First Federal Savings of Middletown Sustainability Profile
First Federal Savings of Middletown, often referred to as First Federal, is a prominent financial institution headquartered in Middletown, US. Established in 1887, the bank has a rich history of serving the community and has expanded its operations across several key regions. Specialising in savings accounts, mortgages, and personal loans, First Federal distinguishes itself through personalised customer service and competitive interest rates. With a commitment to fostering financial well-being, First Federal has achieved notable milestones, including a strong market presence and a reputation for reliability. The bank's core offerings are designed to meet the diverse needs of its customers, making it a trusted choice for individuals and families seeking financial solutions. As a leader in the savings and loan industry, First Federal continues to uphold its legacy of excellence and community engagement.
DitchCarbon Score
How does First Federal Savings of Middletown'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
First Federal Savings of Middletown'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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First Federal Savings of Middletown's reported carbon emissions
In 2022, First Federal Savings of Middletown reported total carbon emissions of approximately 94,667,000 kg CO2e. This figure represents a notable increase from 2021, when emissions were about 88,101,000 kg CO2e. The 2021 data includes detailed scope emissions: approximately 4,355,344,000 kg CO2e from Scope 1 (mobile combustion), 1,790,219,000 kg CO2e from Scope 2 (purchased electricity), and 227,553,000 kg CO2e from Scope 3 (waste generated in operations). In 2020, the total emissions were around 87,285,000 kg CO2e, with Scope 1 emissions from stationary combustion at approximately 4,012,636,000 kg CO2e. Currently, First Federal Savings of Middletown has not established specific reduction targets or initiatives, nor do they participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of reduction commitments indicates a potential area for future development in their climate strategy. The emissions data is not cascaded from any parent organisation, reflecting the independent status of First Federal Savings of Middletown in its climate reporting.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 4,012,636,000 | 0,000,000,000 | - |
| Scope 2 | - | 0,000,000,000 | - |
| Scope 3 | - | 000,000,000 | - |
How Carbon Intensive is First Federal Savings of Middletown's Industry?
How Carbon Intensive is First Federal Savings of Middletown's Location?
First Federal Savings of Middletown's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 4% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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First Federal Savings of Middletown'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.
First Federal Savings of Middletown 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.
