Citibank
Citibank, officially known as Citigroup Inc., is a leading global financial institution headquartered in Great Britain. Established in 1812, Citibank has evolved into a prominent player in the banking industry, with a strong presence in North America, Europe, and Asia. The bank offers a diverse range of services, including consumer banking, credit cards, corporate banking, and wealth management, distinguished by its innovative digital solutions and customer-centric approach. With a commitment to financial inclusion and sustainability, Citibank has achieved significant milestones, such as being one of the first banks to introduce online banking services. Its robust market position is underscored by numerous accolades, including recognition for its exceptional customer service and cutting-edge technology. As a trusted partner for individuals and businesses alike, Citibank continues to shape the future of banking.
DitchCarbon Score
How does Citibank'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
Citibank's score of 3 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Citibank's reported carbon emissions
In 2022, Citibank reported total carbon emissions of approximately 42,056,000 kg CO2e, a significant reduction from about 58,712,000 kg CO2e in 2021. The bank's Scope 1 and 2 emissions for 2022 were around 21,507,000 kg CO2e, down from approximately 28,081,000 kg CO2e the previous year. While Citibank has made strides in reducing its emissions, there are currently no specific reduction targets or climate pledges disclosed. The estimated Scope 3 carbon footprint for 2022 was 0.5161 kg CO2e per unit of revenue, indicating ongoing efforts to assess and manage indirect emissions associated with its operations. Overall, Citibank's commitment to reducing its carbon footprint reflects a growing awareness of climate impact within the financial sector, although further transparency regarding specific targets would enhance its climate strategy.
Unlock detailed emissions data
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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.
Citibank is not committed to any 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.
