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Financial Intermediation
US
updated 7 months ago

California Federal Bank

Company website

California Federal Bank, also known as CalFed, is a prominent financial institution headquartered in the United States. Established in the early 20th century, the bank has evolved significantly, marking key milestones in its journey through the competitive landscape of the banking industry. With a strong presence in California and other major operational regions, California Federal Bank focuses on providing a diverse range of financial services, including personal and business banking, mortgages, and investment solutions. What sets California Federal Bank apart is its commitment to customer-centric service and innovative financial products tailored to meet the unique needs of its clients. The bank has garnered a solid market position, recognised for its reliability and community involvement. With a legacy of trust and excellence, California Federal Bank continues to be a vital player in the financial sector, dedicated to fostering economic growth and stability.

DitchCarbon Score

How does California 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.

47

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.

30

Industry Benchmark

California Federal Bank's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

70%

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California Federal Bank's reported carbon emissions

Inherited from Citigroup Inc.

California Federal Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are influenced by its relationship with Citigroup Inc., from which it inherits emissions data and sustainability targets. As a merged entity, California Federal Bank aligns its climate strategies with those of Citigroup Inc., which has established significant climate commitments. However, specific reduction targets or achievements for California Federal Bank itself have not been disclosed. The bank's climate initiatives are part of a broader corporate family approach, with Citigroup Inc. providing the framework for sustainability efforts. While no direct emissions data is available, California Federal Bank's commitment to sustainability is evident through its association with Citigroup's initiatives, including participation in the CDP and RE100 programmes. These initiatives focus on transparency in emissions reporting and transitioning to renewable energy sources, respectively. In summary, California Federal Bank is positioned within a corporate structure that prioritises climate action, although specific emissions data and individual reduction targets remain unspecified.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2005200620102014201520162017201820192020202120222023
Scope 1
43,533,000
00,000,000
00,000,000
00,000,000
00,000,000
-
-
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
1,048,226,000
0,000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
00,000,000
Scope 3
-
000,000,000
000,000,000
000,000,000
000,000,000
-
-
000,000,000
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. California Federal Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for California Federal Bank is in US, which has a low grid carbon intensity relative to other regions.

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.

California 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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