Citizens Financial Group Inc

Citizens Financial Group's GHG Emissions Data Preview

In 2023, Citizens Financial Group 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).

Citizens Financial Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)	2024	2023	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Categories of Scope 3 (5 categories)
Fuel- and Energy-Related Services (Cat. 3) Emissions related to the production of fuels and energy purchased by the company that are not included in Scope 1 or 2 (e.g. extraction, refining, transport).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Upstream Transportation and Distribution (Cat. 4) Emissions from third-party logistics and transportation of purchased products, raw materials, or components to the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Waste Generated in Operations (Cat. 5) Emissions from the treatment and disposal of waste generated in company operations, handled by third parties.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Business Travel (Cat. 6) Emissions from business-related travel by employees, such as air travel, car rentals, and accommodations.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Employee Commuting (Cat. 7) Emissions from employee commuting between their homes and their worksites, including personal and public transport.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Citizens Financial Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Citizens Financial Group amounted to 41,548 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Citizens Financial Group decreased by 14.95%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Insights into Citizens Financial Group's Value Chain Emissions

In 2023, Citizens Financial Group reported 4,377 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Citizens Financial Group includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Insights into Citizens Financial Group's Total Carbon Footprint

In 2023, Citizens Financial Group reported a total carbon footprint of 45,925 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.88% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Citizens Financial Group's total carbon footprint was Scope 2 emissions, accounting for 71.38% of the company's total carbon footprint, followed by Scope 1 emissions at 19.09%.