Citizens Financial

Banks

CFG

$ 39 (0.73)%

Share price

$ 19 bn

Market Cap

$ 32 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

Citizens Financial aims to reduce Scope 1 + 2 by 50% by 2035 from a base year 2016

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Citizens Financial reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 40 Kt (-3 /-7.1% y-o-y). At the same time, carbon intensity was up at 8.1 t (+0.3/+3.8% y-o-y).

No public disclosure of Scope 3 emissions has been found for Citizens Financial at the moment.

The company is committed to reducing Scope 1 + 2 by 50% by 2035 from a base year 2016, which translates into the estimated reduction of -0.8 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	40
2020Q4	43	10	32	5,289	8.1
2019Q4	47	12	38	6,098	7.8
2018Q4	59	13	47	5,802	10
2017Q4	57	11	42	5,386	11
2016Q4	57	12	49	4,886	12

Citizens Financial

Carbon footprint

Primary Climate Goal

Citizens Financial aims to reduce Scope 1 + 2 by 50% by 2035 from a base year 2016

GHG emissions and Carbon intensity

Citizens Financial's carbon footprint

Company environmental metrics