Citi, officially known as Citigroup Inc., is a leading global financial services corporation headquartered in the United States. Established in 1812, Citi has evolved into a powerhouse in the banking industry, with a significant presence in North America, Europe, Asia, and Latin America. The company offers a diverse range of financial products and services, including consumer banking, investment banking, and wealth management, distinguished by its innovative digital solutions and customer-centric approach.
Citi's commitment to sustainability and financial inclusion has positioned it as a market leader, with notable achievements such as being one of the largest credit card issuers worldwide. With a rich history and a focus on leveraging technology to enhance customer experience, Citi continues to shape the future of banking while maintaining its reputation for reliability and excellence.
+23 vs industry average
Citi’s score of 55 is higher than 70% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Citi's reported carbon emissions
In 2024, Citi reported total carbon emissions of approximately 490,581,000 kg CO2e, comprising 53,454,000 kg CO2e from Scope 1, 38,250,000 kg CO2e from Scope 2, and 11,592,446,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net zero greenhouse gas emissions by 2030 for its own operations (Scope 1 and 2) and by 2050 for all scopes. This commitment builds on their achievement of 100% renewable electricity in 2020. Citi's near-term targets include a 63% reduction in Scope 1 emissions intensity per MWh, aiming to lower emissions from 313.5 kg CO2e/MWh to 115 kg CO2e/MWh by 2030. Additionally, they are targeting a 45% reduction in location-based GHG emissions by 2025, measured against a 2010 baseline. The emissions data is not cascaded from a parent organization, and all figures are reported directly from Citi. The company continues to enhance its sustainability efforts, aligning with industry standards and climate terminology to address its environmental impact effectively.
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Citi’s Climate Goals (2030 & 2050)
8 goals2030
To limit its net GHG emissions in 2030 to 145 MT CO2e or low…
To limit its net GHG emissions in 2030 to 145 MT CO2e or lower.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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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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Citi
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