Unity Bancorp, Inc. Sustainability Profile
Unity Bancorp, Inc., commonly known as Unity Bank, is a prominent financial institution headquartered in the United States. Established in 1991, the bank has grown to serve various regions, primarily focusing on New Jersey and Pennsylvania. Operating within the banking industry, Unity Bank offers a range of services, including personal and business banking, loans, and investment solutions, distinguished by its commitment to customer service and community engagement. Unity Bank has achieved notable milestones, including consistent growth in assets and a strong market presence. Its core products, such as competitive mortgage options and tailored business solutions, set it apart in a crowded marketplace. With a focus on innovation and customer satisfaction, Unity Bancorp, Inc. continues to solidify its position as a trusted financial partner in the communities it serves.
DitchCarbon Score
How does Unity 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
Unity Bancorp, Inc.'s score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Unity Bancorp, Inc.'s reported carbon emissions
In 2023, Unity Bancorp, Inc. reported total carbon emissions of approximately 3,900,000 kg CO2e. This total comprises 2,349,000 kg CO2e from Scope 1 emissions, 162,000 kg CO2e from Scope 2 emissions, and 952,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions include significant contributions from investments (1,114,000 kg CO2e) and business travel (904,000 kg CO2e). Comparatively, in 2022, the company recorded total emissions of approximately 693,763,000 kg CO2e, with Scope 1 emissions at 693,636,000 kg CO2e and Scope 2 emissions at 127,000 kg CO2e. There were no reported Scope 3 emissions for that year. Despite these figures, Unity Bancorp, Inc. has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company has not publicly committed to any climate pledges, which places it in a context where many financial institutions are increasingly focusing on sustainability and carbon reduction strategies. Overall, while Unity Bancorp, Inc. has made strides in reporting its emissions, the lack of defined reduction targets highlights an area for potential growth in its climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 535,838,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 2 | 149,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - | 000,000 |
How Carbon Intensive is Unity Bancorp, Inc.'s Industry?
How Carbon Intensive is Unity Bancorp, Inc.'s Location?
Unity Bancorp, Inc.'s Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 117% of Scope 3 emissions.
Top Scope 3 Categories
Unity 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.
Unity 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.
CapStar Financial Holdings, Inc.
Valley National Bank
Atlantic Capital Bancshares, Inc.
Private Bancorp of America, Inc.
Sandy Spring Bank
Let us know if this data was useful to you
Usage Policy
You're welcome to quote or reference data from this page, but please include a visible link back to this URL.
Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.