CIT Group Inc. Sustainability Profile
CIT Group Inc., commonly referred to as CIT, is a prominent financial services company headquartered in the United States. Founded in 1908, CIT has established itself as a leader in the commercial finance sector, providing a diverse range of financial solutions across various industries, including transportation, healthcare, and energy. With a strong presence in major operational regions such as North America, CIT offers unique products and services, including equipment financing, factoring, and treasury management. The company is recognised for its innovative approach to financing, which sets it apart in a competitive market. Over the years, CIT has achieved significant milestones, solidifying its position as a trusted partner for businesses seeking tailored financial solutions.
DitchCarbon Score
How does CIT Group Inc.'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
CIT Group Inc.'s score of 23 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CIT Group Inc.'s reported carbon emissions
CIT Group Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing its carbon footprint at this time. It is important to note that CIT Group Inc. is a merged entity, and any potential emissions data or climate initiatives may be cascaded from its corporate family. However, no specific data or initiatives have been provided from the parent organization or related entities. In the context of the broader industry, many financial institutions are increasingly adopting science-based targets and sustainability initiatives to address climate change. As CIT Group Inc. continues to evolve, it may consider aligning with these industry standards to enhance its climate commitments and transparency regarding carbon emissions.
How Carbon Intensive is CIT Group Inc.'s Industry?
How Carbon Intensive is CIT Group Inc.'s Location?
CIT Group Inc.'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.
CIT Group Inc. 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.
