Freddie Mac
Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, is a pivotal player in the US housing finance industry. Headquartered in McLean, Virginia, the company primarily operates across the United States, facilitating access to affordable mortgage financing. Founded in 1970, Freddie Mac has achieved significant milestones, including the introduction of innovative mortgage products that have transformed the home-buying landscape. Specialising in the purchase and securitisation of mortgages, Freddie Mac offers unique services that enhance liquidity in the housing market. Its core products, such as mortgage-backed securities, provide investors with stable returns while supporting homeownership for millions of Americans. As a government-sponsored enterprise, Freddie Mac holds a prominent market position, recognised for its commitment to promoting affordable housing and financial stability.
DitchCarbon Score
How does Freddie Mac'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
Freddie Mac's score of 22 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Freddie Mac's reported carbon emissions
In 2023, Freddie Mac reported total carbon emissions of approximately 11,434,000 kg CO2e, all of which fall under Scope 2 emissions. This figure reflects the company's indirect emissions associated with the consumption of purchased electricity, steam, heating, and cooling. While specific reduction targets or initiatives were not disclosed, Freddie Mac's commitment to addressing climate change is evident through its operational practices and reporting. The company is actively engaged in sustainability efforts, although detailed reduction strategies or science-based targets have not been specified. Freddie Mac's focus on transparency in emissions reporting aligns with industry standards, highlighting its role in the financial sector's response to climate challenges.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 11,434,000 |
| Scope 3 | - |
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.
Freddie Mac 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.
