Public Profile

Citizens Bank

Citizens Bank, officially known as Citizens Financial Group, Inc., is a prominent financial institution headquartered in Great Britain. Established in 1828, the bank has evolved into a key player in the banking industry, primarily serving the northeastern and midwestern regions of the United States. With a diverse portfolio, Citizens Bank offers a range of services including personal banking, commercial banking, and wealth management. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. Recognised for its strong market position, Citizens Bank has achieved significant milestones, including the expansion of its digital banking capabilities. The bank continues to focus on delivering unique products tailored to meet the needs of its customers, solidifying its reputation as a trusted financial partner.

DitchCarbon Score

How does Citizens Bank'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.

43

Industry Average

Mean score of companies in the 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.

26

Industry Benchmark

Citizens Bank's score of 43 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.

95%

Citizens Bank's reported carbon emissions

In 2023, Citizens Bank reported a total of approximately 41,381,000 kg CO2e in Scope 1 and 2 emissions. This marks a significant reduction from previous years, reflecting the bank's commitment to sustainability. For instance, in 2022, their Scope 1 and 2 emissions were about 50,615,000 kg CO2e, indicating a downward trend in their operational carbon footprint. Citizens Bank has set ambitious climate commitments, aiming to neutralise all remaining Scope 1 and 2 emissions by 2035. This will be achieved through a combination of renewable energy credits and high-quality carbon offsets, demonstrating their long-term dedication to achieving net-zero emissions across all scopes. The bank's emissions data shows a consistent effort to reduce its carbon impact, with a notable decrease in emissions from 56,921,000 kg CO2e in 2016 to the latest figure in 2023. This commitment to sustainability aligns with industry standards and reflects a proactive approach to addressing climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20162017201820192020202120222023
Scope 1
-
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
Scope 2
-
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-
Scope 3
-
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Citizens Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Citizens Bank is headquartered in GB, which has a rank of low, indicating low grid carbon 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.

Citizens Bank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers