How Carbon Intensive is Sun Bancorp, Inc.'s Location?
Sun Bancorp, 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.
Sun Bancorp, Inc. 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.
