Government National Mortgage Association
The Government National Mortgage Association, commonly known as Ginnie Mae, is a pivotal entity in the US housing finance sector, headquartered in Washington, D.C. Established in 1968, Ginnie Mae plays a crucial role in promoting affordable housing by guaranteeing mortgage-backed securities (MBS) issued by approved lenders. This unique guarantee enhances the liquidity of the mortgage market, making homeownership more accessible for millions of Americans. Operating primarily within the United States, Ginnie Mae's core services include the issuance of MBS that are backed by government-insured loans, such as those from the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). With a strong market position, Ginnie Mae has consistently been recognised for its contributions to the stability of the housing finance system, ensuring that capital flows to the mortgage market even in challenging economic conditions.
DitchCarbon Score
How does Government National Mortgage Association'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 Funds, trusts, and financial vehicles 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
Government National Mortgage Association's score of 18 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Government National Mortgage Association's reported carbon emissions
In 2023, the Government National Mortgage Association (GNMA), headquartered in the US, reported total carbon emissions of approximately 100,000 kg CO2e. This figure is entirely attributed to Scope 2 emissions, specifically from purchased electricity, which accounted for about 49,490 kg CO2e. Notably, there is no reported data for Scope 1 or Scope 3 emissions. Currently, GNMA has not established any specific reduction targets or initiatives, nor are there any climate pledges documented. The absence of such commitments suggests a potential area for improvement in their climate strategy. As the organisation continues to operate within the financial sector, aligning with industry standards for sustainability and emissions reduction could enhance its environmental impact and corporate responsibility.
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.
Government National Mortgage Association 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.
