American Savings Bank Sustainability Profile
American Savings Bank, a prominent financial institution headquartered in the United States, has been serving customers since its founding in 1925. With a strong presence in Hawaii and the Pacific region, the bank operates within the banking industry, focusing on personal and commercial banking services. American Savings Bank offers a diverse range of core products, including savings accounts, loans, and investment services, distinguished by their commitment to customer service and community involvement. The bank has achieved notable milestones, such as being recognised for its innovative digital banking solutions, which enhance customer convenience. As a trusted financial partner, American Savings Bank continues to solidify its market position through a dedication to sustainable practices and community support, making it a key player in the regional banking landscape.
DitchCarbon Score
How does American Savings Bank'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
American Savings Bank's score of 33 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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American Savings Bank's reported carbon emissions
In 2023, American Savings Bank reported total carbon emissions of approximately 5,922,000 kg CO2e. This figure includes 121,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 3,972,000 kg CO2e from Scope 2 emissions, primarily from purchased electricity. Additionally, the bank's Scope 3 emissions, which cover indirect emissions from the value chain, amounted to about 1,814,000 kg CO2e, with significant contributions from employee commuting (approximately 1,498,000 kg CO2e) and business travel (316,000 kg CO2e). Comparatively, in 2022, total emissions were slightly lower at about 5,913,000 kg CO2e, indicating a marginal increase in emissions year-on-year. The bank's Scope 1 and 2 emissions combined totalled approximately 4,108,000 kg CO2e in 2023, reflecting a consistent trend in energy consumption and operational emissions. Despite these figures, American Savings Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of SBTi (Science Based Targets initiative) reduction targets or documented climate pledges. This lack of formal commitments suggests that while the bank is tracking its emissions, it may not yet be actively pursuing aggressive climate action strategies. Overall, American Savings Bank's emissions data highlights the importance of addressing both direct and indirect emissions as part of a comprehensive climate strategy, particularly in the context of increasing regulatory and societal pressures for financial institutions to demonstrate environmental responsibility.
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| 2015 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 49,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 5,028,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,158,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is American Savings Bank's Industry?
How Carbon Intensive is American Savings Bank's Location?
American Savings Bank's Scope 3 Categories Breakdown
American Savings Bank's Scope 3 emissions, which increased by 4% last year and decreased by approximately 16% since 2015, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 83% of Scope 3 emissions.
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American Savings Bank'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.
American Savings Bank 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.
