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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.
27
DitchCarbon score
-10 vs industry average
CIT Group Inc.’s score of 27 is lower than 40% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
CIT Group Inc.'s reported carbon emissions
CIT Group Inc., a US-based financial intermediation services company, reported total carbon emissions of approximately 285,913,720 kg CO2e in 2023. This figure comprises about 45,550,440 kg CO2e from Scope 1 emissions, approximately 98,738,160 kg CO2e from Scope 2 market-based emissions, and around 141,400,120 kg CO2e from Scope 3 emissions.
In the prior year, 2022, the company's total emissions were about 280,053,760 kg CO2e, with Scope 1 emissions at roughly 49,040,250 kg CO2e, Scope 2 location-based emissions at about 101,649,380 kg CO2e, and Scope 3 emissions at approximately 128,394,020 kg CO2e. This emissions data is cascaded from CIT Group Inc. itself. The company does not currently disclose specific climate reduction targets or commitments such as Science Based Targets initiative (SBTi) targets or a Climate Pledge.
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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
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
CIT Group Inc.6 days ago
27
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