Financial Institutions, Inc. Sustainability Profile
Financial Institutions, Inc., often referred to as FII, is a prominent player in the financial services sector, headquartered in the United States. Established in 1932, the company has evolved significantly, expanding its operations across key regions in the US. FII primarily focuses on banking, insurance, and investment services, catering to both individual and commercial clients. With a commitment to innovation, Financial Institutions, Inc. offers a range of unique products, including tailored banking solutions and comprehensive insurance coverage. The company has garnered a strong market position, recognised for its customer-centric approach and robust financial performance. Notable achievements include consistent growth in assets and a reputation for reliability in the financial industry, making FII a trusted partner for diverse financial needs.
DitchCarbon Score
How does Financial Institutions, Inc.'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
Financial Institutions, Inc.'s score of 28 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Financial Institutions, Inc.'s reported carbon emissions
In 2021, Financial Institutions, Inc. reported total carbon emissions of approximately 35,519,000 kg CO2e, which includes 5,273,000 kg CO2e from Scope 1 and 30,246,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, totalling about 65,115,000 kg CO2e, with major contributions from purchased goods and services (65,115,000 kg CO2e), employee commuting (14,205,000 kg CO2e), and business travel (1,069,000 kg CO2e). Comparatively, in 2020, the total emissions were about 38,354,000 kg CO2e, with Scope 1 emissions at 5,401,000 kg CO2e and Scope 2 emissions at 32,953,000 kg CO2e. The Scope 3 emissions for that year were approximately 15,000,000 kg CO2e. Despite these figures, Financial Institutions, Inc. has not set specific reduction targets or initiatives as part of their climate commitments, nor have they reported any SBTi (Science Based Targets initiative) targets. The absence of documented reduction initiatives suggests a need for further development in their climate strategy. Overall, the company’s emissions data reflects a significant carbon footprint, particularly in Scope 3 emissions, indicating areas for potential improvement in sustainability practices.
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| 2012 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,950,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 74,784,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 7,740,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Financial Institutions, Inc.'s Industry?
How Carbon Intensive is Financial Institutions, Inc.'s Location?
Financial Institutions, Inc.'s Scope 3 Categories Breakdown
Financial Institutions, Inc.'s Scope 3 emissions, which increased by 450% last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 72% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.
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Financial Institutions, Inc.'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.
Financial Institutions, Inc. 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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