Webster Financial Corporation Sustainability Profile
Webster Financial Corporation, commonly known as Webster Bank, is a prominent financial institution headquartered in the United States. Established in 1935, the company has grown to serve a diverse clientele across Connecticut, Massachusetts, and Rhode Island, solidifying its presence in the New England region. Operating within the banking and financial services industry, Webster 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 strong market position, Webster Financial Corporation has achieved notable milestones, including recognition for its community involvement and sustainable banking practices, reinforcing its reputation as a trusted partner in financial growth and stability.
DitchCarbon Score
How does Webster Financial Corporation'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 Corporation's score of 25 is lower than 67% 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 Corporation's reported carbon emissions
In 2024, Webster Financial Corporation reported total carbon emissions of approximately 3,846,190 kg CO2e for Scope 1 and about 7,089,950 kg CO2e for Scope 2 (market-based), resulting in a combined total of around 10,936,140 kg CO2e for both scopes. In 2023, the corporation's emissions were slightly lower, with Scope 1 emissions at about 3,510,570 kg CO2e and Scope 2 emissions (market-based) at approximately 8,849,460 kg CO2e, leading to a total of around 12,360,030 kg CO2e. Webster Financial Corporation has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The absence of reduction targets suggests a need for further commitment to climate action within the financial sector. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, while Webster Financial Corporation has made strides in tracking its carbon footprint, the lack of defined reduction strategies highlights an opportunity for enhanced climate commitments in the future.
How Carbon Intensive is Webster Financial Corporation's Industry?
How Carbon Intensive is Webster Financial Corporation's Location?
Webster Financial Corporation'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 Corporation 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.
