Federal Reserve Bank of New York
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 3 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Federal Reserve Bank of New York's reported carbon emissions
As of the latest available data, the Federal Reserve Bank of New York has not disclosed specific carbon emissions figures for recent years. The most recent emissions data available is from 2020, which indicates a weighted average carbon intensity of approximately 0.0002022 kg CO2e per USD of revenue, with a corresponding average CO2 emissions per capita of about 11,800 kg CO2e. The bank has not set any formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or similar frameworks, nor have they made any public climate pledges. This lack of specific targets suggests that while the institution may be aware of climate issues, it has not yet formalised a comprehensive strategy for emissions reduction. In the context of the financial sector, the Federal Reserve Bank of New York's approach to climate commitments may reflect broader industry trends, where many institutions are beginning to recognise the importance of sustainability and are gradually integrating climate considerations into their operational frameworks. However, without specific data or commitments, it is challenging to assess their overall impact on carbon emissions and climate change mitigation efforts.
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 Reserve Bank of New York 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.
