Citibank Singapore Ltd., Asset Management Arm Sustainability Profile
Citibank Singapore Ltd., the asset management arm of Citigroup, is a prominent player in the financial services industry, headquartered in Singapore (SG). Established in 1902, Citibank has evolved significantly, marking key milestones in its journey, including the expansion of its asset management services across Asia-Pacific. Specialising in a diverse range of investment solutions, Citibank Singapore Ltd. offers unique products such as mutual funds, private equity, and alternative investments, tailored to meet the needs of both individual and institutional clients. Its commitment to innovation and client-centric strategies has solidified its market position, making it a trusted partner in wealth management. With a strong focus on sustainable investing and risk management, Citibank Singapore Ltd. continues to achieve notable accolades, reinforcing its reputation as a leader in the asset management sector.
DitchCarbon Score
How does Citibank Singapore Ltd., Asset Management Arm'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 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 Singapore Ltd., Asset Management Arm's score of 27 is lower than 100% 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 Singapore Ltd., Asset Management Arm, currently does not report specific carbon emissions data, as there are no available figures for emissions in kg CO2e. The organisation is a current subsidiary of Citigroup Inc., which may influence its climate commitments and initiatives. While there are no documented reduction targets or climate pledges specific to Citibank Singapore Ltd., it is important to note that the asset management arm may align its strategies with broader initiatives from its parent company, Citigroup Inc. This includes commitments to sustainability and climate action, which are cascaded down through the corporate family relationship. As part of Citigroup Inc.'s sustainability efforts, the organisation is likely to engage in industry-standard practices aimed at reducing carbon footprints and enhancing climate resilience, although specific details regarding these initiatives are not provided for the Singapore arm. In summary, while Citibank Singapore Ltd., Asset Management Arm lacks specific emissions data and reduction targets, it is positioned within a corporate structure that prioritises climate commitments through its parent company, Citigroup Inc.
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| 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 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 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 Singapore Ltd., Asset Management Arm's Industry?
How Carbon Intensive is Citibank Singapore Ltd., Asset Management Arm's Location?
Citibank Singapore Ltd., Asset Management Arm's Scope 3 Categories Breakdown
Citibank Singapore Ltd., Asset Management Arm'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 Singapore Ltd., Asset Management Arm'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 Singapore Ltd., Asset Management Arm 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.
