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.
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.
Industry Benchmark
Citizens Bank's score of 59 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citizens Bank's reported carbon emissions
In 2024, Citizens Bank reported total carbon emissions of approximately 38,395,000 kg CO2e, which includes 9,552,000 kg CO2e from Scope 1 and 29,509,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions from business travel amounted to about 3,792,000 kg CO2e. This represents a significant increase in emissions compared to 2023, where total emissions were approximately 41,548,000 kg CO2e, with Scope 1 emissions at 8,765,000 kg CO2e and Scope 2 emissions at about 32,616,000 kg CO2e. Citizens Bank has set ambitious climate commitments, aiming to achieve carbon neutrality for its Scope 1 and 2 emissions by 2035. In 2024, the bank established a medium-term target to reduce these emissions by 29% by 2030, using 2023 as the baseline year. This commitment reflects the bank's strategy to match its electricity usage with renewable energy and to neutralise remaining emissions through renewable energy credits or high-quality carbon offsets. The emissions data is sourced from Citizens Financial Group, Inc., and no data cascading from a parent organisation was noted. Citizens Bank's ongoing efforts to address climate change demonstrate its commitment to sustainability and reducing its carbon footprint in the financial sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 |
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.
Citizens Bank 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.
