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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.
56
DitchCarbon score
+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
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Citizens Bank's reported carbon emissions
Citizens Bank reported total emissions of approximately 46.99 billion kg CO2e in 2024. This included Scope 1 emissions of 9,552,300 kg CO2e, Scope 2 (location-based) emissions of 28,843,150 kg CO2e, and various Scope 3 emissions. Key Scope 3 contributors in 2024 were investments at 46,942,162,000 kg CO2e, employee commute at 16,766,580 kg CO2e, and business travel at 3,791,760 kg CO2e.
In 2023, Citizens Bank's Scope 1 emissions were 8,765,000 kg CO2e, Scope 2 (market-based) emissions were 32,616,000 kg CO2e, and Scope 3 business travel was 4,377,000 kg CO2e.
Citizens Bank has set a near-term target to reduce its Scope 1 and Scope 2 (location-based) emissions by 29% by 2030, using 2023 as a baseline. The bank also aims to achieve operational carbon neutrality for its Scope 1 and Scope 2 emissions by 2035, intending to neutralise remaining emissions with renewable energy credits or high-quality carbon offsets.
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Citizens Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Citizens Bank11 months ago
56
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