Umpqua Holdings Sustainability Profile
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 32 is higher than 52% 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 2022, Umpqua Holdings reported total carbon emissions of approximately 18,582,000 kg CO2e. This figure includes Scope 1 emissions of about 4,892,000 kg CO2e, Scope 2 emissions of approximately 11,715,000 kg CO2e, and Scope 3 emissions related to business travel amounting to about 1,975,000 kg CO2e. Comparatively, in 2021, the total emissions were approximately 16,239,000 kg CO2e, with Scope 1 at about 4,608,000 kg CO2e, Scope 2 at approximately 10,644,000 kg CO2e, and Scope 3 at around 987,000 kg CO2e. This indicates a rise in emissions from 2021 to 2022. Umpqua Holdings has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The emissions data is not cascaded from any parent company, indicating that Umpqua Holdings operates independently in this regard. Overall, Umpqua Holdings is actively monitoring its carbon footprint, but further commitments and reduction strategies may be necessary to align with industry standards for climate action.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 5,006,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,416,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,516,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Umpqua Holdings's Industry?
How Carbon Intensive is Umpqua Holdings's Location?
Umpqua Holdings's Scope 3 Categories Breakdown
Umpqua Holdings's Scope 3 emissions, which increased by 100% last year and decreased by approximately 44% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Umpqua Holdings'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.
Umpqua Holdings 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.
