Parke Bancorp, Inc..
PKBK.US | Other monetary intermediation
Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides commercial banking services to small and medium-sized businesses, real estate professionals, and individuals in the United States. It accepts various deposit products, including checking, savings, and money market ...Show More
Better Health for All
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Parke Bancorp, Inc. operates as a bank, providing commercial banking services, deposit products, and various loan types. Its core business activities, such as offering checking, savings, and loan products, do not have a direct or significant positive or negative impact on health outcomes. While the company offers a 'Medical & Dental Professionals Business Line of Credit' ranging from $10,000 to $100,000 with a $175 annual fee, this is a financial product supporting healthcare businesses, not a health product or service itself.
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There is no evidence in the provided articles to suggest that the company's operations or products directly relate to health risks, benefits, accessibility, innovation, or any other health-specific initiatives outlined in the rubric.
Fair Money & Economic Opportunity
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No evidence available to assess Parke Bancorp, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No relevant evidence was found in the provided articles to assess PKBK.US against the 'Fair Pay & Worker Respect' ethical value, as the content of the referenced articles was not accessible.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Parke Bancorp, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Parke Bancorp, Inc. has a formal whistleblower policy that includes procedures for reporting violations, with options for anonymous and confidential submission of concerns regarding accounting, internal controls, or auditing matters.
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However, there is no evidence provided regarding independent investigation processes for these reports. The company's Code of Ethics also outlines an anti-corruption policy that addresses conflicts of interest, gifts, entertainment, and dealings with government officials, including compliance with the Foreign Corrupt Practices Act. While the policy is in place, the provided articles do not contain information on the frequency or effectiveness metrics of related training.
Kind to Animals
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Parke Bancorp, Inc. (PKBK.US) operates as a bank holding company providing commercial banking services.
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Its core business model does not involve products requiring cruelty-free certification, animal testing, animal-derived ingredients, animal agriculture, or direct impact on wildlife habitats.
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Therefore, all KPIs related to these activities are not applicable to the company's operations, and no relevant evidence was found in the provided articles.
No War, No Weapons
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The provided articles, including the company's Code of Ethics, do not contain specific information regarding the company's involvement in or stance on arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other activities directly related to the 'No War, No Weapons' ethical value.
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The company's core business is commercial banking, and the available evidence does not provide any data points to assess its performance against the specified KPIs.
Planet-Friendly Business
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The company reported operational carbon emissions of 1,245 metric tons in 2024, representing a 37.5% reduction from 1,992 metric tons in 2022.
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This figure is very low, suggesting a non-material GHG emissions footprint, consistent with a service provider. However, the reporting explicitly covers 'operational carbon emissions' and does not include Scope 3 emissions, which is a requirement for positive scoring on total emissions. Given the extremely low absolute emissions, the company's footprint is considered non-material. No other specific quantitative data for planet-friendly business KPIs such as science-based targets, water use, waste diversion, green building certifications, or climate-related financial disclosures were provided in the articles.
Respect for Cultures & Communities
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The provided articles, primarily financial summaries, do not contain specific, quantifiable data points relevant to most of the 'Respect for Cultures & Communities' KPIs.
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There is no evidence of cultural appropriation incidents, nor is there mention of cultural impact assessment protocols, FPIC processes, cultural site disruptions, social license to operate, or cultural incident response frameworks.
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Given the company's business model as a commercial bank, these KPIs are assessed as not applicable or at industry standard levels where no specific issues are reported.
Safe & Smart Tech
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Parke Bancorp's mobile privacy policy, updated August 1, 2024, states that users can access, update, and correct their information, and opt out of email/SMS and location tracking.
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The company deployed multi-factor authentication in Q1 2024.
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Parke Bancorp complies with BSA, AML, and FDIC regulations, achieving 98.6% regulatory reporting compliance and 96.5% risk management compliance.
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Zero Waste & Sustainable Products
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The provided articles do not contain specific, concrete data points for any of the Key Performance Indicators related to 'Zero Waste & Sustainable Products'. Information regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education is not available in the evidence provided.
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