InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Bruce Van Saun is on the board of BPI.
Bruce Van Saun (Citizens Financial Group Chairman and CEO)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of October 2022, Bruce Van Saun is on the board of BPI.
Bruce Van Saun (Citizens Financial Group Chairman and CEO)
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Citizens Financial Group (Citizens Bank) appears to have had little engagement with sustainable finance policies.
Top-Line Messaging on Sustainable Finance Policy: Citizens Bank has supported a role for banks in “accelerating the overall transition to a lower-carbon economy” and in a 2022 press release Citizens outlined the importance of reducing greenhouse gas emissions in fighting climate change, but the level of ambition it supports for emissions reductions and the low carbon transition is unclear.
Position on Regulated Corporate ESG Disclosure: A May 2022 memo from the Office of the Chair of the SEC shows that Citizens Bank, along with other Bank Policy Institute members, met with the SEC Chair to discuss the Commission’s proposed climate disclosure rule, including concerns about Scope 3 disclosures. Specifics of this meeting are unclear, and Citizens Bank does not appear to have made any public statements on the issue of regulated corporate ESG disclosure.
Industry Association Governance: Citizens Bank disclosed membership to industry associations in its 2021 Corporate Responsibility Report, but did not give details about the policy positions of these associations. It did not disclose board membership, including that CEO Bruce Van Saun is on the board of the Bank Policy Institute (BPI).