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 59 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citic's reported carbon emissions
In 2023, Citic reported total carbon emissions of approximately 27,270,950 kg CO2e, comprising 1,063,250 kg CO2e from Scope 1 and 26,207,690 kg CO2e from Scope 2 emissions. For 2024, emissions slightly increased to about 27,366,050 kg CO2e, with Scope 1 emissions at 1,264,640 kg CO2e and Scope 2 emissions at 26,101,410 kg CO2e. Citic has set an ambitious target to achieve an 18% reduction in carbon emissions per unit of output by 2025, compared to 2020 levels. This commitment reflects the company's proactive approach to climate action. Additionally, in January 2024, Citic participated in national voluntary greenhouse gas emissions reduction transactions, purchasing 5,000 tonnes of China Certified Emission Reduction (CCER) to offset carbon emissions from its daily operations, applicable to both Scope 1 and Scope 2 emissions. Overall, Citic's climate commitments and reduction initiatives demonstrate a clear focus on sustainability and a commitment to reducing its carbon footprint in the coming years.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,466,730 | 0,000,000 | 0,000,000 |
| Scope 2 | 31,530,900 | 00,000,000 | 00,000,000 |
| 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 participating in any of the initiatives that 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.
