CIT Group Inc.

CIT Group Inc.'s reported carbon emissions

CIT Group Inc., headquartered in the US and operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions for 2023 and 2022. In 2023, the company's total carbon emissions amounted to approximately 285,913,720 kg CO2e. This total comprises Scope 1 emissions of about 45,550,440 kg CO2e, Scope 2 emissions of roughly 98,738,160 kg CO2e (market-based), and Scope 3 emissions of approximately 141,400,120 kg CO2e. For the year 2022, CIT Group Inc. reported total emissions of approximately 280,053,760 kg CO2e. This figure includes Scope 1 emissions of about 49,040,250 kg CO2e, Scope 2 emissions of approximately 101,649,380 kg CO2e (location-based), and Scope 3 emissions of roughly 128,394,020 kg CO2e. Data for CIT Group Inc. is cascaded, with its reporting being at cascade level 2 and classified as a "merged entity". The performance data is sourced directly from CIT Group Inc. at cascade level 0. The company's disclosures indicate that Scope 1, 2, and 3 emissions data are available, though specific upstream Scope 3 categories, such as "purchased goods and services," were noted as missing data points for both reporting years. CIT Group Inc. does not currently have publicly disclosed reduction targets or commitments, such as those from the Science Based Targets initiative (SBTi) or the Climate Pledge, within the provided information.