Federal Bank Sustainability Profile
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 51% 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, 28,076,770 kg CO2e for Scope 2, and 15,375,840 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, with all three scopes disclosed. The bank's emissions intensity was about 0.004262 kg CO2e per USD Crore of turnover and approximately 2,650 kg CO2e per full-time employee. In 2022, the emissions were slightly lower, with Scope 1 at about 2,774,860 kg CO2e, Scope 2 at approximately 32,862,900 kg CO2e, and Scope 3 at around 18,473,830 kg CO2e. This indicates a need for ongoing efforts to reduce emissions across all scopes. Despite the detailed emissions reporting, Federal Bank has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organisation. The absence of defined reduction initiatives suggests an opportunity for the bank to enhance its climate commitments and align with industry standards for sustainability.
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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 |
How Carbon Intensive is Federal Bank's Industry?
How Carbon Intensive is Federal Bank's Location?
Federal Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Federal Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
