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 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 from previous years, where emissions were considerably higher. For instance, in 2022, Scope 1 emissions were about 693,636,000 kg CO2e, and Scope 2 emissions were 127,000 kg CO2e. Over the years, Unity has shown a trend of decreasing Scope 1 emissions, with figures of 623,441,000 kg CO2e in 2021 and 563,351,000 kg CO2e in 2020. However, there are no specific reduction targets or climate pledges disclosed in their reports, indicating a potential area for future commitment. Unity's emissions data reflects a growing awareness of climate impact, particularly in Scope 1 and 2 emissions, while Scope 3 emissions, which include indirect emissions from investments and business travel, also contribute significantly to their overall carbon footprint. The company’s commitment to reducing its carbon emissions aligns with industry standards, although further initiatives could enhance their climate strategy.
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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 committed to any reduction initiatives 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.
