Citizens Financial Group officials said the institution is offering corporate clients another tool amid the transition to a lower carbon economy in the form of its Carbon Offset Deposit Account.
“Citizens is committed to helping create a more sustainable and inclusive future, which includes meaningful action on climate change,” Citizens Executive Vice President Michael Cummins said. “Across the bank, we are hard at work reducing our operational impact on the environment, navigating climate risk, and delivering innovative solutions, such as Carbon Offset Deposit Accounts, to support our clients as they transition toward a greener future.”
Per Citizens, the account empowers clients with a simple way to acquire carbon offsets utilizing credit earned on their deposits while integrating sustainability into their strategies and products.
The institution indicated complimentary carbon emissions estimates would be made available to clients who have not measured their emissions to offer insight regarding the scale of carbon impacts while identifying reduction opportunities.
According to Cummins, the Citizens Financial Group commitment is an extension of the company’s redo, aiding the process of serving customers, colleagues, shareholders, and communities with integrity.
Citizens indicated its 2021 Corporate Responsibility Report highlights enterprise-wide initiatives advancing the bank’s commitment to responsible citizenship.