Apple Financial Holdings, Inc., commonly known as Apple Bank, is a prominent financial institution headquartered in the United States. Established in 1863, the bank has a rich history and has evolved to serve a diverse clientele across major operational regions, including New York and New Jersey. Operating within the banking and financial services industry, Apple Bank offers a range of core products and services, including personal and business banking, mortgages, and investment solutions. What sets Apple Bank apart is its commitment to customer service and community engagement, fostering long-term relationships with clients. With a strong market position, Apple Financial Holdings has achieved notable milestones, including consistent growth in assets and a reputation for financial stability. The bank continues to innovate, ensuring it meets the evolving needs of its customers while maintaining a focus on community development.
How does Apple Financial Holdings, Inc.'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.
Mean score of companies in the 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.
Apple Financial Holdings, Inc.'s score of 13 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Apple Financial Holdings, Inc. reported total carbon emissions of approximately 20,600,000,000 kg CO2e. This figure reflects a decrease from 2021, when emissions were about 23,200,000,000 kg CO2e, and from 2020, which saw emissions of approximately 22,600,000,000 kg CO2e. Over the past several years, emissions have shown a downward trend, with 2019 emissions at about 25,100,000,000 kg CO2e and 2018 at approximately 25,200,000,000 kg CO2e. Apple Financial Holdings has set ambitious climate commitments, aiming for a 75% reduction in emissions across its entire value chain by 2030, compared to 2015 levels. This commitment encompasses all scopes of emissions and is part of a broader strategy to achieve carbon neutrality. Additionally, the company has established a long-term goal of reducing emissions by 90% by 2050. These targets are aligned with the latest climate science and are intended to be achieved through various initiatives, including product design improvements, energy efficiency enhancements, and the adoption of renewable energy sources. The emissions data and reduction targets are not cascaded from a parent company, indicating that they are independently reported by Apple Financial Holdings, Inc.
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.
Apple Financial Holdings, Inc. 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.