The Bank of Yokohama, Ltd. Sustainability Profile
The Bank of Yokohama, Ltd., commonly referred to as Yokohama Bank, is a prominent financial institution headquartered in Yokohama, Japan. Established in 1920, it has grown to become a key player in the banking industry, primarily serving the Kanagawa Prefecture and surrounding regions. The bank offers a comprehensive range of services, including retail banking, corporate finance, and asset management, distinguished by its commitment to customer service and local community engagement. With a strong market position, The Bank of Yokohama has achieved notable milestones, including its listing on the Tokyo Stock Exchange. Its innovative financial products and tailored solutions cater to both individual and corporate clients, making it a trusted partner in the region's economic development. As a leading regional bank, it continues to adapt to the evolving financial landscape while maintaining its core values of integrity and reliability.
DitchCarbon Score
How does The Bank of Yokohama, Ltd.'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
The Bank of Yokohama, Ltd.'s score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Bank of Yokohama, Ltd., headquartered in Japan (JP), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of Concordia Financial Group, Ltd., which may influence its climate-related performance metrics. As of now, The Bank of Yokohama, Ltd. has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets suggests that the bank is still in the early stages of formalising its climate strategy. In the context of the financial industry, it is increasingly important for institutions like The Bank of Yokohama to develop and communicate clear climate commitments and reduction initiatives to align with global sustainability goals. The absence of reported emissions data and reduction targets highlights an opportunity for the bank to enhance its environmental accountability and contribute to broader climate action efforts.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 912,000 | 000,000 | 000,000 |
| Scope 2 | 20,345,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 95,853,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is The Bank of Yokohama, Ltd.'s Industry?
How Carbon Intensive is The Bank of Yokohama, Ltd.'s Location?
The Bank of Yokohama, Ltd.'s Scope 3 Categories Breakdown
The Bank of Yokohama, Ltd.'s Scope 3 emissions, which decreased by 15% last year and decreased by approximately 15% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 59% of Scope 3 emissions.
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The Bank of Yokohama, Ltd.'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.
The Bank of Yokohama, Ltd. 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.
