Results tagged as "infrastructure"

  • Points of Light Recognizes Citi on Civic 50
    List of Most Community-Minded Companies
    in the U.S.

    By Ed Skyler, Executive Vice President for Public Affairs, Citi June 29, 2016 02:45 PM

    When we think about the many ways that Citi makes a difference in our communities, whether by helping get the lights turned back on in Detroit, volunteering in our neighborhoods or helping young people prepare for jobs in today’s economy, we’re always gratified by recognitions from organizations like Points of Light, the largest organization dedicated to volunteer service in the world.

    This year, for the fourth year in row, we’re honored to be included in Points of Light’s Civic 50, an initiative that honors the 50 most community-minded companies in the U.S. This year’s Civic 50 honorees were selected for demonstrating a consistent commitment to helping to address a wide range of societal challenges through volunteerism, responsible business activities and philanthropic support.

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  • Seizing the Urban Moment: Reflections from the New Cities Summit

    By Najeeb Haider, Managing Director, Head of Project & Infrastructure Finance, Asia Pacific Capital Markets June 25, 2015 04:00 PM

    The 2015 New Cities Summit themed “Seizing the Urban Moment” held in Jakarta this month was well attended, with more than 700 participants from various parts of the world. The summit provided a great opportunity to interact and meet with decision makers as well as clients from the public and private sectors. The summit provided an opportunity to present Citi’s initiatives to support infrastructure development globally, in connection with our Citi for Cities platform, which aims to help the world's leading cities manage their growth and thrive.

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  • Citi's Commitment to Powering Africa

    By Peter Sullivan, Head of Public Sector Group, Africa February 02, 2015 02:42 PM

    Affordable, plentiful energy is the cornerstone of modern industry and economic development. Yet across much of Africa, it remains in desperately short supply. Around 70% of people living in sub-Saharan Africa lack access to electricity.

    Africa's power problem cuts right across society. Solving it would benefit millions of Africans who depend on unhealthy, often unsafe, and expensive alternatives to electricity for lighting, cooking, and heating. Improving electricity supplies would also spur small business development and create jobs, help improve public services, and enable the continent to realize more of its broader industrial and economic potential.

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  • A New Report Highlights the Scale of the Global Affordable Housing Challenge

    By Andrew Ditton, Managing Director, Citi Community Capital December 16, 2014 01:58 PM

    Recently, Citi hosted a meeting with members of the Partnership for New York City for a presentation by the McKinsey Global Institute to address the massive and growing global affordable housing shortfall. Invited participants included key academics, New York City government officials, major commercial and residential developers, and local affordable housing advocates. To kick start the discussion, senior McKinsey partners presented a recent study the Institute conducted on the affordability challenge. Of the many telling findings, perhaps the most important was also the most basic: affordable housing is infrastructure, a key component, not unlike power grids or transportation networks, of regional economic development strategies. Indeed, I would go a step further and say that the intelligent integration of infrastructure - including core assets like affordable housing, energy grids, retail services, education and healthcare facilities, and safe public spaces - fundamentally impacts the livability and desirability of modern communities.

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  • Celebrating Banamex 130 and Reaffirming Citi's Commitment to Mexico

    By Paulo Carreno, Public Affairs Officer, Mexico September 23, 2014 03:50 PM

    This month, Citi CEO Mike Corbat and Manuel Medina-Mora, Co-President of Citi, CEO, Global Consumer Banking and Chairman, Mexico, visited Mexico to meet with President Enrique Peña Nieto, along with Javier Arrigunaga, CEO of Banamex, and announce ambitious investment and credit expansion programs in Mexico for the coming four years.

    As part of this investment package, Citi is designating approximately U.S. $1.5 billion for direct investments in technology and infrastructure. Some $10 billion will fund multiple projects in the energy sector, and $4 billion will be assigned to small and medium enterprises (SMEs) in Mexico.

