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 78% 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 commitment to transparency in their environmental impact. Citizens Bank has set ambitious targets to reduce its carbon footprint. By 2030, the bank aims to achieve a 29% reduction in Scope 1 and 2 emissions, using 2023 as the baseline year. Furthermore, the bank has committed to becoming carbon neutral in its operations for both Scope 1 and 2 emissions by 2035. This commitment includes matching electricity usage with renewable energy and utilising renewable energy credits or high-quality carbon offsets to neutralise remaining emissions. The emissions data is sourced directly from Citizens Financial Group, Inc., ensuring that the figures reflect the bank's operational impact accurately. As part of its sustainability initiatives, Citizens Bank is actively working towards reducing its environmental impact while enhancing its operational efficiency.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000,000 | 00,000,000 | - | 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.
