Federal Reserve System
The Federal Reserve System, often referred to simply as the Federal Reserve or the Fed, serves as the central banking system of the United States. Headquartered in Washington, D.C., it operates across various regions, with 12 regional Federal Reserve Banks strategically located throughout the country. Established in 1913, the Federal Reserve plays a crucial role in the U.S. economy, overseeing monetary policy, regulating banks, and maintaining financial stability. The core services of the Federal Reserve include conducting monetary policy, providing financial services, and supervising and regulating banking institutions. Its unique structure, combining public and private elements, allows it to effectively manage inflation and employment levels. Notably, the Federal Reserve has been instrumental in responding to economic crises, solidifying its position as a key player in global finance and economic policy.
DitchCarbon Score
How does Federal Reserve System'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 System's score of 23 is lower than 66% 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 System's reported carbon emissions
As of the latest available data, the Federal Reserve System has not disclosed specific carbon emissions figures for recent years, including 2020. The organisation has not reported on Scope 1, Scope 2, or Scope 3 emissions, indicating a lack of detailed emissions data. In terms of climate commitments, there are currently no documented reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The Federal Reserve System does not appear to have set any formal climate pledges or reduction initiatives at this time. The emissions data is inherited from the Board of Governors of the Federal Reserve System, but no specific figures or targets have been cascaded down. The absence of emissions data and reduction commitments places the Federal Reserve System in a context where it may need to enhance its transparency and accountability regarding climate impact and sustainability 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 System 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.
