Citigroup

Diversified Banks
C
$ 44 (2.9)%
Share price
$ 86 bn
Market Cap
$ 86 bn
Enterprise Value

Carbon footprint

5.9 Ton
GHG emissions per $ 1 mln investment
0.15x the weighted average for S&P 500
FY2021
How is this calculated?
-3.5%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+2.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

Citigroup aims to reduce Scope 1 + 2 by 45% by 2025 from a base year 2010

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Citigroup's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.2%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2020
How is this calculated?

Citigroup aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Citigroup's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Citigroup's GHG emissions (location-based) (Kt of CO2e)
Citigroup's Carbon intensity (Tons per 1 USDm)

Citigroup's carbon footprint

Citigroup reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 508 Kt (-18 /-3.5% y-o-y). Also positively, carbon intensity tumbled to 6.7 t (-2.4 /-26.4% y-o-y).

Citigroup's Scope 3 emissions declined to 126 Kt (-24 /-15.7% y-o-y). The decline accelerated compared to the CAGR of -5.9% since 4Q'17.

The company is committed to reducing Scope 1 + 2 by 45% by 2025 from a base year 2010, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -23 Kt per annum over the period of FY2020 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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