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 investment banking and securities dealing industry, with a strong presence in major operational regions including North America, Europe, and Asia-Pacific.
Citi offers a diverse range of core products and services, including corporate and investment banking, wealth management, and treasury and trade solutions. Its unique approach combines innovative technology with deep market expertise, positioning Citi as a trusted partner for clients worldwide. Notable achievements include its extensive global network and a reputation for delivering tailored financial solutions, solidifying its status as a key player in the financial sector.
+31 vs industry average
Citi’s score of 60 is higher than 77% 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
Investment Banking and Securities Dealing is among the least carbon-intensive industries
Industry performance
The Investment Banking and Securities Dealing industry has reduced its overall emissions by 40% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Citi's reported carbon emissions
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.
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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
1 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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