Federal Bank
Federal Bank Limited, headquartered in Kochi, India, is a prominent player in the Indian banking sector, offering a diverse range of financial services. Established in 1945, the bank has grown significantly, with a strong presence across major operational regions, including Kerala, Maharashtra, and Karnataka. Specialising in retail banking, corporate banking, and treasury operations, Federal Bank is known for its innovative products and customer-centric approach. Its core offerings include savings accounts, loans, and investment services, distinguished by competitive interest rates and personalised service. With a robust market position, Federal Bank has received numerous accolades for its performance and commitment to excellence, making it a trusted choice for millions of customers across India.
DitchCarbon Score
How does Federal Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Federal Bank's score of 42 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Federal Bank's reported carbon emissions
In 2024, Federal Bank reported total carbon emissions of approximately 15,375,840 kg CO2e across all scopes. This includes 3,850,000 kg CO2e from Scope 1, 6,233,000 kg CO2e from Scope 2, and 15,375,840 kg CO2e from Scope 3 emissions. The previous year, 2023, the bank's emissions were about 18,473,830 kg CO2e, with 3,848,000 kg CO2e from Scope 1, 5,292,000 kg CO2e from Scope 2, and 18,473,830 kg CO2e from Scope 3. Federal Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank's emissions intensity metrics indicate a focus on improving efficiency, with emissions per full-time employee decreasing from 2,650 kg CO2e in 2023 to 2,100 kg CO2e in 2024. The bank's commitment to addressing climate change is evident through its comprehensive emissions reporting across all three scopes, although specific reduction strategies or targets have not been outlined.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,503,260 | 0,000,000 | 0,000,000 |
| Scope 2 | 33,953,410 | 0,000,000 | 0,000,000 |
| Scope 3 | 24,959,350 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Federal Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
