Results tagged as "green"

  • Introducing Energy Efficiency as a Service

    By Steve Avadek, Director and Global Head of Sustainability, Citi Realty Services December 17, 2014 09:22 AM

    This post is the first in a series about Citi employees who are enabling progress within Citi and in their cities and communities. Follow the conversation in social media using the hashtag #ProgressMakers

    I joined Citi Realty Services several years ago for the opportunity to have a positive impact for the environment on a global scale. After all, Citi has a presence in 100+ countries around the world. But a recent project has shown me that my impact extends even beyond Citi, because our culture of helping clients by simplifying complex situations applies no matter what part of Citi we work in.

    A study we conducted a few years ago at one of Citi's data centers showed that installing an on-site gas-turbine power generator could significantly reduce the facility's emissions and increase efficiency. This was a sound project operationally, environmentally and financially, but the upfront cost and long payback meant it wasn't as attractive an investment as other uses of our funds.

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  • A Banamex Tradition: Sea Turtle Conservation in Mexico

    By Luis Alonso Martinez, Community Relations, Banamex October 17, 2013 02:43 PM

    Getting back to nature and helping sea turtles has been a Banamex tradition for eight years and such a popular one that 1,000 employees applied to volunteer at this summer's Sea Turtle Conservation & Community Development program. Over the years, the program has been developed in partnership with the Mexican government and local communities where the sea turtles come ashore to lay their eggs.

    Mexico is home to seven of the world's eight species of sea turtles, which makes preserving these animals a key priority for our country. In a scant eight years, 513 Mexican and U.S. volunteers have donated 34,880 hours of service to set up 13 sea turtle camps across Mexico, preserved and protected 16,241 sea turtle eggs and released 34,764 baby turtles into the sea.

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  • With Citi Support, Impact Carbon Connects Clean Cooking to Improved Health & Livelihoods

    By Evan Haigler, Executive Director, Impact Carbon July 26, 2013 11:44 AM

    Not many people are aware that nearly three billion people lack access to clean cooking facilities, with 95% of those residing in Sub-Saharan Africa or Asia. In fact, approximately four million people die each year from smoke exposure caused by cooking with dirty fuels.* The good news is that distribution of cleaner and more energy efficient products to low-income communities in emerging markets is already benefitting underserved families and reducing pressure on the environment. While new technologies continue to be developed, innovation in expanding awareness, distribution and financing of such products is also playing a critical role.

    Since 2001 the Ashden Awards have been reinforcing this argument by highlighting ground-breaking green energy leaders. I'm very proud that Impact Carbon recently joined these ranks, having been awarded the 2013 Citi Ashden Award for Financial Innovation, with support from Citi Microfinance. This is an extraordinary validation of our organization's efforts to utilize carbon financing to increase energy efficiency, reduce harmful environmental impacts, and improve the health and household finances of families in Sub-Saharan Africa and Asia.

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  • Living in a Better World: Sustainability at Citi - What's next?

    By Pam Flaherty, Director of Corporate Citizenship and CEO & President, the Citi Foundation May 30, 2013 12:19 PM

    Pam Flaherty, President & Chief Executive Officer, Citi Foundation; Director, Corporate Citizenship, Citi

    Throughout the month of May you've seen how environmental sustainability has become core to Citi's business success, whether it's reducing our costs and/or strengthening our relationships with clients while finding new sources of revenue. And all of this comes with the added benefit of contributing to a healthier environment. You've heard from our employees, clients, industry networks and NGO stakeholders on issues ranging from how we've reduced Citi's carbon footprint to how we manage environmental and social risks in financing palm oil production. Our progress even earned us the title of "The World's Greenest Bank" by Bloomberg Markets magazine this year.

    While we've accomplished a lot, there's still much more we can do to ensure a sustainable future for the planet. Here are a couple of the things we're focused on moving forward:

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  • Living in a Better World: 3 Ways Mass-Transit Systems Make Cities More Sustainable

    By Secretary Roberto Roy of the Panama Metro Secretariat May 22, 2013 06:26 PM

    Approximately 3.5 billion people today live in cities. Road traffic has become a must-consider factor for many of us on a daily basis. According to the 2012 Urban Mobility Report, American commuters spend almost the equivalent of a work week behind the wheel in one year. The world's population is growing and more and more people are seeking opportunities in urban areas. Citi is committed to helping transform and modernize infrastructure and enhance the cities' livability. One example is the assistance to the Republic of Panama in facilitating funds for the first metro line in Panama City, where there have been long-standing issues of congestion, road insecurity and inadequate infrastructure.

