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 71% 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 no specific carbon emissions data, indicating a lack of disclosed Scope 1, 2, or 3 emissions figures. The available data includes weighted average carbon intensity metrics, with a value of approximately 0.0002022 kg CO2e per USD of revenue. Additionally, the weighted average CO2 emissions per capita stood at about 11,800 kg CO2e. The bank has not set any formal reduction targets or commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). There are no climate pledges or documented reduction initiatives reported. As the Federal Reserve Bank of New York does not inherit emissions data from a parent organisation, all information is derived solely from its own disclosures. The absence of specific emissions data highlights a potential area for improvement in transparency regarding its climate impact and commitments.
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.
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