GlobalData offers a comprehensive analysis of Pacific Premier Bancorp, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Pacific Premier Bancorp‘s ESG performance. GlobalData’s company profile on Pacific Premier Bancorp offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Pacific Premier Bancorp, a US-based bank, is working to incorporate environmental sustainability throughout its operations, products, services, and culture to drive efficiencies and promote sensible use of resources while creating safe and healthy workplaces. Pacific Premier Bancorp's latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times.
The bank has identified several climate-related risks and opportunities over the short, medium, and long term and is working to integrate processes for identifying, assessing, and managing climate-related risks into its overall risk management. Pacific Premier Bancorp has disclosed its Scope 1 and Scope 2 greenhouse gas emissions and related risks, and has set short-term and long-term strategies to reduce its emissions. In 2021, the company reported Scope 1 emissions (market-based) at 526 mtCO2e and Scope 2 emissions (market-based) at 1,713 mtCO2e.
The bank has already taken steps to reduce its carbon footprint, including installing solar panels, purchasing natural gas trucks, and investing in sustainable communities. Pacific Premier Bancorp has also created the Premier Green Impact Program to educate employees about sustainability and reduce the bank's environmental footprint. Within the next few years, the bank aims to meet a significant part of its electrical needs from renewable resources.
Pacific Premier Bancorp is actively monitoring the channels through which climate-related risk will be identified, evaluated, and mitigated, and is assessing and managing its exposure to climate-related risks. The bank's borrowers are also susceptible to risks arising from the transition to a low-carbon economy, including policy changes, energy costs, and shifts in market and customer sentiment.
In addition, the bank encourages the reduction of carbon emissions by promoting the availability of electric vehicle charging stations at its facilities. As of its latest ESG report, it has 100 electric vehicle charging stations available to clients and employees at its branch locations and corporate offices.
In conclusion, Pacific Premier Bancorp encourages conservation and recycling in the communities, along with other strategies to reduce its carbon footprint by offering paperless statements and digital banking services to its clients. To further encourage its employees to engage in a culture of sustainability outside the office, it offers a company-wide Transit Commuter Benefit, which can help employees reduce commute stress, cut commute cost, and minimize their contribution to traffic congestion and local air pollution.