Bank / Credit Union

Citizens intros deposit accounts for carbon offsetting

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October 24, 2022

Citizens has launched a Carbon Offset Deposit Account to help corporate clients reduce carbon footprints. Clients can use the accounts to acquire carbon offsets with credits from their account, according to a press release.

Citizens will also offer complimentary carbon emissions estimates to help customers see their full carbon impacts and how they can offset that impact.

"Citizens is committed to helping create a more sustainable and inclusive future, which includes meaningful action on climate change," Michael Cummins, executive vice president and head of treasury solutions at Citizens, said in the release. "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."