The Federal Reserve Bank of Chicago, often referred to as the Chicago Fed, is a pivotal institution within the United States' central banking system. Established in 1914, its headquarters is located in Chicago, Illinois, serving the Seventh Federal Reserve District, which encompasses parts of Illinois, Indiana, Iowa, Michigan, and Wisconsin. As a key player in the financial services industry, the Chicago Fed focuses on monetary policy, financial stability, and economic research. It offers unique services such as payment processing and community development initiatives, which distinguish it from other regional banks. Notably, the Chicago Fed has made significant contributions to economic policy discussions and has been instrumental in various financial innovations, solidifying its position as a leader in the Federal Reserve System.
How does Federal Reserve Bank of Chicago'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.
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.
Federal Reserve Bank of Chicago's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Federal Reserve Bank of Chicago, headquartered in the US, currently does not have publicly available data on its carbon emissions, as no specific emissions figures have been reported. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. This absence of data suggests that the bank may still be in the early stages of formalising its climate commitments or reporting practices. As the financial sector increasingly prioritises sustainability, it is anticipated that the Federal Reserve Bank of Chicago will develop and disclose its carbon emissions data and climate strategies in the future.
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 Reserve Bank of Chicago 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.