Citi

Citigroup (Citi), a US-based investment banking and securities dealing firm, has outlined significant carbon emission reduction goals. For 2024, Citi reported total Scope 1 and 2 emissions of approximately 91.7 million kg CO2e using market-based accounting and approximately 490.6 million kg CO2e using location-based accounting. Scope 1 emissions for 2024 were approximately 53.5 million kg CO2e, while Scope 2 emissions, market-based, were about 38.3 million kg CO2e. Scope 3 emissions, specifically business travel, were reported at approximately 70.8 million kg CO2e for the same year.

Looking at previous years, Citi's Scope 1 and 2 emissions (location-based) were approximately 502.5 million kg CO2e in 2023, 497.7 million kg CO2e in 2022, and 487.6 million kg CO2e in 2021. Scope 1 emissions in 2023 were approximately 47.4 million kg CO2e, and in 2022 approximately 52.7 million kg CO2e. Scope 3 business travel emissions were approximately 77.0 million kg CO2e in 2022 and 105.9 million kg CO2e in 2021.

Citi has committed to achieving net zero greenhouse gas (GHG) emissions by 2050 for its financed emissions. Furthermore, for its own operations, Citi is targeting net zero GHG emissions by 2030. This builds upon the firm's achievement of a 100% renewable electricity goal in 2020. In addition to these net zero targets, Citi aims for a 63% reduction in Scope 1 intensity per MWh by 2030, targeting an intensity of 115 kg CO2e/MWh from a 2020 baseline of 313.5 kg CO2e/MWh. Operational footprint goals include a 45% reduction in location-based GHG emissions by 2025, measured against a 2010 baseline. The firm also aims for a 40% reduction in energy consumption by 2025, also against a 2010 baseline.