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 25 is higher than 81% 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 2023, Federal Bank reported total carbon emissions of approximately 27,748,860 kg CO2e across all scopes. This includes about 2,774,860 kg CO2e from Scope 1, 32,862,900 kg CO2e from Scope 2, and 18,473,830 kg CO2e from Scope 3 emissions. The bank's emissions for 2022 were slightly higher, with total emissions of about 25,059,350 kg CO2e in Scope 3, 3,395,410 kg CO2e in Scope 2, and 2,503,260 kg CO2e in Scope 1. In 2024, Federal Bank's emissions increased to approximately 38,666,670 kg CO2e, with Scope 1 emissions at about 3,866,670 kg CO2e, Scope 2 at 28,076,770 kg CO2e, and Scope 3 at 15,375,840 kg CO2e. Despite these figures, there are currently no specific reduction targets or climate pledges disclosed by Federal Bank. The bank's emissions intensity metrics indicate a focus on improving efficiency, with Scope 1 and 2 emissions per full-time employee reported at 2,650 kg CO2e in 2023 and 2,100 kg CO2e in 2024. Overall, while Federal Bank has made strides in tracking its emissions, further commitments and reduction initiatives would enhance its climate strategy.
Unlock detailed emissions data
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Add to project| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,503,260 | 0,000,000 | 0,000,000 |
| Scope 2 | 33,953,410 | 00,000,000 | 00,000,000 |
| 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.
