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 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Forbright Bank's reported carbon emissions
In 2024, Forbright Bank reported total carbon emissions of approximately 4,371,000 kg CO2e, a significant decrease from about 6,168,000 kg CO2e in 2023. The emissions breakdown for 2024 includes approximately 87,000 kg CO2e from Scope 2 (purchased electricity) and about 4,243,000 kg CO2e from Scope 3 emissions. This reduction reflects a commitment to sustainability and a proactive approach to managing their carbon footprint. Forbright Bank has set ambitious long-term climate commitments, aiming for $3 billion in sustainable originations by 2030. This initiative is part of their broader strategy to achieve net-zero emissions across all scopes. The bank's efforts are aligned with industry standards for climate action, focusing on reducing emissions and promoting sustainable practices. The bank has consistently disclosed emissions data for Scope 2 and Scope 3, demonstrating transparency in their environmental impact. Their emissions intensity metrics indicate a commitment to improving efficiency and reducing overall carbon output per unit of revenue and employee. Overall, Forbright Bank's ongoing efforts and clear reduction targets position them as a responsible player in the financial sector, dedicated to addressing climate change and fostering a sustainable future.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 79,000 | 000,000 | 00,000 | 00,000 |
| Scope 3 | 268,000 | 0,000,000 | 0,000,000 | 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 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.
