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 36 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Citic's reported carbon emissions
In 2022, Citic reported significant carbon emissions, totalling approximately 4,000,000,000 kg CO2e across all scopes. This includes about 227,090,910 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and approximately 501,367,580 kg CO2e from Scope 2 emissions, mainly from purchased electricity. The most substantial contribution came from Scope 3 emissions, which reached about 3,671,676,090 kg CO2e, with major sources being purchased goods and services (approximately 1,969,568,300 kg CO2e) and fuel and energy-related activities (about 1,871,760,200 kg CO2e). For 2023, while specific emissions data is not disclosed, Citic's production emission factor indicates a rise in greenhouse gas emissions per RMB100 million of revenue to approximately 0.009506. Despite the detailed emissions reporting, Citic has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The absence of defined reduction initiatives suggests that Citic may need to enhance its strategies to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some 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.
