Flagstar Bank
Flagstar Bank, officially known as Flagstar Bancorp, Inc., is a prominent financial institution headquartered in the United States, specifically in Troy, Michigan. Established in 1987, the bank has grown to become a key player in the banking industry, primarily serving the Midwest and Southeast regions. Flagstar Bank offers a diverse range of services, including residential and commercial lending, mortgage origination, and wealth management. Its unique approach to customer service and innovative financial solutions has positioned it as a trusted partner for individuals and businesses alike. With a strong market presence, Flagstar Bank has achieved significant milestones, including its recognition as one of the largest savings banks in the country. The bank continues to focus on delivering tailored financial products that meet the evolving needs of its clients.
DitchCarbon Score
How does Flagstar Bank'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
Flagstar Bank's score of 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Flagstar Bank's reported carbon emissions
In 2023, Flagstar Bank reported total carbon emissions of approximately 41,360,000 kg CO2e, comprising 4,136,000 kg CO2e from Scope 1, 27,603,000 kg CO2e from Scope 2, and 10,168,000 kg CO2e from Scope 3 emissions. This marks a continued effort to manage and reduce their carbon footprint over the years. From 2019 to 2023, Flagstar Bank has demonstrated a commitment to reducing emissions, with a notable decrease in Scope 1 emissions from 5,801,000 kg CO2e in 2019 to 4,136,000 kg CO2e in 2023. Similarly, Scope 2 emissions have decreased from 42,012,000 kg CO2e in 2019 to 27,603,000 kg CO2e in 2023. However, Scope 3 emissions have seen a slight reduction from 10,940,000 kg CO2e in 2019 to 10,168,000 kg CO2e in 2023. Despite these reductions, Flagstar Bank has not publicly committed to specific science-based targets or climate pledges. Their ongoing efforts reflect a broader industry trend towards sustainability and carbon management, although specific reduction initiatives or targets have not been disclosed.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 5,801,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 42,012,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,940,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Flagstar Bank 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.
