Greenhouse Gas Protocol

 

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.

 

With a clear understanding of our emissions, we can build on our already strong position to help us focus our reduction efforts, improve management of our facilities, and seek opportunities to mitigate the risks climate change presents to our customers, our financial partners, and to our people.


What are GHG emissions scopes?

​Scope 1: direct emissions from owned or controlled sources
Scope 2: indirect emissions from the generation of purchased energy, steam, heat or cooling 
Scope 3: all indirect emissions (not included in scope 2) that occur in the value chain, upstream and downstream

 

 Download the Impact Report


Every day Cambridge Trust works to strengthen existing connections and create meaningful new ones as well.

 


Learn More About Our Community Involvement

Reducing our Carbon Footprint

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.

callout-media


In 2023, we are developing energy
and resource management plans for
our facilities. We have already made
reductions across the bank.
 
11%
REDUCTION IN
SCOPE 1 AND 2
COMPANY EMISSIONS
PER EMPLOYEE

5%
OVERALL
REDUCTION IN
SCOPE 2
COMPANY EMISSIONS
 
  In 2022 and 2023 we will work to establish practical and achievable time-bound reduction targets using a 2019 baseline. Using insights from our inaugural GHG inventory, we will also begin conducting energy audits at facilities identified as significant scope 1 and 2 emissions sources.
 
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

How we help our people commute and travel on behalf of our business is also an important element of our reduction efforts. 
 
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
 

 

 

 

 

 

Beyond Cambridge Trust

As a financial institution, we are in a unique position to facilitate the transition toward a lower-carbon economy. 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.