Citadele Banka
Citadele Banka, a prominent financial institution headquartered in Latvia (LV), has established itself as a key player in the banking sector since its founding in 2010. With a strong presence in the Baltic region, Citadele Banka offers a diverse range of services, including retail banking, corporate banking, and investment solutions, catering to both individual and business clients. The bank is renowned for its innovative digital banking solutions, which enhance customer experience and streamline financial management. Citadele Banka has achieved significant milestones, including recognition for its robust financial performance and commitment to sustainability. As a trusted partner in the financial landscape, Citadele Banka continues to strengthen its market position, providing tailored financial products that meet the evolving needs of its customers.
DitchCarbon Score
How does Citadele Banka's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Citadele Banka's score of 30 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citadele Banka's reported carbon emissions
In 2022, Citadele Banka reported total carbon emissions of approximately 1,921,900 kg CO2e. This figure includes Scope 1 emissions of about 64,700 kg CO2e, primarily from mobile combustion (37,700 kg CO2e) and fugitive emissions (19,600 kg CO2e). Scope 2 emissions accounted for approximately 1,029,600 kg CO2e, predominantly from purchased electricity (800,400 kg CO2e). Additionally, Scope 3 emissions totalled around 1,027,600 kg CO2e, with significant contributions from employee commuting (431,300 kg CO2e) and purchased goods and services (292,000 kg CO2e). In comparison, the bank's total emissions for 2021 were about 1,521,700 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2021 shows Scope 1 emissions at approximately 90,200 kg CO2e, Scope 2 at about 1,401,100 kg CO2e, and Scope 3 at around 304,000 kg CO2e. Despite these figures, Citadele Banka has not publicly committed to specific reduction targets or initiatives, nor have they disclosed any climate pledges. The absence of reduction targets suggests a need for further commitment to climate action within the banking sector. The emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by Citadele Banka.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 90,200 | 00,000 |
| Scope 2 | 1,401,100 | 0,000,000 |
| Scope 3 | 30,400 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Citadele Banka is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
