Public Profile

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.

36

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.

26

Industry Benchmark

Unity Bancorp, Inc.'s score of 36 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.

87%

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Unity Bancorp, Inc.'s reported carbon emissions

In 2023, Unity Bancorp, Inc. reported total carbon emissions of approximately 2,349,000 kg CO2e for Scope 1, 162,000 kg CO2e for Scope 2, and 952,000 kg CO2e for Scope 3 emissions. This marks a significant reduction in Scope 1 emissions compared to previous years, where emissions were 693,636,000 kg CO2e in 2022, 623,441,000 kg CO2e in 2021, 563,351,000 kg CO2e in 2020, and 535,838,000 kg CO2e in 2019. Despite these reductions, Unity Bancorp has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company’s emissions profile shows a notable shift towards lower emissions, particularly in Scope 1, which reflects their ongoing efforts to enhance sustainability practices. Overall, Unity Bancorp's commitment to reducing carbon emissions is evident, but further initiatives and targets could strengthen their climate strategy and align with industry standards for sustainability.

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20192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Unity Bancorp, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Unity Bancorp, Inc. is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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