Citi
Citi, officially known as Citigroup Inc., is a leading global financial services corporation headquartered in the United States. Established in 1812, Citi has evolved into a powerhouse in the banking industry, with a significant presence in North America, Europe, Asia, and Latin America. The company offers a diverse range of financial products and services, including consumer banking, investment banking, and wealth management, distinguished by its innovative digital solutions and customer-centric approach. Citi's commitment to sustainability and financial inclusion has positioned it as a market leader, with notable achievements such as being one of the largest credit card issuers worldwide. With a rich history and a focus on leveraging technology to enhance customer experience, Citi continues to shape the future of banking while maintaining its reputation for reliability and excellence.
DitchCarbon Score
How does Citi'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 Services Auxiliary to 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
Citi's score of 66 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citi's reported carbon emissions
In 2023, Citi reported total carbon emissions of approximately 49,735,300 kg CO2e, comprising 46,582,000 kg CO2e from Scope 1, 28,927,000 kg CO2e from Scope 2 (market-based), and 77,004,000 kg CO2e from Scope 3 related to business travel. The total emissions from Scope 1 and 2 combined amounted to about 497,353,000 kg CO2e. Citi has set ambitious climate commitments, aiming for net zero greenhouse gas (GHG) emissions by 2030 for its own operations, which includes a significant target of a 63% reduction in Scope 1 emissions intensity per MWh by 2030, reducing from 313.5 kg CO2e/MWh to 115 kg CO2e/MWh. Additionally, the bank has committed to achieving net zero emissions across all scopes by 2050. In terms of historical performance, Citi's emissions in 2022 were approximately 50,021,900 kg CO2e, with Scope 1 emissions at 52,311,000 kg CO2e and Scope 2 emissions (location-based) at 447,908,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Citi's operational goals include a 45% reduction in location-based GHG emissions by 2025, measured against a 2010 baseline. These initiatives reflect Citi's commitment to sustainability and its proactive approach to addressing climate change.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,533,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,048,226,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Citi is participating in some 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.