    Set to open in March 2014, below are three ways the Panama Metro system will improve the lives of Panama City residents:

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  • Living in a Better World: 3 Ways Citi Green Teams Are Making This Possible

    By Ferenc Benda and Raoul Blignaut, Citi South Africa Green Team Members May 03, 2013 12:14 PM

    Citi Green Teams are communities of Citi volunteers in offices across the globe who work together to share ideas, resources and best practices on sustainability. We then focus on implementing these green solutions into the Citi office environment, our homes and if possible, the broader community in which we live in. Our motto is "One Citi... One Planet" and we are committed to creating a sustainable future through the 3 "R's"- Reduce, Re-use, Recycle.

    Below are three ways that the Citi Green Team in South Africa works toward the Citi motto and demonstrates commitment to sustainability:

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  • Meet Guillaume Gauthereau of Totsy on #StartupLab

    By The Young Entrepreneur Council January 30, 2013 09:00 AM

    Who said doing good and doing well are mutually exclusive? Guillaume Gauthereau (this week's live chat host -- RSVP here) is living proof that they're not.

    In just three years, Guillaume, co-founder/CEO of Totsy, has transformed his company into the second largest U.S. private sale site for moms and kids, with over 5 million members and a nod from Forbes as one of "America's Most Promising Companies." He's also raised $35M in funding.

    But Totsy is more than just a wildly successful sale site -- it also reflects Guillaume's personal commitment to social responsibility. (We hear it's the only carbon-neutral and socially responsible flashsale company in the country!)

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  • Citi Turns 200: Banking fosters sustainability

    January 18, 2013 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we have been sharing stories from our rich history here on this blog. The final installment below covers how the bank began to take a leadership role in promoting sustainability and environmental awareness. Read the 37th installment, which explains how the bank supported American communities through job creation, small-business finance, and affordable housing initiatives, here.

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  • Citi Launches $40M Sandy Recovery Loan Fund with Mayor Bloomberg and CPC

    By Andrew Ditton, Co-Head of Citi Community Capital December 21, 2012 03:45 PM

    Today, Citi has launched the Storm Recovery Loan Fund, a pilot program to provide up to $40 million in low-cost loans to fund the repair of multi-family buildings damaged by Hurricane Sandy along with Mayor Michael R. Bloomberg, and The Community Preservation Corporation. Building owners can put the funds toward resiliency measures, like installing state-of-the-art heating and electric plants that are repositioned to withstand the next storm by being located on higher floors and/or in waterproof compartments. This focus on mitigation will decrease the cost of recovery and reduce the destructive impact of future storms. The program will also promote green improvements that will conserve energy and save money over the long term. The new fund blends a subsidy from Housing Preservation and Development with Community Preservation Corporation financing to provide loans that are below market rate, allowing owners to make needed repairs in the aftermath of Sandy.

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  • Meet Tom Szaky of TerraCycle on #StartupLab

    By The Young Entrepreneurship Council December 18, 2012 09:00 AM

    One man's trash is another's treasure -- and Tom Szaky (this week's live chat host -- RSVP here) is living proof.

    The Hungarian native's fascination with trash goes back a long way. While studying at Princeton, he and his mates cultivated a huge worm farm, which they fed with cafeteria waste. They then sold the resulting Worm Poop (very effective fertilizer, or so we've heard) in bottles they'd found in the trash. It was a win-win: they made money, and the project was environmentally friendly too.

    Fast forward to 2012, and Tom, as the founder and CEO of TerraCycle, Inc, one of the world's foremost leaders in eco-capitalism, recycling and upcycling, was named #1 CEO in America Under 30 by Inc. Magazine.

    Today, with a projected $15 million in revenue and clients like Kraft Foods, Nestle, L'Oreal, Mars, GSK and Kimberly-Clark Professional, TerraCycle is a post-consumer waste solution force to be reckoned with. They're even teaming up with cigarette companies -- talk about an odd couple!

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