Citi Sustainability Profile
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 52 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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Citi's reported carbon emissions
In 2024, Citi reported total carbon emissions of approximately 53,454,000 kg CO2e for Scope 1 and about 38,250,000 kg CO2e for Scope 2 (market-based). The company 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. Additionally, Citi has committed to achieving net zero emissions across all scopes by 2050. Citi's emissions data shows a consistent focus on reducing its carbon footprint. In 2021, the company reported Scope 1 emissions of about 48,574,000 kg CO2e and Scope 2 emissions (location-based) of approximately 438,992,000 kg CO2e. The company has also targeted a 63% reduction in Scope 1 emissions intensity per MWh, aiming to decrease 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. This commitment reflects the company's broader strategy to enhance sustainability and reduce its environmental impact. The emissions data and reduction targets are sourced directly from Citigroup Inc., with no cascading from a parent organization.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 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 | 00,000,000 | 00,000,000 | - | - | - |
How Carbon Intensive is Citi's Industry?
How Carbon Intensive is Citi's Location?
Citi's Scope 3 Categories Breakdown
Citi's Scope 3 emissions, which decreased by 52% last year and decreased by approximately 95% since 2006, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Citi's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Citi has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
