Webster Financial
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 31 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Webster Financial's reported carbon emissions
In 2023, Webster Financial reported total carbon emissions of approximately 11,170,300 kg CO2e. This figure includes about 3,656,200 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and about 7,514,100 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Webster Financial has committed to achieving net-zero emissions for both Scope 1 and Scope 2 by investing in projects through a partnership with Green-e. This initiative aims to address their operational emissions from December 2022 through December 2026. While specific reduction percentages have not been disclosed, the commitment reflects a proactive approach to climate responsibility. The company has not reported any Scope 3 emissions data, which typically includes indirect emissions from the value chain. However, their focus on reducing Scope 1 and 2 emissions demonstrates a significant step towards sustainability and climate action within the financial sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,656,200 | 0,000,000 |
| Scope 2 | 7,514,100 | 0,000,000 |
| Scope 3 | - | - |
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.
Webster Financial 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.
