Calculate baseline financed emissions for each carbon-intensive sector
Identify the appropriate climate scenario transition pathway
Establish emissions reduction targets for 2030 and beyond
Engage with and assess clients to determine transition opportunities
Solicit feedback from clients, investors and other stakeholders as this work continues to evolve, and collectively define net zero for the banking sector
Our approach is guided by Citi’s Net Zero Transition Principles, which reflect our aim to reduce emissions with urgency in the near-term, while also driving a responsible and orderly transition that minimizes economic disruption. We expect these principles to evolve as we collectively learn with our clients, peers, investors and other stakeholders.
Citi’s 2022 TCFD Report highlights the progress we are making on our net zero commitments and how we are balancing climate risks and opportunities in our business.