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OrganisationsWebster Financial Corporation
Webster Financial Corporation logo

Webster Financial Corporation

Financial IntermediationUnited States
Last verified 14 days agowebsterbank.com

Webster Financial Corporation, commonly known as Webster Bank, is a prominent player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in the United States, the company primarily operates in the New England region, providing a range of financial solutions tailored to meet the diverse needs of its clients. Founded in 1935, Webster has achieved significant milestones, including strategic expansions and innovative service offerings.

The corporation's core products encompass commercial banking, consumer banking, and wealth management services, distinguished by a commitment to personalised customer service and community engagement. With a strong market position, Webster Financial Corporation has garnered recognition for its robust financial performance and dedication to sustainable practices, making it a trusted partner for individuals and businesses alike in their financial journeys.

28
DitchCarbon score

-7 vs industry average

Webster Financial Corporation’s score of 28 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2026

00.0M00.0M0.0M0.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Webster Financial Corporation's reported carbon emissions

Webster Financial Corporation, operating in financial intermediation services in the US, reported total combined Scope 1 and Scope 2 emissions of approximately 11.17 million kg CO2e for the year 2023. The company's Scope 1 emissions for 2023 were about 3.66 million kg CO2e, and Scope 2 emissions totalled approximately 7.51 million kg CO2e. Webster Financial Corporation has set near-term climate neutrality goals for its Scope 1 and Scope 2 emissions. Through a partnership with Green-e, the company has invested in projects to address its operational emissions, with efforts covering the period from December 2022 through December 2026. Scope 3 emissions data for 2023 is not yet available, with missing data points including purchased goods and services.

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Webster Financial Corporation’s Climate Goals (2030 & 2050)

2 goals

2026

We partnered with Green-e to invest in these projects to add…

We partnered with Green-e to invest in these projects to address our emissions from our operations for December 2022 through December 2026.

Insufficient data0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

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14 days ago
28
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