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 53% 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, comprising 3,656,200 kg CO2e from Scope 1 and 7,514,100 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Webster Financial is committed to achieving net-zero emissions for both Scope 1 and Scope 2 by investing in projects through a partnership with Green-e, targeting emissions from December 2022 through December 2026. While specific reduction percentages have not been detailed, these initiatives reflect the company's proactive approach to addressing its operational carbon footprint. The emissions data is cascaded from its parent organization, Webster Bank, N.A., and is part of a broader commitment to sustainability within the financial services sector. As a current subsidiary, Webster Financial aligns its climate strategies with industry standards, aiming to enhance transparency and accountability in its environmental impact.
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| 2023 | |
|---|---|
| Scope 1 | 3,656,200 |
| Scope 2 | 7,514,100 |
| 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.
