Federal Reserve Bank of New York Sustainability Profile
The Federal Reserve Bank of New York, often referred to as the New York Fed, is a pivotal institution in the United States' financial landscape. Established in 1914, it serves as one of the twelve regional banks of the Federal Reserve System, with its headquarters located in New York City. The New York Fed plays a crucial role in the implementation of monetary policy, financial supervision, and the provision of financial services. Operating primarily in the banking and finance industry, the New York Fed is renowned for its unique position in managing the nation’s monetary policy and overseeing the largest financial institutions. Its core services include conducting economic research, facilitating payment systems, and acting as a fiscal agent for the U.S. government. With a strong market position, the New York Fed is recognised for its influential role in global finance and its commitment to maintaining economic stability.
DitchCarbon Score
How does Federal Reserve 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 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 Reserve Bank of New York's score of 23 is lower than 67% 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 Reserve Bank of New York's reported carbon emissions
In 2020, the Federal Reserve Bank of New York reported a weighted average carbon intensity of approximately 0.0002022 kg CO2e per USD of revenue, with an average CO2 emissions per capita of about 11,800 kg CO2e. This data reflects the bank's global emissions profile, although specific Scope 1, 2, and 3 emissions data were not disclosed. Over the years, the bank's carbon intensity has shown a slight increase, with values of approximately 0.0002194 kg CO2e per USD in 2019 and 0.0002306 kg CO2e per USD in 2018. The average CO2 emissions per capita also increased from about 13,400 kg CO2e in 2019 to approximately 14,100 kg CO2e in 2018. Currently, the Federal Reserve Bank of New York has not established any specific reduction targets or climate pledges, nor does it inherit emissions data from a parent organisation. The absence of documented reduction initiatives indicates a need for further commitment to climate action within the financial sector.
How Carbon Intensive is Federal Reserve Bank of New York's Industry?
How Carbon Intensive is Federal Reserve Bank of New York's Location?
Federal Reserve 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 Reserve 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.
