The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a pivotal player in the agricultural finance sector, headquartered in the United States. Established in 1988, the corporation has significantly contributed to the growth of rural America by providing innovative financial solutions tailored for agricultural producers and rural infrastructure. Farmer Mac operates primarily in the agricultural mortgage industry, offering a range of products including loan guarantees, mortgage-backed securities, and other financial services designed to enhance the availability of credit in rural areas. Its unique approach combines government support with private sector efficiency, positioning it as a trusted partner for farmers and ranchers. With a strong market presence, Farmer Mac has achieved notable milestones, including consistent growth in its loan portfolio and a commitment to supporting sustainable agricultural practices. This dedication to rural development and financial stability underscores its reputation as a leader in agricultural finance.
How does Federal Agricultural Mortgage Corporation'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.
Mean score of companies in the Services Auxiliary to 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.
Federal Agricultural Mortgage Corporation's score of 23 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Federal Agricultural Mortgage Corporation, headquartered in the US, currently does not have available carbon emissions data for the most recent year, nor does it report specific emissions figures in kg CO2e. As such, there are no recorded Scope 1, 2, or 3 emissions to summarise. Additionally, the organisation has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This absence of data suggests that the Federal Agricultural Mortgage Corporation may not yet have formalised its climate commitments or reduction strategies. In the context of the agricultural finance sector, it is increasingly important for organisations to engage in climate action and transparency regarding emissions. However, without specific data or commitments, it is challenging to assess the corporation's current stance on climate change and sustainability initiatives.
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 Agricultural Mortgage Corporation 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.