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Flagstar Bank NA
Flagstar Bank's GHG Emissions Data Preview
In 2024, Flagstar Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Flagstar Bank has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Flagstar Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into Flagstar Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFlagstar Bank amounted to33,471metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Flagstar Bankincreased by 5.46%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Flagstar Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Flagstar Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Flagstar Bank were 3,767 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Flagstar Bank reduced its Scope 1 emissions over time?
Since 2019, Flagstar Bank's Scope 1 emissions have decreased by 35.06%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Flagstar Bank's Scope 1 emissions decreased by 8.92%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Flagstar Bank's Scope 2 emissions?
In 2024, Flagstar Bank reported Scope 2 greenhouse gas (GHG) emissions of 27,948 tCOâ‚‚e using the market-based method and 29,704 tCOâ‚‚e using the location-based method.a
Has Flagstar Bank reduced its Scope 2 emissions over time?
Since 2019, Flagstar Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 29.3%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Flagstar Bank's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Flagstar Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Flagstar Bank use for Scope 2 reporting?
In 2024, Flagstar Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
Flagstar Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Flagstar Bank's Value Chain Emissions
In 2024, Flagstar Bank reported 97,179 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Flagstar Bank includes a breakdown across 6of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Flagstar Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Flagstar Bank's Scope 3 emissions?
In 2024, Flagstar Bank reported total Scope 3 emissions of 97,179 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 98.25%of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.75%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Flagstar Bank reduced its Scope 3 emissions over time?
Since 2019, Flagstar Bank's Scope 3 emissionshave increased by 791.22%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Flagstar Bank's Scope 3 emissions increased by 855.73%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Flagstar Bank disclose?
In 2024, Flagstar Bank reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Flagstar Bank's Scope 3 emissions?
In 2024, the largest contributors to Flagstar Bank's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 79,567 tCOâ‚‚e(81.88%)
- Employee Commuting (Cat. 7): 12,954 tCOâ‚‚e(13.33%)
- Waste Generated in Operations (Cat. 5): 1,994 tCOâ‚‚e(2.05%)
Flagstar Bank's Scope 3 Emissions by Categories
Insights into Flagstar Bank’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Flagstar Bank reported Scope 1 greenhouse gas (GHG) emissions of 3,767 tCOâ‚‚e and total revenues of USD 2,584 millions. This translates into an emissions intensity of 1.46 tCOâ‚‚e per millions USD.a
Flagstar Bank's Scope 1 Emissions Intensity Compared to Peers
How does Flagstar Bank's GHG emissions intensity compare to its peers?
In 2024, Flagstar Bank reported a Scope 1 emissions intensity of 1.46 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Flagstar Bank rank on GHG emissions intensity within its industry?
In 2024, Flagstar Bank ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Flagstar Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Flagstar Bank's Total Carbon Footprint
In 2024, Flagstar Bank reported a total carbon footprint of 130,650 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 211.76% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Flagstar Bank's total carbon footprint was Scope 3 emissions, accounting for 74.38% of the company's total carbon footprint, followed by Scope 2 emissions at 22.74%.a