Federal Reserve System Sustainability Profile
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 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 System's reported carbon emissions
In 2021, the Federal Reserve System reported carbon emissions of approximately 230 kg CO2e per employee, although specific total emissions data for Scope 1, 2, and 3 were not disclosed. The organisation 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). The Federal Reserve's emissions data is inherited from the Board of Governors of the Federal Reserve System, which does not specify emissions across different scopes. As of now, the Federal Reserve System has not established any significant climate pledges or reduction initiatives, indicating a need for further commitment to climate action within its operational framework.
How Carbon Intensive is Federal Reserve System's Industry?
How Carbon Intensive is Federal Reserve System's Location?
Federal Reserve System'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 System 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.
European Central Bank
World Bank
Bank Of China
Canadian Imperial Bank Of Commerce
Reserve Bank of Australia
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