Webster Financial Corporation
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 62% 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 documented reduction targets suggests a need for further commitment to climate action. 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 reduction commitments highlights an opportunity for enhanced climate strategies moving forward.
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 Corporation 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.
