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 39 is higher than 59% 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 Scope 1 emissions of about 121,000 kg CO2e, primarily from mobile combustion and fugitive emissions, and Scope 2 emissions of approximately 3,972,000 kg CO2e from purchased electricity. Additionally, the bank's Scope 3 emissions totalled around 1,814,000 kg CO2e, with significant contributions from business travel and employee commuting. Comparatively, in 2022, the bank's total emissions were about 5,913,000 kg CO2e, indicating a slight increase in emissions year-on-year. The Scope 1 and 2 emissions combined were approximately 4,106,000 kg CO2e in 2022, showing a marginal reduction from 2021's total of about 4,252,000 kg CO2e. American Savings Bank has committed to achieving carbon neutrality for its operations and supply chain by 2030, with a target to reduce its greenhouse gas emissions by at least 50% from a 2022 baseline. This commitment reflects the bank's alignment with industry standards and climate strategies, although specific Science-Based Targets Initiative (SBTi) targets have not been disclosed. Overall, American Savings Bank is actively working towards significant emissions reductions while addressing its carbon footprint across all scopes of emissions.
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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.
Top Scope 3 Categories
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.
