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 40 is higher than 91% 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 2024, Federal Bank reported total carbon emissions of approximately 15,375,840 kg CO2e from Scope 3, alongside 3,850,000 kg CO2e from Scope 1 and 6,233,000 kg CO2e from Scope 2. This reflects a commitment to transparency in their emissions reporting, covering all three scopes of emissions. In 2023, the bank's emissions were about 18,473,830 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions at 3,848,000 kg CO2e and 5,292,000 kg CO2e, respectively. The 2022 figures showed a total of 24,959,350 kg CO2e for Scope 3, 2,503,260 kg CO2e for Scope 1, and 33,953,410 kg CO2e for Scope 2. Despite these figures, Federal Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. Their emissions intensity metrics indicate a focus on improving efficiency, with emissions per full-time employee reported at 2,100 kg CO2e in 2024 and 2,650 kg CO2e in 2023. Overall, while Federal Bank is actively reporting its emissions, it currently lacks defined reduction targets or climate pledges, highlighting an area for potential growth in their sustainability strategy.
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| 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.
