Forbright Bank
Forbright Bank, headquartered in the United States, is a prominent player in the financial services industry, specialising in sustainable financing solutions. Founded in recent years, the bank has quickly established itself as a leader in providing innovative financial products tailored to support clean energy and environmentally responsible projects. With a focus on commercial lending and investment, Forbright Bank offers unique services that cater to businesses seeking to enhance their sustainability efforts. The bank's commitment to environmental stewardship sets it apart in a competitive market, positioning it as a trusted partner for organisations aiming to make a positive impact. Notable achievements include a growing portfolio of green financing initiatives, reflecting Forbright Bank's dedication to fostering a sustainable future. As it continues to expand its operational reach across major regions in the US, Forbright Bank remains at the forefront of the green banking movement.
DitchCarbon Score
How does Forbright 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
Forbright Bank's score of 24 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Forbright Bank's reported carbon emissions
Forbright Bank's carbon emissions data reveals a significant increase in total emissions from 2021 to 2023. In 2023, the bank reported total emissions of approximately 6,051,000 kg CO2e, with Scope 1 emissions at about 30,000 kg CO2e, Scope 2 emissions at approximately 87,000 kg CO2e, and Scope 3 emissions reaching about 6,005,000 kg CO2e. Notably, the Scope 3 emissions are primarily driven by purchased goods and services, which accounted for about 4,818,000 kg CO2e. In 2022, total emissions were approximately 4,574,000 kg CO2e, with Scope 1 emissions remaining consistent at about 18,000 kg CO2e, Scope 2 emissions at approximately 79,000 kg CO2e, and Scope 3 emissions at about 268,000 kg CO2e. The 2021 figures showed total emissions of around 365,000 kg CO2e, with Scope 1 at about 18,000 kg CO2e, Scope 2 at approximately 79,100 kg CO2e, and Scope 3 at about 268,000 kg CO2e. Despite the increase in emissions, Forbright Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments and strategies to address their growing emissions profile.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 18,000 | 00,000 | 00,000 |
| Scope 2 | 79,100 | 00,000 | 00,000 |
| Scope 3 | 268,000 | 000,000 | 0,000,000 |
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.
Forbright Bank is not committed to any reduction initiatives 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.
