Citi Private Bank Sustainability Profile
Citi Private Bank, a division of Citigroup Inc., is headquartered in the United States and operates in key financial centres worldwide, including Europe and Asia. Established in 1962, it has evolved into a leading player in the wealth management industry, catering to high-net-worth individuals and families. Citi Private Bank offers a comprehensive suite of services, including investment management, private banking, and tailored financial solutions, distinguished by its global reach and personalised approach. The bank's commitment to innovation and client-centric strategies has solidified its market position, making it a trusted partner for discerning clients seeking bespoke financial advice. With a legacy of excellence, Citi Private Bank continues to set benchmarks in the industry, ensuring clients receive unparalleled service and expertise.
DitchCarbon Score
How does Citi Private Bank'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 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 Private Bank's score of 47 is higher than 68% 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 Private Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The bank's emissions data is cascaded from its parent company, Citigroup Inc., which operates at a higher corporate level. As a current subsidiary, Citi Private Bank adheres to the climate commitments and reduction initiatives set forth by Citigroup Inc. While specific reduction targets or achievements for Citi Private Bank are not detailed, it is important to note that Citigroup Inc. has established various climate initiatives, including participation in the Carbon Disclosure Project (CDP) and commitments under the RE100 initiative, which focuses on transitioning to 100% renewable energy. These initiatives reflect a broader commitment to sustainability and reducing carbon footprints across its operations. Citi Private Bank's climate strategy is aligned with the overarching goals of its parent company, which aims to address climate change and promote environmental sustainability within the financial sector. As such, while specific emissions data for Citi Private Bank is not available, the bank is part of a larger corporate effort to mitigate climate impact and enhance sustainability practices.
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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 Private Bank's Industry?
How Carbon Intensive is Citi Private Bank's Location?
Citi Private Bank's Scope 3 Categories Breakdown
Citi Private Bank'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 Private Bank'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 Private Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
