- Governance-related factors negatively impacting long-term aspirations
- Infringing on regulatory obligations leading to fines and penalties
- Cybersecurity threats to data and systems
- Climate change risks (physical and transitional)
- Fraud risks
THE FEDERAL BANK LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023-24 reporting, THE FEDERAL BANK LIMITED disclosed greenhouse gas emissions of 32.2K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 3.9K tCO2e/year; Scope 2: 28.1K tCO2e/year; Scope 3: 15.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
32.2K tCO2e/year (Scope 1 & 2)
2023-24
Renewable Energy
0.76%
of total energy
Water Usage
38.3K KL/year
2023-24
Waste
276.76 tons/year
2023-24
Energy Use
190.2K GJ/year
2023-24
📊 Emissions by Scope (2023-24)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 15.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-24 | 32.2K tCO2e/year (Scope 1 & 2) |
| 2022-23 | 35.6K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Added 80KW rooftop solar capacity during the year, reaching 380KW total as of March 31, 2024
- Added a storage capacity of 34,500 litres for rainwater harvesting during the year, reaching 1,18,500 litres total as of March 31, 2024
- Six premises are Green Certified during the financial year
- Green loans outstanding as of March 2024 is ₹6962 Crore
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce coal-related sub-project exposure to 50% by December 2025 and NIL by December 2030
- Grow green lending portfolio to ₹13,000 Crore by December 2025
- 500KW of in-house solar power generation capacity by March 2025
- Reach One Lakh litre of water conservation capacity by March 2025
- Finance at least 10.00L women entrepreneurs through BC Channel by March 2028
🌱 ESG Focus Areas
Corporate Governance and EthicsEconomic PerformanceRegulatory ComplianceDigital LeadershipEmployee Well-being & DevelopmentCustomer Privacy & Data SecuritySustainable FinanceFraud Risk ManagementClimate Change Risk & ImpactProduct InnovationTransparency & Fair DisclosureCustomer SatisfactionGHG Emission Management