Citibank Europe plc
Citibank Europe plc, a subsidiary of Citigroup, is headquartered in Ireland (IE) and operates extensively across Europe. Founded in 1812, Citibank has evolved into a leading global financial institution, providing a wide range of banking and financial services. The company is renowned for its innovative solutions in consumer banking, corporate banking, and investment services. Citibank Europe plc offers unique products such as credit cards, personal loans, and wealth management services, distinguished by their customer-centric approach and advanced digital banking capabilities. With a strong market position, Citibank has achieved notable milestones, including significant expansions in key European markets. As a trusted name in the financial industry, Citibank Europe plc continues to set benchmarks for excellence in service delivery and financial innovation.
DitchCarbon Score
How does Citibank Europe plc'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
Citibank Europe plc's score of 47 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citibank Europe plc's reported carbon emissions
In 2023, Citibank Europe plc reported total carbon emissions of approximately 8,002,000 kg CO2e. This figure includes 455,000 kg CO2e from Scope 1 emissions, 7,226,000 kg CO2e from Scope 2 emissions, and 321,000 kg CO2e attributed to Scope 3 emissions, specifically from business travel. Comparatively, in 2022, the bank's total emissions were about 10,095,000 kg CO2e, indicating a significant reduction of approximately 2,093,000 kg CO2e year-on-year. This reduction reflects a commitment to improving their environmental impact, although specific reduction targets or initiatives have not been disclosed. Citibank Europe plc's headquarters is located in Ireland (IE), and while they have not outlined specific science-based targets or climate pledges, their ongoing efforts to decrease emissions demonstrate a proactive approach to climate responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 598,000 | 000,000 |
| Scope 2 | 7,272,000 | 0,000,000 |
| Scope 3 | 2,225,000 | 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.
Citibank Europe plc 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.
