Provident Financial Services, Inc.
Industry Group: Banks
Country/Region: United States of America
Identifier: NYS:PFS
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The Company’s operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Banks 802 out of 1052
Universe
Global Universe 11367 out of 16216
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Federal Agricultural Mortgage Corp. |
25.4
Medium
|
490 out of 1052 |
Rocket Cos., Inc. |
25.6
Medium
|
499 out of 1052 |
Aavas Financiers Ltd. |
26.2
Medium
|
531 out of 1052 |
Provident Financial Services, Inc. |
29.8
Medium
|
802 out of 1052 |
Merchants Bancorp (Indiana) |
33.1
High
|
981 out of 1052 |
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Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Provident Financial Services, Inc.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Provident Financial Services, Inc.'s Management of ESG Material Risk is Average