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

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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.

Due to initiatives already underway, we measured an 11 percent reduction in Scope 1 and 2 emissions per employee from 2019-2021. We are pleased that our negative impacts have decreased while growing our workforce and operational footprint but remain committed to formalizing our approach and identifying opportunities for improvement.

11%
REDUCTION IN
SCOPE 1 AND 2
COMPANY EMISSIONS
PER EMPLOYEE

OVERALL
REDUCTION IN

SCOPE 2
COMPANY EMISSIONS

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

Facilitating Impact Beyond Cambridge Trust

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.