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 45 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Federal Bank's reported carbon emissions
In 2023, Federal Bank reported total carbon emissions of approximately 18,473,830 kg CO2e across all scopes. This includes 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 emissions. The bank's emissions for 2022 were significantly higher, with Scope 1 emissions at 2,503,260 kg CO2e, Scope 2 at 33,953,410 kg CO2e, and Scope 3 at 24,959,350 kg CO2e. Notably, Federal Bank has made strides in reducing its emissions intensity, achieving a Scope 1 and 2 emission intensity of approximately 0.004262 kg CO2e per USD crore of turnover in 2023, down from previous years. However, there are currently no specific reduction targets or climate pledges disclosed by the bank, indicating a potential area for future commitment to climate action. Overall, while Federal Bank has shown some progress in managing its carbon footprint, the absence of formal reduction targets suggests that further initiatives may be necessary to align with industry standards for climate commitments.
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Get Started| 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 committed to any reduction initiatives 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.
