Citizens Bank, a prominent player in the financial intermediation services sector, is headquartered in Great Britain. Established in 1828, the bank has evolved significantly, offering a range of services that include personal banking, business loans, and wealth management. With a strong presence in key operational regions across the UK, Citizens Bank is recognised for its commitment to customer service and innovative financial solutions.
The bank's core offerings, such as tailored lending products and comprehensive investment services, set it apart in a competitive market. Citizens Bank has achieved notable milestones, including consistent growth in customer base and market share, positioning itself as a trusted financial partner. With a focus on delivering value and fostering long-term relationships, Citizens Bank continues to thrive in the dynamic landscape of financial services.
+19 vs industry average
Citizens Bank’s score of 56 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Citizens Bank's reported carbon emissions
Citizens Bank, headquartered in GB and operating within financial intermediation services, is actively engaged in reducing its carbon footprint. For the reporting year 2024, the bank reported significant emissions across various scopes.
2024 Emissions:
- Scope 1: Approximately 9,552,300 kg CO2e.
- Scope 2 (Location-Based): Approximately 28,843,150 kg CO2e.
- Scope 3: A substantial portion of emissions in 2024 came from Scope 3, with 'investments' accounting for approximately 46,942,162,000 kg CO2e. Other Scope 3 categories reported include 'business travel' at about 3,791,760 kg CO2e, 'employee commute' at approximately 16,766,580 kg CO2e, 'purchased goods and services' at about 523,700 kg CO2e, 'waste generated in operations' at approximately 1,489,440 kg CO2e, 'fuel and energy-related activities' at about 1,247,570 kg CO2e, and 'upstream transportation and distribution' at approximately 410,300 kg CO2e.
- Total Emissions (Scope 1+2+3): Approximately 46,993,156,410 kg CO2e.
Climate Commitments and Targets:
Citizens Bank has established clear climate goals:
- Carbon Neutrality: The bank aims to achieve operational carbon neutrality for its Scope 1 and 2 emissions by 2035. This includes matching electricity usage with renewable energy and, by 2035, neutralising remaining Scope 1 & 2 emissions with renewable energy credits or high-quality carbon offsets.
- Medium-Term Reduction Target: Citizens Bank has set a revised medium-term target to reduce its Scope 1 and 2 (location-based) emissions by 29% by 2030, using 2023 as the base year. This target is being tracked, and the bank is currently on track for its two-year progress towards this goal.
The bank's sustainability reporting for 2024 indicates that its emissions data is not cascaded from a parent organisation.
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Citizens Bank’s Climate Goals (2030 & 2050)
7 goals2035
We continue to reduce our own operational emissions, match e…
We continue to reduce our own operational emissions, match electricity usage with renewable energy and, by 2035, will neutralize remaining S…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 7 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Citizens Bank
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