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 57% 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. Notably, there is no data available for Scope 3 emissions. To address its carbon footprint, Webster Financial has committed to significant reduction initiatives. The company has partnered with Green-e to invest in projects aimed at mitigating emissions from its operations, with a focus on both Scope 1 and Scope 2 emissions. This initiative is set to run from December 2022 through December 2026, although specific reduction percentages have not been disclosed. Webster Financial's emissions data is cascaded from its subsidiary, Webster Bank, N.A., which is part of the corporate family relationship under Webster Financial Corporation. This cascading ensures that the emissions data reflects the broader operational impact of the organisation. Overall, Webster Financial is actively working towards its climate commitments, demonstrating a proactive approach to reducing 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.
