Citic
Citic, officially known as China International Trust Investment Corporation, is a leading conglomerate headquartered in Beijing, China. Founded in 1979, Citic has established a significant presence across various sectors, including finance, resources, manufacturing, and real estate, making it a pivotal player in the global market. With operations spanning Asia, Europe, and the Americas, Citic is renowned for its diverse portfolio, which includes investment banking, asset management, and infrastructure development. The company’s unique approach to integrating financial services with industrial operations has positioned it as a market leader, achieving notable milestones such as successful international expansions and strategic partnerships. Citic's commitment to innovation and sustainable development further enhances its reputation, solidifying its status as a key contributor to economic growth in China and beyond.
DitchCarbon Score
How does Citic'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 Services Auxiliary to 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
Citic's score of 43 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Citic's reported carbon emissions
In 2022, Citic reported total carbon emissions of approximately 4,000,000,000 kg CO2e, comprising Scope 1 emissions of about 227,090,910 kg CO2e, Scope 2 emissions of approximately 501,367,580 kg CO2e, and significant Scope 3 emissions of around 3,671,676,090 kg CO2e. This data highlights the company's substantial carbon footprint across all scopes, particularly in its upstream activities. Citic has set an ambitious target to achieve an 18% reduction in carbon emissions per unit of output by 2025, using 2020 levels as a baseline. This commitment reflects the company's proactive approach to addressing climate change and reducing its environmental impact. In 2023, Citic's emissions data is not yet available, but the company continues to focus on improving its emissions intensity, as indicated by its reported greenhouse gas emissions per RMB100 million of revenue, which decreased to approximately 0.0007166 in 2023 from 0.0008541 in 2022. Overall, Citic's climate commitments and reduction initiatives demonstrate a clear intention to enhance sustainability and mitigate climate risks in its operations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 227,090,910 |
| Scope 2 | 501,367,580 |
| Scope 3 | 3,671,676,090 |
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.
Citic 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.
