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.
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.
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.
Federal Reserve System's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Federal Reserve System, headquartered in the US, currently does not have publicly available data on its carbon emissions, as no specific emissions figures have been provided. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. This lack of data suggests that the Federal Reserve may not have established formal commitments to reduce its carbon footprint or may not have disclosed such information publicly. As the financial sector increasingly prioritises sustainability, it will be important for institutions like the Federal Reserve to develop and communicate clear climate commitments and reduction strategies in the future.
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.