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.
+20 vs industry average
Citizens Bank’s score of 55 is higher than 74% 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 increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Citizens Bank's reported carbon emissions
In 2024, Citizens Bank reported total carbon emissions of approximately 51,000,000 kg CO2e, comprising 9,552,300 kg CO2e from Scope 1, 28,843,150 kg CO2e from Scope 2, and 46,942,162,000 kg CO2e from Scope 3 emissions. The bank has set ambitious climate commitments, aiming to achieve carbon neutrality for its operations by 2035. This includes a target to reduce Scope 1 and 2 emissions by 29% by 2030, using 2023 as the base year. Citizens Bank's emissions data is sourced from its parent company, Citizens Financial Group, Inc., and reflects a commitment to sustainability through initiatives such as matching electricity usage with renewable energy and utilising high-quality carbon offsets. The bank's long-term strategy includes neutralising remaining Scope 1 and 2 emissions by 2035, reinforcing its dedication to addressing climate change and reducing its overall carbon footprint.
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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.
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Citizens Bank
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