Webster Financial Sustainability Profile
Webster Financial Corporation, commonly known as Webster Bank, is a prominent financial institution headquartered in Great Britain. Established in 1935, the bank has grown to serve a diverse clientele across the northeastern United States, with a strong presence in Connecticut and Massachusetts. Operating within the banking and financial services industry, Webster Bank offers a comprehensive range of products, including personal and commercial banking, wealth management, and mortgage services. What sets Webster apart is its commitment to personalised customer service and innovative financial solutions tailored to meet the unique needs of its clients. With a solid market position, Webster Financial has achieved notable milestones, including recognition for its community involvement and sustainable banking practices. As a trusted partner in financial growth, Webster Bank continues to enhance its offerings, ensuring a robust and customer-centric approach in an ever-evolving financial landscape.
DitchCarbon Score
How does Webster Financial'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
Webster Financial's score of 34 is higher than 55% 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
Webster Financial's reported carbon emissions
In 2024, Webster Financial reported total carbon emissions of approximately 104,745,000 kg CO2e, a decrease from about 110,752,000 kg CO2e in 2023. The emissions breakdown for 2024 includes about 14,163,000 kg CO2e from Scope 1 and approximately 90,583,000 kg CO2e from Scope 2. For 2023, the Scope 1 emissions were about 14,626,000 kg CO2e, while Scope 2 emissions were around 96,127,000 kg CO2e. Webster Financial has set near-term net-zero commitments for both Scope 1 and Scope 2 emissions, partnering with Green-e to invest in projects aimed at addressing these emissions from December 2022 through December 2026. The emissions data is cascaded from Webster Bank, N.A., a current subsidiary of Webster Financial Corporation, which is responsible for the reported figures. The company has not disclosed any Scope 3 emissions data or specific reduction targets from the Science Based Targets initiative (SBTi). Overall, Webster Financial is actively working towards reducing its carbon footprint and enhancing its sustainability practices in line with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2023 | |
|---|---|
| Scope 1 | 3,656,200 |
| Scope 2 | 7,514,100 |
| Scope 3 | - |
How Carbon Intensive is Webster Financial's Industry?
How Carbon Intensive is Webster Financial's Location?
Webster Financial'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.
Webster Financial 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.
