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 41 is higher than 66% 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 38,666,670 kg CO2e from Scope 1 and Scope 2 sources, alongside 15,375,840 kg CO2e from Scope 3 emissions. This marked a significant increase in emissions compared to 2023, where the bank's emissions were about 27,748,860 kg CO2e for Scope 1 and 32,862,900 kg CO2e for Scope 2, with Scope 3 emissions at 18,473,830 kg CO2e. The bank's emissions intensity per USD Crore of turnover for Scope 1 and Scope 2 was approximately 0.002893 in 2024, down from 0.004262 in 2023, indicating an improvement in efficiency despite the overall increase in emissions. Additionally, the emissions per full-time employee were reported at 2,100 kg CO2e in 2024, a decrease from 2,650 kg CO2e in 2023. Federal Bank has not set specific reduction targets or climate pledges, and there are no emissions reduction initiatives documented. The emissions data is not cascaded from any parent organization, indicating that the figures are solely from Federal Bank's own reporting. Overall, while Federal Bank has shown some improvement in emissions intensity, the increase in total emissions highlights the need for more robust climate commitments and reduction strategies moving forward.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,774,860 | 0,000,000 | 0,000,000 |
| Scope 2 | 32,862,900 | 00,000,000 | 00,000,000 |
| Scope 3 | 18,473,830 | 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.
