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 66 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citi's reported carbon emissions
In 2023, Citi reported total carbon emissions of approximately 49,735,300 kg CO2e from its operations, which includes 46,582,000 kg CO2e from Scope 1 emissions and 28,927,000 kg CO2e from Scope 2 emissions (market-based). Additionally, the bank's Scope 3 emissions from business travel amounted to about 77,004,000 kg CO2e. The total emissions from Scope 1 and 2 combined reached approximately 497,353,000 kg CO2e. Citi has set ambitious climate commitments, aiming for net zero greenhouse gas (GHG) emissions by 2030 for its own operations, which builds on its achievement of 100% renewable electricity in 2020. Furthermore, the bank has committed to achieving net zero emissions across all scopes by 2050. In the near term, Citi targets a 63% reduction in Scope 1 emissions intensity per MWh, reducing from 313.5 kg CO2e/MWh to 115 kg CO2e/MWh by 2030. Citi's operational goals include a 45% reduction in location-based GHG emissions by 2025, measured against a 2010 baseline. These commitments reflect Citi's proactive approach to addressing climate change and its alignment with global sustainability standards. The emissions data and reduction targets are sourced directly from Citigroup Inc., with no cascading from other corporate entities.
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| 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 | 1,048,226,000 | 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 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 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 | 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 participating in some of the initiatives that 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.
