This report presents information on Citi’s efforts toward implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This is our third standalone TCFD report since we began reporting using the TCFD framework in 2018.
This report reflects a summary of our progress made to date towards our goal of incorporating climate risk and opportunity identification and management into our overall business strategy and disclosure efforts. Climate scenario analysis is a rapidly evolving area for many companies, including Citi, and we expect the methodology and tools for conducting such analysis to continue improving over time. Climate data, including the quantification of the greenhouse gas (GHG) emissions associated with our clients, will also continue to evolve, and we expect to update our disclosed data in the future. This report represents an important step upon which we will continue to build in order to expand our understanding of climate risks and opportunities moving forward.
