IF Bancorp, Inc. Sustainability Profile
IF Bancorp, Inc., also known as Iroquois Federal, is a prominent financial institution headquartered in the United States, with a strong presence in the Midwest. Founded in 1883, the company has established itself in the banking industry, primarily focusing on providing a range of financial services, including residential and commercial lending, as well as deposit products. With a commitment to community banking, IF Bancorp distinguishes itself through personalised customer service and tailored financial solutions. The institution has achieved significant milestones over the years, reinforcing its market position as a trusted provider of banking services. Notably, IF Bancorp has garnered recognition for its stability and customer-centric approach, making it a key player in the regional financial landscape.
DitchCarbon Score
How does IF Bancorp, Inc.'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
IF Bancorp, Inc.'s score of 23 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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IF Bancorp, Inc.'s reported carbon emissions
In 2023, IF Bancorp, Inc. reported total carbon emissions of approximately 92,552,000 kg CO2e. This figure includes 304,000 kg CO2e from Scope 1 emissions and 1,208,000 kg CO2e from Scope 2 emissions, indicating a significant reliance on indirect energy consumption. Notably, the company has not disclosed any Scope 3 emissions data. Despite the substantial emissions figures, IF Bancorp, Inc. has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction strategies suggests a need for further development in their sustainability practices. The company does not appear to inherit emissions data from any parent organisation, indicating that all reported figures are directly from IF Bancorp, Inc. Overall, while IF Bancorp, Inc. has made strides in transparency regarding its emissions, the lack of reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability.
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| 2023 | |
|---|---|
| Scope 1 | 304,000 |
| Scope 2 | 1,208,000 |
| Scope 3 | - |
How Carbon Intensive is IF Bancorp, Inc.'s Industry?
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IF Bancorp, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
IF Bancorp, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
