Citic Sustainability Profile
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 51 is higher than 70% 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 2024, Citic reported total carbon emissions of approximately 27,366,050 kg CO2e, comprising 1,264,640 kg CO2e from Scope 1 and 26,101,410 kg CO2e from Scope 2. This marks a slight decrease from 2023, where emissions were about 27,270,950 kg CO2e, with Scope 1 at 1,063,250 kg CO2e and Scope 2 at 26,207,690 kg CO2e. In 2022, emissions were higher at approximately 32,997,630 kg CO2e, with Scope 1 at 1,466,730 kg CO2e and Scope 2 at 31,530,900 kg CO2e. Citic has set ambitious climate commitments, aiming to peak carbon emissions by 2025 for both Scope 1 and Scope 2 emissions. Additionally, the company plans to achieve carbon neutrality in CITIC Tower by 2050 through various strategies, including energy management and increasing the use of green power. 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 emissions from its operations. Overall, Citic is focused on integrating into a green, low-carbon, and circular development system by 2060, demonstrating a long-term commitment to sustainability and climate action.
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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 | - | - | - |
How Carbon Intensive is Citic's Industry?
How Carbon Intensive is Citic's Location?
Citic'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.
Citic 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.
