PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Citizens Launches Carbon Offset Deposit Accounts for Corporate Clients

Solution enables businesses to acquire carbon offsets using credit earned on deposits; joins Green Deposits among solutions to help clients meet ESG goals

By PaymentsJournal
October 13, 2022
in Banking, Debit, Emerging Payments, News
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
credit cards

PROVIDENCE, R.I.–(BUSINESS WIRE)–Citizens today launched its Carbon Offset Deposit Account solution to provide corporate clients with another tool as they transition to a lower carbon economy. The account provides clients a simple way to acquire carbon offsets using credit earned on their deposits and to integrate sustainability into their strategies and products. It joins Green Deposits as part of Citizens’ portfolio of solutions to help clients achieve environmental, social and governance (ESG) goals.

Reducing greenhouse gas (GHG) emissions is an important tool in combating climate change. Quality carbon offsets allow companies to compensate for emissions that can’t yet be reduced and to make an immediate positive environmental impact while they work on their longer-term emissions reduction strategy. All offsets under Citizens’ Carbon Offset Deposit program are produced from high-quality projects registered with one of the four leading offset registries ensuring offsets are real, additional, permanent and third party verified.

For clients who have not measured their emissions, complimentary carbon emissions estimates will be available upon request to help clients understand the scale of their carbon impacts, identify reduction opportunities and to right-size offsetting options. Citizens works with the client to help identify emissions data sources and to facilitate measurement with their vendors.

“Citizens is committed to helping create a more sustainable and inclusive future, which includes meaningful action on climate change,” said Michael Cummins, executive vice president and head of treasury solutions at Citizens. “This commitment is an important extension of our company’s Credo, which has helped us serve our customers, colleagues, shareholders, and communities with integrity throughout our history. 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.”

To learn more about Citizens’ sustainability efforts, please read the recently released 2021 Corporate Responsibility Report, Creating a Brighter Tomorrow, which highlights enterprise-wide initiatives that advance the bank’s commitment to responsible citizenship. Later this year, Citizens will issue its inaugural climate report, aligned with the recommendations from the Task Force on Climate-Related Financial Disclosures.

To learn more about Citizens’ Carbon Offset Deposit Accounts, visit here.

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of June 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and more than 1,200 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Citizens BankDepositSustainability

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    continuous KYC

    The Future of KYC Is Layered—and Data-Driven

    June 9, 2026
    tokenized deposits

    As Crypto Challengers Emerge, Banks Turn to Tokenized Deposits

    June 8, 2026
    physical digital debit

    Whether Physical or Digital, Debit Cards Are a Payments Mainstay

    June 5, 2026
    agentic commerce

    Separating Hype from Reality in Emerging Payment Trends

    June 4, 2026
    agentic commerce

    Searching for Trust in Agentic Commerce

    June 3, 2026
    stablecoin

    Stablecoin Success Will Depend on More Than Technology

    June 2, 2026
    A man standing outdoors uses a cryptocurrency trading app on his smartphone. This represents mobile finance, freedom, and real-time investing.

    How Gamification Helps Drive Engagement in Digital Banking

    June 1, 2026
    BIS Wants Central Banks to Move Faster with CBDC amid Looming Stablecoin Pressure

    The Next Phase for Prepaid Cards Could Be Stablecoins

    May 29, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result