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Financial Intermediation
US
updated 6 days ago

CoBank, ACB

Company website

CoBank, ACB, headquartered in the United States, is a leading cooperative bank that serves the agricultural and rural infrastructure sectors. Founded in 1916, CoBank has established itself as a vital financial partner, providing essential funding and services to support rural communities across the nation. With a focus on agriculture, rural utilities, and agribusiness, CoBank offers a range of financial products, including loans, leases, and treasury management services. Its unique cooperative structure allows it to deliver competitive rates and tailored solutions to its customers. Recognised for its strong market position, CoBank plays a crucial role in enhancing the economic vitality of rural America, making significant contributions to the growth and sustainability of the industries it serves.

DitchCarbon Score

How does CoBank, ACB'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.

27

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

CoBank, ACB's score of 27 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

47%

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CoBank, ACB's reported carbon emissions

In 2022, CoBank, ACB reported total carbon emissions of approximately 2,570,000 kg CO2e, comprising 1,004,000 kg CO2e from Scope 1 emissions and 1,566,000 kg CO2e from Scope 2 emissions (market-based). The organisation has not disclosed any Scope 3 emissions data. CoBank has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from CoBank, ACB, as it operates as a current subsidiary within its corporate family. Overall, while CoBank, ACB has made strides in reporting its emissions, it currently lacks defined reduction strategies or commitments to further mitigate its carbon footprint.

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2022
Scope 1
1,004,000
Scope 2
1,566,000
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. CoBank, ACB'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 CoBank, ACB 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.

CoBank, ACB 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

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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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