In 2024, CIB completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
CIB has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,577a | 7,085a | 4,221a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 29,110a | 26,350a | 25,549a | |
Total Scope 3 | 35,445a | 31,924b | 25,349a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.9571a | 3.4868a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of CIB amounted to 33,687 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of CIB increased by 0.75%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of CIB were 4,577 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, CIB's Scope 1 emissions have decreased by 11.09%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), CIB's Scope 1 emissions decreased by 35.4%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, CIB reported Scope 2 greenhouse gas (GHG) emissions of 29,110 tCO₂e without specifying the calculation method.a
Since 2019, CIB's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that CIB's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), CIB's Scope 2 emissions (Unspecified Calculation Method) rose by 10.47% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, CIB reported its Scope 2 emissions using an unspecified methodology.a
In 2024, CIB reported 35,445 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of CIB includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, CIB reported total Scope 3 emissions of 35,445 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, CIB's Scope 3 emissions have increased by 214.73%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), CIB's Scope 3 emissions increased by 11.03%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, CIB reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.b
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to CIB's Scope 3 emissions were:b
In 2024, CIB reported Scope 1 greenhouse gas (GHG) emissions of 4,577 tCO₂e and total revenues of USD 2,339 millions. This translates into an emissions intensity of 1.96 tCO₂e per millions USD.a
In 2024, CIB reported a Scope 1 emissions intensity of 1.96 tCO₂e per millions USD. Compared to the peer group median of 0.78, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, CIB ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places CIB among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, CIB reported a total carbon footprint of 69,132 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.77% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to CIB's total carbon footprint was Scope 3 emissions, accounting for 51.27% of the company's total carbon footprint, followed by Scope 2 emissions at 42.11%.a