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Public Profile
Financial Intermediation
US
updated 2 months ago

Citizens Bank, National Association Sustainability Profile

Company website

Citizens Bank, National Association, commonly referred to as Citizens Bank, is a prominent financial institution headquartered in the United States. Established in 1828, it has evolved into one of the largest banks in the country, primarily serving the New England and Mid-Atlantic regions. The bank operates within the financial services industry, offering a diverse range of products including personal banking, business banking, and wealth management services. Citizens Bank is recognised for its commitment to customer service and innovative banking solutions, such as its digital banking platform and tailored lending options. With a strong market position, it has achieved notable milestones, including consistent recognition for its community involvement and financial stability. As a trusted partner for individuals and businesses alike, Citizens Bank continues to uphold its legacy of reliability and excellence in banking.

DitchCarbon Score

How does Citizens Bank, National Association'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.

49

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.

32

Industry Benchmark

Citizens Bank, National Association's score of 49 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.

69%

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Citizens Bank, National Association's reported carbon emissions

Inherited from Citizens Financial Group, Inc.

Citizens Bank, National Association, headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of Citizens Financial Group, Inc., which may influence its climate-related initiatives and commitments. While Citizens Bank has not set specific reduction targets or disclosed emissions data, it is important to note that it inherits its climate performance metrics from its parent company, Citizens Financial Group, Inc. This relationship suggests that any climate commitments or initiatives may align with broader strategies implemented at the corporate level. As of now, Citizens Bank has not publicly committed to any specific climate pledges or initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). The lack of detailed emissions data and reduction targets indicates that the bank may still be in the early stages of formalising its climate strategy. In summary, Citizens Bank, National Association, currently lacks specific emissions data and reduction commitments, relying on the broader corporate strategies of its parent company, Citizens Financial Group, Inc., for its climate-related initiatives.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201620172018201920202021202220232024
Scope 1
-
-
-
-
-
-
-
0,000,000
0,000,000
Scope 2
-
-
-
-
-
-
-
00,000,000
-
Scope 3
-
-
-
-
-
-
-
0,000,000
0,000,000

How Carbon Intensive is Citizens Bank, National Association's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Citizens Bank, National Association's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Citizens Bank, National Association's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Citizens Bank, National Association is in US, which has a low grid carbon intensity relative to other regions.

Citizens Bank, National Association's Scope 3 Categories Breakdown

Citizens Bank, National Association's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 1% since 2023, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 88% of Scope 3 emissions.

Top Scope 3 Categories

2024
Business Travel
88%
Purchased Goods and Services
12%

Citizens Bank, National Association's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

Citizens Bank, National Association has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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