OceanFirst Financial CorpOceanFirst Financial Corp - ESG Rating & Company Profile powered by AI

Industry Group:Banks

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OceanFirst Financial Corp in the Banks industry gained a UN SDG ESG Transparency Score of 5.5; made up of an environmental score of 4.0, social score of 5.7 and governance score of 6.7.

SDG Transparency Score for OceanFirst Financial Corp 
Low
0 - 3

5.5

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2024-05-01
What drives the score for OceanFirst Financial Corp 
4.0

Environmental

5.7

Social

6.7

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
2UniCredit Bank AG
9.0
High
675United Commercial Bank Ltd
5.6
High
675Operadora de Servicios Mega S.A. de C.V. SOFOM E.R.
5.6
High
687OceanFirst Financial Corp
5.5
High
687Caisse Regionale de Credit Agricole Mutuel Brie Picardie
5.5
High
687Caisse regionale de Credit Agricole Mutuel de Paris et d Ile de France
5.5
High
.........
1885sakartvelos bank'i ss
0.0
Low
1885AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does OceanFirst Financial Corp have an accelerator or VC vehicle to help deliver innovation?

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Does OceanFirst Financial Corp disclose current and historical energy intensity?

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Does OceanFirst Financial Corp reference operational or capital allocation in relation to climate change?

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Does OceanFirst Financial Corp disclose its ethnicity pay gap?

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Does OceanFirst Financial Corp disclose cybersecurity risks?

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Does OceanFirst Financial Corp offer flexible work?

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Does OceanFirst Financial Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does OceanFirst Financial Corp disclose the number of employees in R&D functions?

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Does OceanFirst Financial Corp conduct supply chain audits?

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Does OceanFirst Financial Corp disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does OceanFirst Financial Corp conduct 360 degree staff reviews?

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Does OceanFirst Financial Corp disclose the individual responsible for D&I?

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Does OceanFirst Financial Corp disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does OceanFirst Financial Corp disclose current and / or historical scope 2 emissions?

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Does OceanFirst Financial Corp have careers partnerships with academic institutions?

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Did OceanFirst Financial Corp have a product recall in the last two years?

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Does OceanFirst Financial Corp disclose incidents of discrimination?

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Has OceanFirst Financial Corp issued a profit warning in the past 24 months?

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Does OceanFirst Financial Corp disclose climate scenario or pathway analysis?

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Does OceanFirst Financial Corp disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does OceanFirst Financial Corp disclose the pay ratio of women to men?

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Does OceanFirst Financial Corp support suppliers with sustainability related research and development?

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Does OceanFirst Financial Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does OceanFirst Financial Corp reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is OceanFirst Financial Corp involved in embryonic stem cell research?

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Does OceanFirst Financial Corp disclose GHG and Air Emissions intensity?

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Does OceanFirst Financial Corp disclose its waste policy?

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Does OceanFirst Financial Corp report according to TCFD requirements?

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Does OceanFirst Financial Corp disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does OceanFirst Financial Corp disclose energy use targets?

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Does OceanFirst Financial Corp disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does OceanFirst Financial Corp have a policy relating to cyber security?

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Potential Risks for OceanFirst Financial Corp
These potential risks are based on the size, segment and geographies of the company.

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.

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