Citibank Nigeria Limited Sustainability Profile
Citibank Nigeria Limited, a subsidiary of Citigroup, is a prominent player in the Nigerian banking sector, headquartered in Lagos. Established in 1984, the bank has made significant strides in providing innovative financial solutions across various regions in Nigeria, including major cities like Abuja and Port Harcourt. Operating within the financial services industry, Citibank Nigeria focuses on corporate banking, investment banking, and wealth management, catering to both individual and institutional clients. Its core offerings, such as tailored credit solutions and advanced digital banking services, set it apart in a competitive market. With a strong commitment to customer service and financial inclusion, Citibank Nigeria has earned a reputation for reliability and excellence, positioning itself as a trusted partner for businesses and individuals alike.
DitchCarbon Score
How does Citibank Nigeria Limited'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 Business Services 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 Nigeria Limited's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citibank Nigeria Limited currently does not have specific carbon emissions data available, as indicated by the absence of reported emissions figures. The bank is a current subsidiary of Citigroup Inc., which cascades its climate commitments and performance metrics down to its subsidiaries. While there are no documented reduction targets or specific climate pledges from Citibank Nigeria Limited, it is important to note that the overarching initiatives from Citigroup Inc. may influence its operations. Citigroup has made significant commitments to sustainability, including participation in the RE100 initiative, which aims for 100% renewable energy usage across its global operations. As a subsidiary, Citibank Nigeria Limited is expected to align with these broader corporate sustainability goals, although specific targets or achievements at the local level have not been disclosed. The lack of emissions data and reduction initiatives highlights an area for potential growth in transparency and commitment to climate action within the Nigerian context.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 |
| 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 | 0,000,000 | 0,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Citibank Nigeria Limited's Industry?
How Carbon Intensive is Citibank Nigeria Limited's Location?
Citibank Nigeria Limited's Scope 3 Categories Breakdown
Citibank Nigeria Limited's Scope 3 emissions, which increased by 21% last year and decreased by approximately 61% since 2006, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Citibank Nigeria Limited'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.
Citibank Nigeria Limited 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.
