In 2022, we completed our first greenhouse gas (GHG) inventory for the years 2019-2021. The inventory followed requirements defined by the World Resources Institute’s Greenhouse Gas Protocol, the most widely used and respected international standard for measuring, managing, and reporting GHG emissions.
Every day Cambridge Trust works to strengthen existing connections and create meaningful new ones as well.
Cambridge Trust is a community-based financial institution. Where we work is also where we live. As a member of the Massachusetts and New Hampshire communities, we acknowledge our role and responsibility in reducing the impacts of our own operations and facilities.
Scope 1 + Scope 2 Emissions | Units | 2019 | 2020 | 2021 |
| Total scope 1 | Metric tons CO2e | 256 | 407 | 438 |
Total scope 2 (location-based) | Metric tons CO2e | 320 | 299 | 305 |
Total scope 2 (market-based) | Metric tons CO2e | 313 | 292 | 298 |
Business commuting and travel are also an important element of our reduction efforts and are upstream activities that we have the ability to control or influence to a greater extent than other Scope 3 categories. As we advance along our own sustainability journey, we will be working to better understand the methodologies for measuring and reporting additional Scope 3 emissions associated with our broader value chain, including financed emissions.
Scope 3 Emissions | Units | 2019 | 2020 | 2021 |
| Business Travel | Metric tons CO2e | 64 | 17 | 26 |
Employee Commuting | Metric tons CO2e | 4,512 | 2,411 | 666 |
Through our corporate and industrial lending, we currently finance climate adaptation and resilience projects, including renewable energy developments. Our Sustainable Investing offering also allows wealth management clients to achieve their financial goals by incorporating environmental, social, and governance criteria to identify sustainable companies for investment while avoiding those most responsible and exposed to the risks associated with climate change.
