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 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Federal Bank's reported carbon emissions
In 2024, Federal Bank reported total carbon emissions of approximately 38,666,670 kg CO2e from Scope 1, 28,076,770 kg CO2e from Scope 2, and 15,375,840 kg CO2e from Scope 3. This represents a significant increase in emissions compared to 2023, where emissions were approximately 27,748,860 kg CO2e for Scope 1, 32,862,900 kg CO2e for Scope 2, and 18,473,830 kg CO2e for Scope 3. The bank has disclosed emissions data across all three scopes, indicating a comprehensive approach to carbon accounting. Notably, the Scope 1 and 2 emissions intensity per USD Crore of turnover was about 0.0221 in 2024, down from approximately 0.0309 in 2023, suggesting an improvement in operational efficiency relative to revenue. Despite these figures, Federal Bank has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organisations. The absence of defined reduction initiatives indicates a potential area for future commitment in addressing climate change impacts. Overall, while Federal Bank has made strides in emissions reporting, the lack of reduction targets highlights the need for a more proactive stance in climate commitments moving forward.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,774,860 | 0,000,000 | 0,000,000 |
| Scope 2 | 32,862,900 | 00,000,000 | 00,000,000 |
| Scope 3 | 18,473,830 | 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 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.
