- Limited climate exposure, but potential for transition risks in high climate risk-sensitive industries
- Need to further develop a comprehensive GHG emissions inventory and reduction targets
Webster Financial Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Webster Financial Corporation disclosed greenhouse gas emissions of 11.2K MT CO2e. By scope: Scope 1: 3.7K MT CO2e; Scope 2: 7.5K MT CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
11.2K MT CO2e
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.7K MT CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.5K MT CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 11.2K MT CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Retrofitted 26 branches with energy-efficient lighting fixtures, with an estimated annual energy savings of 690,029 kWh
- Increased the use of e-records and e-signing technology resulting in reductions in paper waste and carbon emissions
- Diverted 3,228 devices and 16,828 pounds of miscellaneous electronics to e-Waste disposal
- Created or maintained commitments for approximately $757.7 million in loans for renewable energy, environmental remediation and energy-efficient components
🎯 Climate & Sustainability Targets
🔜 Short-term
- Expand Supplier Diversity program
- Create a multicultural campaign to engage with more communities
📅 Medium-term
- Announce three new Finance Labs, expanding this signature initiative for a total of nine programs across its footprint
🌱 ESG Focus Areas
Community InvestmentEconomic VitalityValuing Our PeopleEnvironmental SustainabilityResponsible Governance