First Citizens
First Citizens Bank, a prominent financial institution headquartered in the United States, has been serving customers since its founding in 1898. With a strong presence across the Southeast and West regions, the bank operates in the competitive banking industry, offering a diverse range of services including personal banking, commercial lending, and wealth management. Renowned for its commitment to customer service and innovative financial solutions, First Citizens distinguishes itself through its personalised approach and robust digital banking capabilities. Over the years, the bank has achieved significant milestones, including strategic acquisitions that have expanded its footprint and enhanced its market position. Today, First Citizens Bank stands as a trusted partner for individuals and businesses alike, recognised for its stability and dedication to community engagement.
DitchCarbon Score
How does First Citizens'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
First Citizens's score of 28 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Citizens's reported carbon emissions
In 2023, First Citizens reported total carbon emissions of approximately 41,381,000 kg CO2e, a reduction from 50,615,000 kg CO2e in 2022. This indicates a significant decrease in emissions, showcasing the company's commitment to improving its environmental impact. The emissions data encompasses Scope 1 and 2 emissions, which are directly related to the company's operations and energy consumption. Over the past few years, First Citizens has demonstrated a fluctuating trend in emissions, with figures of 39,642,000 kg CO2e in 2021 and 42,650,000 kg CO2e in 2020. The highest recorded emissions were in 2018, at 58,555,000 kg CO2e. Despite these variations, the recent data reflects a positive trajectory towards reducing their carbon footprint. Currently, First Citizens has not established specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests that while the company is making strides in emissions reduction, there is potential for more structured climate commitments. Overall, First Citizens is making progress in its climate commitments, with a notable reduction in emissions from 2022 to 2023, but further initiatives and targets could enhance its sustainability efforts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - |
| Scope 2 | - | - | - | - | - | - | - | - |
| Scope 3 | - | - | - | - | - | - | - | - |
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.
First Citizens 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.
