Banco Citibank S.A. Sustainability Profile
Banco Citibank S.A., a prominent subsidiary of Citigroup, is headquartered in Brazil and serves as a key player in the financial services industry across Latin America. Founded in 1902, the bank has established a strong presence in major operational regions, including São Paulo and Rio de Janeiro, offering a diverse range of banking solutions. Specialising in retail banking, corporate banking, and investment services, Banco Citibank S.A. distinguishes itself through innovative financial products tailored to meet the needs of both individual and institutional clients. With a commitment to customer service and technological advancement, the bank has achieved significant milestones, solidifying its market position as a trusted financial partner. Notable achievements include its extensive network and robust digital banking platform, which enhance accessibility and convenience for customers throughout Brazil.
DitchCarbon Score
How does Banco Citibank S.A.'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
Banco Citibank S.A.'s score of 50 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Citibank S.A., headquartered in Brazil, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of Citigroup Inc., which cascades its climate commitments and performance metrics down to its subsidiaries. While there are no documented reduction targets or specific climate pledges from Banco Citibank S.A., it is important to note that the broader Citigroup Inc. has established significant sustainability initiatives. These include commitments to renewable energy through the RE100 initiative, which aims for 100% renewable energy usage across its global operations. As a part of Citigroup Inc., Banco Citibank S.A. aligns with the company's overarching climate strategy, which includes efforts to reduce its carbon footprint and enhance sustainability practices. However, specific details regarding emissions reductions or targets at the subsidiary level remain unspecified. In summary, while Banco Citibank S.A. does not provide direct emissions data or reduction targets, it is integrated into the climate commitments of Citigroup Inc., reflecting a commitment to sustainability within the financial sector.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 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 | 00,000,000 | 00,000,000 | - | - | - |
How Carbon Intensive is Banco Citibank S.A.'s Industry?
How Carbon Intensive is Banco Citibank S.A.'s Location?
Banco Citibank S.A.'s Scope 3 Categories Breakdown
Banco Citibank S.A.'s Scope 3 emissions, which decreased by 52% last year and decreased by approximately 95% since 2006, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Banco Citibank S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco Citibank S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
