California Federal Bank Sustainability Profile
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.
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
California Federal Bank's score of 47 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 000,000,000 | 00,000,000 | 00,000,000 | - | - | - |
How Carbon Intensive is California Federal Bank's Industry?
How Carbon Intensive is California Federal Bank's Location?
California Federal Bank's Scope 3 Categories Breakdown
California Federal Bank's Scope 3 emissions, which decreased by 52% last year and decreased by approximately 95% since 2006, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
California Federal Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
California Federal Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
