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 67% 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 emissions breakdowns: Scope 1 emissions were approximately 4,355,344,000 kg CO2e, primarily from mobile combustion; Scope 2 emissions from purchased electricity were about 1,790,219,000 kg CO2e; and Scope 3 emissions, specifically from waste generated in operations, were around 227,553,000 kg CO2e. Despite the increase in total emissions in 2022, First Federal Savings of Middletown has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The organisation does not inherit emissions data from a parent company, and all reported figures are derived directly from its own operations. Overall, while First Federal Savings of Middletown has substantial emissions, it currently lacks defined climate commitments or reduction strategies to address its carbon footprint.
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| 2020 | 2021 | |
|---|---|---|
| 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.
