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 31 is higher than 57% 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 2023, Federal Bank reported total carbon emissions of approximately 38,666,70 kg CO2e for Scope 1 and 28,076,770 kg CO2e for Scope 2, alongside 15,375,840 kg CO2e for Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, with all three scopes disclosed. For 2022, the emissions were approximately 2,774,860 kg CO2e for Scope 1, 32,862,900 kg CO2e for Scope 2, and 18,473,830 kg CO2e for Scope 3. The emissions intensity per USD Crore of turnover for Scope 1 and 2 was about 0.004262 in 2023, indicating a focus on reducing emissions relative to revenue. Despite the detailed emissions reporting, Federal Bank has not set specific reduction targets or climate pledges, as indicated by the absence of SBTi or other reduction initiatives. The bank's commitment to sustainability is evident, but further initiatives could enhance its climate strategy. Overall, Federal Bank's emissions data showcases its current impact on climate change, while the lack of defined reduction targets suggests an opportunity for future commitments in line with global climate goals.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,774,860 | 0,000,000 |
| Scope 2 | 32,862,900 | 00,000,000 |
| Scope 3 | 18,473,830 | 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.
