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) | 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.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Citizens Financial Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Citizens Financial Group’s data sources below and access millions more through our Disclosure Search.
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). a
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. a
Citizens Financial Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Citizens Financial Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Citizens Financial Group were 8,765 metric tons of CO₂ equivalent (tCO₂e). a
Has Citizens Financial Group reduced its Scope 1 emissions over time?
Since 2019, Citizens Financial Group's Scope 1 emissions have decreased by 28.7%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Citizens Financial Group's Scope 1 emissions decreased by 16.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Citizens Financial Group's Scope 2 emissions?
In 2023, Citizens Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 32,616 tCO₂e using the market-based method and 32,783 tCO₂e using the location-based method. a
Has Citizens Financial Group reduced its Scope 2 emissions over time?
Since 2019, Citizens Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 11.42%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Citizens Financial Group's Scope 2 emissions (Location-Based) fell by 14.53% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Citizens Financial Group use for Scope 2 reporting?
In 2023, Citizens Financial Group reported its Scope 2 emissions using the market-based method and using the location-based method. a
Citizens Financial Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
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. a
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. a
Citizens Financial Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Citizens Financial Group's Scope 3 emissions?
In 2023, Citizens Financial Group reported total Scope 3 emissions of 4,377 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
Has Citizens Financial Group reduced its Scope 3 emissions over time?
Since 2019, Citizens Financial Group's Scope 3 emissions have decreased by 94.65%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Citizens Financial Group's Scope 3 emissions decreased by 38.09%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Citizens Financial Group disclose?
In 2023, Citizens Financial Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Citizens Financial Group's Scope 3 emissions?
In 2023, the largest contributors to Citizens Financial Group's Scope 3 emissions were: a
- Business Travel (Cat. 6): 4,377 tCO₂e (100%)
Citizens Financial Group's Scope 3 Emissions by Categories
Insights into Citizens Financial Group’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Citizens Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 8,765 tCO₂e and total revenues of USD 8,224 millions. This translates into an emissions intensity of 1.07 tCO₂e per millions USD. a
Citizens Financial Group's Scope 1 Emissions Intensity Compared to Peers
How does Citizens Financial Group's GHG emissions intensity compare to its peers?
In 2023, Citizens Financial Group reported a Scope 1 emissions intensity of 1.07 tCO₂e per millions USD. Compared to the peer group median of 1.26 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Citizens Financial Group rank on GHG emissions intensity within its industry?
In 2023, Citizens Financial Group ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Citizens Financial Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
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. a
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%. a