PacWest, a financial institution, is committed to reduce Greenhouse Gas Emissions (GHG) as part of its commitment to sustainable development. The company is actively working towards reducing its carbon and greenhouse gas (GHG) emissions. In 2022, the company recorded a total of 6,013 metric tons of CO2 equivalent for Scope 1 and 2 emissions, marking an 18% increase compared to the emissions reported in 2021. Of this, Scope 1 emissions amounted to 2,263 MTCO2e while Scope 2 emissions (market-based, electricity) amouted to 2,822 MTCO2e.

The company has taken steps to reduce its environmental impact. It has made lending commitments of $124 million to construct solar energy facilities in Georgia, demonstrating its commitment to affordable and clean energy. Additionally, PacWest has implemented recycling programs and increased its use of digital technologies to reduce paper usage. The company is focused on responsible consumption and production, as well as climate action. It partners with organizations that share its vision of a sustainable and equitable world. PacWest also prioritizes the safety and security of its customers' personal information, ensuring that 100% of shredded material is safely and securely recycled. PacWest's efforts align with the United Nations' Sustainable Development Goals, particularly Goal 7 on affordable and clean energy.

In conclusion, PacWest demonstrates a strong commitment to sustainable practices, actively reducing its carbon footprint and advancing towards environmental stewardship. Through initiatives like financing solar energy facilities, implementing recycling programs, and emphasizing digital technologies, PacWest aligns its efforts with the UN's Sustainable Development Goals. The company's dedication to responsible consumption, climate action, and partnerships for a sustainable world reflects its commitment to fostering a more environmentally conscious and equitable future.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.