Columbia Banking System Inc

Common Name
Columbia Banking System
Country
United States
Sector
Financial Services
Industry
Banks - Regional
Employees
4,721
Ticker
COLB
Exchange
NASDAQ/NGS
Description
Columbia Banking System Inc. is a financial services company operating within the banking sector, specifically focused on providing a range of banking solutions to both individuals and businesses. Hea...

Columbia Banking System's GHG Emissions Data Preview

In 2023, Columbia Banking System completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Columbia Banking System has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Columbia Banking System’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Columbia Banking System’s data sources below and access millions more through our Disclosure Search.

a. Columbia Banking System's ESG Report 2023
a. Columbia Banking System's ESG Report 2023

Insights into Columbia Banking System's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Columbia Banking System amounted to 15,285 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Columbia Banking System decreased by 7.96%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Columbia Banking System's Scope 1 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 ktCO2e-11%+3%+6%+14%
  • Total Scope 1
  • Year-over-Year Change

What are Columbia Banking System's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Columbia Banking System were 5,573 metric tons of CO₂ equivalent (tCO₂e). a

Has Columbia Banking System reduced its Scope 1 emissions over time?

Since 2019, Columbia Banking System's Scope 1 emissions have increased by 11.33%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Columbia Banking System's Scope 1 emissions increased by 13.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Columbia Banking System's Scope 2 emissions?

In 2023, Columbia Banking System reported Scope 2 greenhouse gas (GHG) emissions of 9,712 tCO₂e using the location-based method. a

Has Columbia Banking System reduced its Scope 2 emissions over time?

Since 2019, Columbia Banking System's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 21.78%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Columbia Banking System's Scope 2 emissions (Location-Based) fell by 17.1% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Columbia Banking System use for Scope 2 reporting?

In 2023, Columbia Banking System reported its Scope 2 emissions using the location-based method. a

Columbia Banking System's Scope 2 Emissions Over Time

2019202020212022202303.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based

Insights into Columbia Banking System's Value Chain Emissions

In 2023, Columbia Banking System reported 7,080 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Columbia Banking System includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Columbia Banking System's Scope 3 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e-76%+16%+100%+258%
  • Total Scope 3
  • Year-over-Year Change

What are Columbia Banking System's Scope 3 emissions?

In 2023, Columbia Banking System reported total Scope 3 emissions of 7,080 metric tons of CO₂ equivalent (tCO₂e). a

Has Columbia Banking System reduced its Scope 3 emissions over time?

Since 2019, Columbia Banking System's Scope 3 emissions have increased by 101.37%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Columbia Banking System's Scope 3 emissions increased by 258.48%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Columbia Banking System’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Columbia Banking System reported Scope 1 greenhouse gas (GHG) emissions of 5,573 tCO₂e and total revenues of USD 1,997 millions. This translates into an emissions intensity of 2.79 tCO₂e per millions USD. a

Columbia Banking System's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)Huntington BancsharesYear: 2023Scope 1: 16,331 tCO2eRevenue: $M 7,360Scope 1 Intensity: 2.22 tCO2e/$MM&T BankYear: 2023Scope 1: 17,124 tCO2eRevenue: $M 9,398Scope 1 Intensity: 1.82 tCO2e/$MAssociated Banc-CorpYear: 2023Scope 1: 4,081 tCO2eRevenue: $M 1,097Scope 1 Intensity: 3.72 tCO2e/$MFirst HorizonYear: 2024Scope 1: 3,710 tCO2eRevenue: $M 3,096Scope 1 Intensity: 1.20 tCO2e/$MSynovus FinancialYear: 2024Scope 1: 3,240 tCO2eRevenue: $M 1,980Scope 1 Intensity: 1.64 tCO2e/$MUS BancorpYear: 2022Scope 1: 38,206 tCO2eRevenue: $M 24,184Scope 1 Intensity: 1.58 tCO2e/$MUnited BanksharesYear: 2022Scope 1: 2,838 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.73 tCO2e/$MBancorpYear: 2023Scope 1: 304 tCO2eRevenue: $M 466Scope 1 Intensity: 0.65 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MCitizens Financial GroupYear: 2023Scope 1: 8,765 tCO2eRevenue: $M 8,224Scope 1 Intensity: 1.07 tCO2e/$MTruist FinancialYear: 2024Scope 1: 13,382 tCO2eRevenue: $M 13,278Scope 1 Intensity: 1.01 tCO2e/$MAmalgamated FinancialYear: 2023Scope 1: 72 tCO2eRevenue: $M 286Scope 1 Intensity: 0.25 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MZions BancorporationYear: 2023Scope 1: 1,689 tCO2eRevenue: $M 3,115Scope 1 Intensity: 0.54 tCO2e/$MRegions FinancialYear: 2023Scope 1: 6,027 tCO2eRevenue: $M 7,574Scope 1 Intensity: 0.80 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MPacific Premier BancorpYear: 2023Scope 1: 514 tCO2eRevenue: $M 409Scope 1 Intensity: 1.26 tCO2e/$MFirst Republic BankYear: 2021Scope 1: 3,000 tCO2eRevenue: $M 4,960Scope 1 Intensity: 0.60 tCO2e/$MFlagstar FinancialYear: 2023Scope 1: 4,136 tCO2eRevenue: $M 3,633Scope 1 Intensity: 1.14 tCO2e/$MHancock WhitneyYear: 2023Scope 1: 1,338 tCO2eRevenue: $M 1,367Scope 1 Intensity: 0.98 tCO2e/$MPNC Financial Services GroupYear: 2022Scope 1: 32,100 tCO2eRevenue: $M 21,114Scope 1 Intensity: 1.52 tCO2e/$MColumbia Banking SystemYear: 2023Scope 1: 5,573 tCO2eRevenue: $M 1,997Scope 1 Intensity: 2.79 tCO2e/$M

How does Columbia Banking System's GHG emissions intensity compare to its peers?

In 2023, Columbia Banking System reported a Scope 1 emissions intensity of 2.79 tCO₂e per millions USD. Compared to the peer group median of 1.2 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Columbia Banking System rank on GHG emissions intensity within its industry?

In 2023, Columbia Banking System ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Columbia Banking System among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Columbia Banking System's Total Carbon Footprint

In 2023, Columbia Banking System reported a total carbon footprint of 22,365 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.36% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Columbia Banking System's total carbon footprint was Scope 2 emissions, accounting for 43.42% of the company's total carbon footprint, followed by Scope 3 emissions at 31.66%. a

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