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 23 is lower than 68% 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 its carbon emissions data, although specific figures for total emissions in kg CO2e were not disclosed. The bank has not provided detailed information on Scope 1, 2, or 3 emissions, nor has it set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The emissions data available from previous years indicates a trend in carbon intensity, with the Weighted Average Carbon Intensity (WACI) for 2018 at approximately 0.0002306 kg CO2e per USD of revenue, and for 2019 at about 0.0002194 kg CO2e per USD. The average CO2 emissions per capita were reported as 14,100 kg in 2018 and 13,400 kg in 2019, suggesting a slight improvement in emissions efficiency. Despite the lack of specific reduction commitments or targets, the Federal Reserve Bank of New York is part of a broader industry context that increasingly prioritises climate action and sustainability. The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate commitments. Overall, while the Federal Reserve Bank of New York has not established explicit climate targets or disclosed comprehensive emissions data, it remains aligned with the growing emphasis on environmental responsibility within the financial sector.
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 participating in any of the initiatives that 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.
