Citizens Financial Group (CFG) released its 2020 Corporate Responsibility Report, Building Tomorrow Together, highlighting enterprise-wide initiatives that advance its commitment to responsible citizenship.
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“We recognize that the actions we take now will help shape the future, not only for our business but for all of our stakeholders, as we work together to build a better tomorrow.”
The report aligns with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) reporting frameworks for the first time. It also includes the outcome of Citizens’ inaugural materiality assessment, which was conducted in 2020 to identify the bank’s environmental, social and governance (ESG) priorities. In addition, Citizens has adopted targets to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions 30% by 2025 and 50% by 2035, based on its 2016 baseline, to support international goals to limit global temperature rise. These targets align with the Paris Agreement, which aims to limit average global temperature increase to well-below 2° Celsius compared to pre-industrial levels.
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“Citizens’ commitment to good corporate citizenship and responsible, sustainable growth is woven into the fabric of our company,” said Bruce Van Saun, Chairman and CEO, Citizens Financial Group. “We recognize that the actions we take now will help shape the future, not only for our business but for all of our stakeholders, as we work together to build a better tomorrow.”