CIT Group Inc., a prominent player in the financial intermediation services sector, is headquartered in the United States. Founded in 1908, the company has established itself as a leader in providing a diverse range of financial solutions, primarily focusing on commercial lending and leasing, as well as treasury management services.
With a strong presence in major operational regions across the US, CIT Group is recognised for its innovative approach to financing, catering to various industries including transportation, healthcare, and energy. The company’s unique offerings, such as its specialised lending solutions and commitment to customer service, have positioned it favourably in the competitive financial landscape.
CIT Group's notable achievements include its consistent ranking among the top financial institutions, reflecting its dedication to delivering tailored financial services that meet the evolving needs of its clients.
-8 vs industry average
CIT Group Inc.’s score of 29 is lower than 42% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
CIT Group Inc.'s reported carbon emissions
CIT Group Inc. Carbon Emissions and Climate Commitments
CIT Group Inc., headquartered in the US and operating within the financial intermediation services sector, has reported its carbon emissions for recent years. In 2023, the company's total emissions were approximately 285,913,720 kg CO2e. This figure comprises Scope 1 emissions totalling approximately 45,550,440 kg CO2e, Scope 2 emissions (market-based) of approximately 98,738,160 kg CO2e, and Scope 3 emissions amounting to approximately 141,400,120 kg CO2e.
For the preceding year, 2022, CIT Group Inc.'s total emissions were approximately 280,053,760 kg CO2e. This included Scope 1 emissions of approximately 49,040,250 kg CO2e, Scope 2 emissions (location-based) of approximately 101,649,380 kg CO2e, and Scope 3 emissions totalling approximately 128,394,020 kg CO2e.
CIT Group Inc.'s emissions data for these years is cascaded from CIT Group Inc. itself, with the organization being at cascade level 2, indicating a merged entity relationship.
While specific reduction targets and climate pledges are not detailed in the provided information, CIT Group Inc. has disclosed its emissions across Scope 1, 2, and 3. Notably, the company has identified "purchased goods and services" as a missing data point within its Scope 3 disclosures for both 2022 and 2023.
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CIT Group Inc.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for CIT Group Inc. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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CIT Group Inc.
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