Chemung Financial Corp.
Industry Group: Banks
Country/Region: United States of America
Identifier: NAS:CHMG
Chemung Financial Corp is a bank holding firm. Through its subsidiaries, the company provides various financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds, and brokerage services, among others. The company's reportable segments are Core Banking, Wealth Management (WMG) services, and Holding company and CFS. Maximum revenue is generated from the Core Banking segment, which derives revenue by attracting deposits from the general public and using such funds to originate different types of loans, and to invest in securities. The Wealth Management (WMG) services segment provides trust and investment advisory services to clients.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Banks 888 out of 1020
Universe
Global Universe 11555 out of 14704
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Oak Valley Bancorp |
28.9
Medium
|
643 out of 1020 |
| Norwood Financial Corp. |
30.8
High
|
742 out of 1020 |
| Chemung Financial Corp. |
33.8
High
|
888 out of 1020 |
| Parke Bancorp, Inc. |
36.6
High
|
977 out of 1020 |
| Penns Woods Bancorp, Inc. |
38.9
High
|
1010 out of 1020 |
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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.
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.