Flagstar Bank, National Association

Flagstar Bank, National Association's reported carbon emissions

In 2023, Flagstar Bank, National Association reported total carbon emissions of approximately 41,368,000 kg CO2e. This figure includes Scope 1 emissions of about 4,136,000 kg CO2e, Scope 2 emissions of approximately 27,603,000 kg CO2e, and Scope 3 emissions of around 10,168,000 kg CO2e. Over the past few years, the bank has shown a trend of decreasing emissions. For instance, in 2022, total emissions were approximately 43,712,000 kg CO2e, which indicates a reduction of about 3,344,000 kg CO2e from the previous year. This downward trend is consistent with their commitment to improving environmental performance, although specific reduction targets or initiatives have not been disclosed. Flagstar Bank's emissions data is cascaded from its parent company, Flagstar Financial, Inc., reflecting a corporate family relationship. The bank has not set specific Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, but it continues to monitor and report its emissions as part of its sustainability efforts. Overall, Flagstar Bank is actively engaged in tracking its carbon footprint and aims to enhance its climate commitments in alignment with industry standards.