Flagstar Bank, National Association

Flagstar Bank, National Association, a financial intermediation services provider headquartered in the US, has reported its carbon emissions across Scope 1, 2, and 3.

For the year 2023, the bank's total emissions were approximately 14.95 billion kg CO2e. This comprised of approximately 4.14 million kg CO2e from Scope 1 emissions and approximately 27.60 million kg CO2e from Scope 2 emissions. Scope 3 emissions for 2023 totalled approximately 10.17 million kg CO2e.

In 2022, total emissions were around 16.14 billion kg CO2e, with Scope 1 emissions at approximately 5.15 million kg CO2e, Scope 2 at approximately 28.56 million kg CO2e, and Scope 3 at approximately 10.49 million kg CO2e.

The bank's emissions data is cascaded from its ultimate parent, Flagstar Bank, National Association, as it is a current subsidiary. Flagstar Bank, National Association's climate commitments and reduction initiatives are outlined within its ESG reporting, as evidenced by its disclosed emissions data and participation in initiatives such as CDP. However, specific quantitative reduction targets from the Science Based Targets initiative (SBTi) or other formal commitments were not detailed in the provided information. The company's emissions reporting covers Scope 1, 2, and 3, with a noted data gap in Scope 3 for purchased goods and services in all reported years.