Federal Home Loan Bank of New York Sustainability Profile
The Federal Home Loan Bank of New York (FHLBNY), headquartered in the United States, plays a pivotal role in the financial services industry, primarily focusing on providing liquidity to member institutions. Established in 1932, FHLBNY has consistently supported housing finance and community investment across its operational regions, which include New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. FHLBNY offers a range of core products and services, including advances, letters of credit, and affordable housing programmes, distinguished by their commitment to enhancing the availability of affordable housing. With a strong market position, the bank has achieved notable milestones, such as its robust capital structure and a reputation for reliability among its members. Through its innovative financial solutions, FHLBNY continues to foster economic growth and stability in the communities it serves.
DitchCarbon Score
How does Federal Home Loan Bank of New York'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 Services Auxiliary to 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 Home Loan Bank of New York's score of 25 is lower than 62% 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 Home Loan Bank of New York's reported carbon emissions
The Federal Home Loan Bank of New York currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. As a current subsidiary of the Federal Home Loan Banks, it may inherit broader climate-related initiatives and commitments from its parent organisation. However, no specific reduction targets or climate pledges have been documented for the Federal Home Loan Bank of New York. The organisation's climate commitments and reduction initiatives are not detailed, and there are no specific targets set under the Science Based Targets initiative (SBTi) or other recognised frameworks. This lack of data suggests that the Federal Home Loan Bank of New York may still be in the early stages of developing a comprehensive climate strategy. In summary, while the Federal Home Loan Bank of New York is part of a larger network that may engage in climate initiatives, it currently lacks specific emissions data and defined reduction targets.
How Carbon Intensive is Federal Home Loan Bank of New York's Industry?
How Carbon Intensive is Federal Home Loan Bank of New York's Location?
Federal Home Loan Bank of New York'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 Home Loan Bank of New York 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.
