CoBank, ACB
CoBank, ACB, headquartered in the United States, is a leading cooperative bank that serves the agricultural and rural infrastructure sectors. Founded in 1916, CoBank has established itself as a vital financial partner, providing essential funding and services to support rural communities across the nation. With a focus on agriculture, rural utilities, and agribusiness, CoBank offers a range of financial products, including loans, leases, and treasury management services. Its unique cooperative structure allows it to deliver competitive rates and tailored solutions to its customers. Recognised for its strong market position, CoBank plays a crucial role in enhancing the economic vitality of rural America, making significant contributions to the growth and sustainability of the industries it serves.
DitchCarbon Score
How does CoBank, ACB'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
CoBank, ACB's score of 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CoBank, ACB's reported carbon emissions
In 2022, CoBank, ACB reported total carbon emissions of approximately 2,570,000 kg CO2e, comprising 1,004,000 kg CO2e from Scope 1 emissions and 1,566,000 kg CO2e from Scope 2 emissions (market-based). The organisation has not disclosed any Scope 3 emissions data. CoBank has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future development in sustainability practices. The absence of defined reduction goals suggests that while the bank is aware of its emissions, it may not yet have formalised a comprehensive strategy to address them. As a significant player in the financial sector, CoBank's emissions profile and climate commitments are crucial for understanding its environmental impact and potential contributions to industry-wide sustainability efforts.
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| 2022 | |
|---|---|
| Scope 1 | 1,004,000 |
| Scope 2 | 1,566,000 |
| 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.
CoBank, ACB 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.
