Unity Bancorp, Inc.
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 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Unity Bancorp, Inc.'s reported carbon emissions
In 2023, Unity Bancorp, Inc. reported total carbon emissions of approximately 3,000,000 kg CO2e. This figure includes 2,349,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 162,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions totalled 952,000 kg CO2e, with significant contributions from investments (1,114,000 kg CO2e) and business travel (904,000 kg CO2e). Comparatively, in 2022, the company reported significantly higher Scope 1 emissions of 693,636,000 kg CO2e, alongside 127,000 kg CO2e from Scope 2 emissions. Notably, there were no reported Scope 3 emissions for that year. This indicates a substantial reduction in Scope 1 emissions from 2022 to 2023. 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 does not appear to inherit emissions data from a parent organisation, maintaining a standalone approach to its climate commitments. Overall, while Unity Bancorp, Inc. has made strides in reducing its emissions, particularly in Scope 1, the lack of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 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 |
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.
Unity Bancorp, Inc. 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.
