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Public Profile
Financial Intermediation
US
updated a month ago

First Citizens Bancshares, Inc. Sustainability Profile

Company website

First Citizens Bancshares, Inc., often referred to as First Citizens Bank, is a prominent financial institution headquartered in the United States. Established in 1898, the bank has grown significantly, expanding its operations across various regions, including the Southeast and West Coast. Operating within the banking and financial services industry, First Citizens offers a diverse range of products, including personal and business banking, mortgages, and wealth management services. What sets First Citizens apart is its commitment to personalised customer service and innovative financial solutions tailored to meet the unique needs of its clients. With a strong market position, First Citizens Bancshares has achieved notable milestones, including strategic acquisitions that have bolstered its presence in the competitive banking landscape. The bank continues to be recognised for its stability and customer-centric approach, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does First Citizens Bancshares, Inc.'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.

23

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.

29

Industry Benchmark

First Citizens Bancshares, Inc.'s score of 23 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

29%

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First Citizens Bancshares, Inc.'s reported carbon emissions

First Citizens Bancshares, Inc., headquartered in the US, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the organisation. As of now, First Citizens Bancshares has not inherited any emissions data from a parent or related organisation, nor does it participate in any recognised climate initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). In the context of the banking industry, many institutions are increasingly committing to sustainability and carbon reduction strategies. However, without specific commitments or data, First Citizens Bancshares' current stance on climate action remains unclear.

How Carbon Intensive is First Citizens Bancshares, Inc.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. First Citizens Bancshares, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is First Citizens Bancshares, Inc.'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 First Citizens Bancshares, Inc. is in US, which has a low grid carbon intensity relative to other regions.

First Citizens Bancshares, Inc.'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.

First Citizens Bancshares, Inc. 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

Compare First Citizens Bancshares, Inc.'s Emissions with Industry Peers

MVB Financial Corp.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

American Express

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

John Marshall Bancorp, Inc.

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Southern First Bank

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

Citi

US
•
Services auxiliary to financial intermediation (67)
Updated 21 days ago

Old Point Financial Corporation

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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