United Financial Bancorp, Inc. Sustainability Profile
United Financial Bancorp, Inc., often referred to as United Financial, is a prominent financial institution headquartered in the United States. Established in 2000, the company has made significant strides in the banking sector, primarily serving the New England region. United Financial operates within the banking industry, focusing on retail and commercial banking services, including savings accounts, loans, and mortgage products. What sets United Financial apart is its commitment to personalised customer service and community engagement, fostering strong relationships with clients. Over the years, the company has achieved notable milestones, including consistent growth in assets and a solid market position within its operational areas. With a reputation for reliability and innovation, United Financial Bancorp continues to be a trusted partner for individuals and businesses seeking comprehensive financial solutions.
DitchCarbon Score
How does United Financial 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 Services Auxiliary to 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
United Financial Bancorp, Inc.'s score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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United Financial Bancorp, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is part of a corporate family that includes M&T Bank Corporation, from which it inherits emissions data and climate commitments. However, no specific reduction targets or initiatives have been documented for United Financial Bancorp, Inc. As a merged entity, the climate commitments and performance metrics may reflect those of M&T Bank Corporation, but specific details regarding emissions or reduction targets have not been disclosed. The lack of reported emissions data suggests that United Financial Bancorp, Inc. may still be in the process of establishing its own climate strategy or may rely on the broader initiatives of its parent company. In the context of the financial services industry, it is increasingly important for organisations to set measurable climate targets and report on emissions to align with global sustainability goals. Without specific data or commitments, it remains unclear how United Financial Bancorp, Inc. is addressing its carbon footprint or contributing to climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 35,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,992,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,345,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is United Financial Bancorp, Inc.'s Industry?
How Carbon Intensive is United Financial Bancorp, Inc.'s Location?
United Financial Bancorp, Inc.'s Scope 3 Categories Breakdown
United Financial Bancorp, Inc.'s Scope 3 emissions, which increased by 60% last year and increased by approximately 125% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 12% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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United Financial 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.
United Financial 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.
