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 69% 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. However, the bank has been tracking its carbon intensity, with a weighted average carbon intensity of approximately 0.0002022 kg CO2e per USD of revenue. This figure reflects the bank's ongoing efforts to understand its environmental impact, although no absolute emissions numbers are provided. The bank has not set any formal reduction targets or commitments, as indicated by the absence of documented reduction initiatives or climate pledges. This context suggests that while the Federal Reserve Bank of New York is aware of its carbon footprint, it has yet to establish specific goals for emissions reduction or climate action. Overall, the Federal Reserve Bank of New York's current climate commitments appear to be in the early stages, with a focus on understanding carbon intensity rather than implementing concrete reduction strategies.
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.
