Umpqua Holdings
Umpqua Holdings Corporation, commonly known as Umpqua Bank, is a prominent financial institution headquartered in the United States. Founded in 1953, Umpqua has established itself as a leader in the banking industry, primarily serving the Pacific Northwest and California. The bank offers a diverse range of services, including personal and business banking, wealth management, and mortgage solutions, distinguished by its commitment to customer service and community engagement. With a focus on innovation, Umpqua Bank has achieved notable milestones, such as being recognised for its unique branch designs and customer-centric approach. The bank's market position is strengthened by its extensive network of branches and ATMs, making it a trusted choice for individuals and businesses alike. Umpqua's dedication to fostering relationships and enhancing financial well-being sets it apart in a competitive landscape.
DitchCarbon Score
How does Umpqua Holdings'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
Umpqua Holdings's score of 38 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Umpqua Holdings's reported carbon emissions
In 2023, Umpqua Holdings reported total carbon emissions of approximately 22,000,000 kg CO2e, comprising 5,573,000 kg CO2e from Scope 1, 9,712,000 kg CO2e from Scope 2, and 7,080,000 kg CO2e from Scope 3 emissions. This marks a notable increase in emissions compared to 2022, where total emissions were about 18,000,000 kg CO2e, with Scope 1 at 4,892,000 kg CO2e, Scope 2 at 11,715,000 kg CO2e, and Scope 3 at 1,975,000 kg CO2e. Over the past few years, Umpqua Holdings has demonstrated a commitment to addressing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has consistently reported emissions across all three scopes, indicating a comprehensive approach to tracking its environmental impact. In 2021, total emissions were reported at approximately 16,249,000 kg CO2e, with Scope 1 emissions at 4,608,000 kg CO2e and Scope 2 emissions at 10,644,000 kg CO2e. The trend shows fluctuations in emissions, highlighting the challenges faced in achieving consistent reductions. Umpqua Holdings has not set specific science-based targets or climate pledges, which may limit its ability to effectively communicate its long-term climate strategy. As the financial sector increasingly prioritises sustainability, Umpqua Holdings may benefit from establishing clear reduction goals to align with industry standards and stakeholder expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 5,006,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,416,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 3,516,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Umpqua Holdings 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.
