Citi
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.
DitchCarbon Score
How does Citi's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Citi's score of 48 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Citi's reported carbon emissions
In 2023, Citi reported total carbon emissions of approximately 497,353,000 kg CO2e, comprising 46,582,000 kg CO2e from Scope 1, 450,771,000 kg CO2e from Scope 2 (location-based), and 77,004,000 kg CO2e from Scope 3 emissions related to business travel. This reflects a commitment to reducing greenhouse gas emissions across all scopes. Citi has set a significant long-term goal to achieve net zero greenhouse gas emissions by 2050, a commitment first announced in March 2021. This ambitious target encompasses all scopes of emissions, demonstrating the bank's dedication to addressing climate change comprehensively. Historically, Citi's emissions have shown fluctuations, with a notable reduction in Scope 1 and 2 emissions from 1,384,130,000 kg CO2e in 2006 to 507,976,000 kg CO2e in 2020. This indicates a proactive approach to minimising their carbon footprint over the years. Citi's climate commitments align with industry standards, reflecting a growing recognition of the need for financial institutions to play a pivotal role in combating climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,533,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,243,800,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 177,656,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Citi is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
