Citigroup Inc
Citigroup's GHG Emissions Data Preview
In 2023, Citigroup 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).
However, Citigroup has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  d | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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cVerified Sources Behind Citigroup’s Greenhouse Gas (GHG) Emissions Data
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Insights into Citigroup's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Citigroup amounted to 497,353 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 2022, the total operational greenhouse gas (GHG) emissions of Citigroup decreased by 2.59%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Citigroup's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Citigroup's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Citigroup were 46,582 metric tons of CO₂ equivalent (tCO₂e). a
Has Citigroup reduced its Scope 1 emissions over time?
Since 2018, Citigroup's Scope 1 emissions have increased by 67.53%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Citigroup's Scope 1 emissions increased by 6.08%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Citigroup's Scope 2 emissions?
In 2023, Citigroup reported Scope 2 greenhouse gas (GHG) emissions of 28,927 tCO₂e using the market-based method and 450,771 tCO₂e using the location-based method. a
Has Citigroup reduced its Scope 2 emissions over time?
Since 2018, Citigroup's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 28.48%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Citigroup's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Citigroup 's emissions have plateaued with no significant change in its energy consumption footprint. a b
What methodology does Citigroup use for Scope 2 reporting?
In 2023, Citigroup reported its Scope 2 emissions using the market-based method and using the location-based method. a
Citigroup's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Citigroup's Value Chain Emissions
In 2023, Citigroup reported 77,004 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 2023 disclosure of Citigroup includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 7 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Citigroup's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Citigroup's Scope 3 emissions?
In 2023, Citigroup reported total Scope 3 emissions of 77,004 metric tons of CO₂ equivalent (tCO₂e). a
Has Citigroup reduced its Scope 3 emissions over time?
Since 2018, Citigroup's Scope 3 emissions have decreased by 48.6%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Citigroup's Scope 3 emissions decreased by 99.91%, highlighting the company's efforts to lower indirect emissions from its value chain. a c
Insights into Citigroup’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Citigroup reported Scope 1 greenhouse gas (GHG) emissions of 46,582 tCO₂e and total revenues of USD 78,487 millions. This translates into an emissions intensity of 0.59 tCO₂e per millions USD. a
Citigroup's Scope 1 Emissions Intensity Compared to Peers
How does Citigroup's GHG emissions intensity compare to its peers?
In 2023, Citigroup reported a Scope 1 emissions intensity of 0.59 tCO₂e per millions USD. Compared to the peer group median of 0.45 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Citigroup rank on GHG emissions intensity within its industry?
In 2023, Citigroup ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Citigroup is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Citigroup's Total Carbon Footprint
In 2023, Citigroup reported a total carbon footprint of 574,357 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.3% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b c
The largest contributor to Citigroup's total carbon footprint was Scope 2 emissions, accounting for 78.48% of the company's total carbon footprint, followed by Scope 3 emissions at 13.41%. a