Grupo Financiero Citibanamex, S. A. de C. V. Sustainability Profile
Grupo Financiero Citibanamex, S. A. de C. V., commonly known as Citibanamex, is a leading financial institution headquartered in Mexico City, Mexico. Established in 1884, it has evolved into a prominent player in the banking sector, offering a comprehensive range of financial services across retail banking, corporate banking, investment banking, and asset management. With a strong presence throughout Mexico, Citibanamex is renowned for its innovative products, including personal and business loans, credit cards, and investment solutions tailored to meet diverse customer needs. The bank's commitment to digital transformation and customer service excellence has solidified its position as a trusted financial partner. Notable achievements include its extensive network of branches and ATMs, making banking accessible to millions. As a subsidiary of Citigroup, Citibanamex continues to play a vital role in the Mexican economy, driving financial inclusion and economic growth.
DitchCarbon Score
How does Grupo Financiero Citibanamex, S. A. de C. V.'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
Grupo Financiero Citibanamex, S. A. de C. V.'s score of 44 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Financiero Citibanamex, S. A. de C. V., headquartered in Mexico, currently does not have specific carbon emissions data available for recent years. The organisation is a current subsidiary of Citigroup Inc., which influences its climate commitments and performance metrics. As part of its climate strategy, Citibanamex inherits significant sustainability initiatives from its parent company, Citigroup Inc., particularly in relation to renewable energy commitments under the RE100 initiative. This commitment aims for 100% renewable energy across its global operations, which is cascaded down to Grupo Financiero Citibanamex. While specific reduction targets or achievements for Grupo Financiero Citibanamex are not detailed, the overarching goals set by Citigroup Inc. guide its environmental strategy. The absence of direct emissions data suggests that the organisation is still in the process of establishing its own specific targets and metrics, relying on the broader corporate family’s initiatives to shape its climate action framework. In summary, Grupo Financiero Citibanamex is positioned within a larger corporate structure that prioritises sustainability, although specific emissions data and reduction targets at the subsidiary level remain unspecified.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,533,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,048,226,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Grupo Financiero Citibanamex, S. A. de C. V.'s Industry?
How Carbon Intensive is Grupo Financiero Citibanamex, S. A. de C. V.'s Location?
Grupo Financiero Citibanamex, S. A. de C. V.'s Scope 3 Categories Breakdown
Grupo Financiero Citibanamex, S. A. de C. V.'s Scope 3 emissions, which increased by 21% last year and decreased by approximately 61% since 2006, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Grupo Financiero Citibanamex, S. A. de C. V.'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.
Grupo Financiero Citibanamex, S. A. de C. V. 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.
