Banka Citadele

Sustainability Report and Carbon Intensity Rankings

Is Banka Citadele doing their part?

Their DitchCarbon score is 61

Banka Citadele has a DitchCarbon Score of 61 out of 100, indicating a moderate level of sustainability in its operations. This score reflects the bank’s efforts to manage its carbon intensity, suggesting there is room for improvement in reducing emissions. A higher score would signify greater success in achieving low carbon intensity and better environmental performance.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Banka Citadele is part of the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Banka Citadele operates in Latvia, a country with a very low carbon intensity rating. This favorable environmental context supports the bank’s sustainability efforts by reducing its carbon footprint.
10.17%

...this company is doing 10.17% better in emissions than the industry average.

Founded in 2010 and headquartered in Riga, Banka Citadele operates within the finance sector as a prominent financial group in the Baltic states. It offers a comprehensive range of services including banking, financial, and private capital management for both private individuals and companies. With a strong presence in Latvia, Lithuania, and Estonia, Citadele is committed to becoming the most valuable local financial group in the region and is partly owned by an international group of investors and the EBRD.

emission intelligence's platform recommendations for Banka Citadele

Banka Citadele should consider implementing green procurement policies to source low-carbon energy and services, which could potentially reduce their emissions by 0.3%.

Bad news, Banka Citadele hasn't committed to SBTi goals yet.

Banka Citadele has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank is still in the process of defining clear, science-based emissions reduction targets to align with global efforts to mitigate climate change.
Not participating

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.

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