City Bank
City Bank, officially known as City Bank Limited, is a prominent financial institution headquartered in Bangladesh (BD). Established in 1983, the bank has made significant strides in the banking sector, offering a diverse range of services including retail banking, corporate banking, and investment solutions. With a strong presence in major operational regions across Bangladesh, City Bank has positioned itself as a leader in the industry. The bank is renowned for its innovative products, such as the City Bank Visa and Mastercard offerings, which cater to the evolving needs of its customers. City Bank's commitment to digital banking has set it apart, enabling seamless transactions and enhanced customer experiences. Over the years, the bank has achieved numerous accolades, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does City 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
City Bank's score of 25 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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City Bank's reported carbon emissions
In 2023, City Bank reported total carbon emissions of approximately 7,955,000 kg CO2e. This figure includes 247,000 kg CO2e from Scope 1 emissions, 7,708,000 kg CO2e from Scope 2 emissions, and 163,000 kg CO2e from Scope 3 emissions. The bank has disclosed emissions across all three scopes, demonstrating a comprehensive approach to understanding its carbon footprint. Despite the significant emissions reported, there are currently no specific reduction targets or initiatives outlined in their sustainability commitments. This lack of defined reduction strategies may indicate an opportunity for City Bank to enhance its climate action framework and align with industry standards for carbon reduction. As a financial institution headquartered in Bangladesh (BD), City Bank's emissions profile reflects its operational impact and highlights the importance of integrating sustainability into its business practices. The bank's commitment to addressing climate change will be crucial in the evolving landscape of environmental responsibility within the banking sector.
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| 2023 | |
|---|---|
| Scope 1 | 247,000 |
| Scope 2 | 7,708,000 |
| Scope 3 | 163,090 |
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.
City 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.
