First Citizens Bank Sustainability Profile
First Citizens Bank, officially known as First Citizens BancShares, Inc., is a prominent financial institution headquartered in the United States. Established in 1898, the bank has grown significantly, particularly in the southeastern and western regions, offering a wide range of banking services. Operating within the banking industry, First Citizens Bank provides core products such as personal and business banking, mortgages, and wealth management services. Its commitment to customer service and innovative financial solutions sets it apart from competitors. With a strong market position, First Citizens Bank has achieved notable milestones, including its expansion through strategic acquisitions. The bank's focus on community engagement and personalised banking experiences has solidified its reputation as a trusted financial partner for individuals and businesses alike.
DitchCarbon Score
How does First 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
First Citizens Bank's score of 25 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
First Citizens Bank's reported carbon emissions
First Citizens Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges. However, it is important to note that First Citizens Bank's emissions data may be influenced by its corporate family structure. The bank has inherited emissions data from Wesbanco Bank, Inc., which is a merged entity at a cascade level of 2. This relationship may provide context for understanding its overall climate impact, although specific figures are not disclosed. As of now, First Citizens Bank has not publicly committed to any Science-Based Targets Initiative (SBTi) reduction targets or other industry-standard climate initiatives. The lack of specific emissions data and reduction commitments highlights an opportunity for the bank to enhance its transparency and accountability in addressing climate change.
How Carbon Intensive is First Citizens Bank's Industry?
How Carbon Intensive is First Citizens Bank's Location?
First Citizens Bank'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 Bank 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.