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  • Cyber Threats and Security Solutions

    By Charles Blauner, Global Head of Information Security May 24, 2013 11:03 AM

    I was honored to testify this week before the House of Representatives Energy and Commerce Committee hearing on Cyber Threats and Security Solutions. Cybersecurity is a critical issue for Citi - one that we grapple with daily. Online criminals and nation state actors continue to develop new and clever ways to infiltrate our systems and infrastructure. Thus, Citi has invested an enormous amount of time, energy and resources to adapt to the changing internet landscape.

    I commend the U.S. Government for also making cybersecurity a top priority. The House recently passed key legislation that, if enacted, will greatly facilitate information sharing regarding the threats to our nation's critical infrastructures. In addition, the Administration issued an executive order providing important direction to enhance cybersecurity protections.

    My testimony focused on three key areas:

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  • Citi and Financial Times Name 2012 FT/Citi Ingenuity Awards Winners

    December 12, 2012 02:15 PM

    (left to right): Martin Dickson, U.S. Managing Editor, Financial Times, Janice Muthui, Manager, Community Cooker Foundation and Francesco Vanni d'Archirafi, CEO, Citi Transaction Services

    Citi and the Financial Times are pleased to announce that Community Cooker Foundation has been named global winner in the inaugural FT/Citi Ingenuity Awards: Urban Ideas in Action program. A distinguished panel of judges selected the Kenyan not-for-profit organization as the global winner for its development of an innovative and practical waste-burning stove, which holds tremendous potential for environmental, economic and social change in low resource environments.

    In addition to the global award, winners were recognized in four categories - education, energy, healthcare and infrastructure - for demonstrating particular originality, efficiency and impact in meeting urban challenges in their respective fields. Winners included: College Possible (Education), Community Cooker Foundation (Energy), GlaxoSmithKline New Citizen (Healthcare) and JCDecaux - Velib' (Infrastructure).

    The FT/Citi Ingenuity Awards aim to recognize leaders, teams, organizations and community groups that have developed innovative solutions to benefit cities, citizens and urban communities. Submissions were received from 41 countries, including: Argentina, Australia, Bahrain, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Denmark, Ecuador, Egypt, Finland, France, Germany, Guatemala, Honduras, India, Indonesia, Japan, Kenya, Lebanon, Lithuania, Macedonia, Mexico, Netherlands, Nicaragua, Nepal, Pakistan, Peru, Poland, South Africa, Spain, Switzerland, Uganda, U.A.E., the United Kingdom, the United States and Uruguay.

    We are pleased to congratulate the winners and all the finalists for developing urban solutions that are innovative, scalable and replicable. Enabling progress has been Citi's central mission for 200 years. We are proud to recognize those who share our commitment to help cities thrive and strengthen the communities where we live and work.

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  • FT/Citi Ingenuity Awards - Meet the Infrastructure Finalists

    November 02, 2012 11:30 AM

    Following our recent post examining the energy category finalists for the FT/Citi Ingenuity Awards, this post explores the top candidates for infrastructure whose innovation is helping to fuel growth and economic progress in urban centers worldwide. Be sure to visit Citi's Facebook page to tell us which of the below finalists you think is most ingenious.

    Later this month, we will profile the finalists for education and healthcare categories, so check back soon.

    FT/Citi Awards Infrastructure Finalists:

    As FT architecture critic Edwin Heathcote noted in this FT video profiling the finalists for the category, infrastructure has been famously described as the "invisible city" by urban historian Lewis Mumford. While many urban dwellers only think about infrastructure during those rare moments it fails to deliver for them, many others must frequently contend with serious infrastructure-related challenges.

    Below are the four finalists who have implemented ingenious solutions to improve urban infrastructure:

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  • Citi Ingenuity Awards: The Finalists

    September 27, 2012 09:00 AM

    More than half of the world's population now lives in urban areas, and 180,000 people move into cities every day. As urbanization accelerates, cities are under increasing pressure to provide their citizens with essential resources, services and a meaningful quality of life.

    To recognize those fueling growth and economic progress in cities around the world, Citi partnered with the Financial Times to launch the FT/Citi Ingenuity Awards: Urban Ideas in Action program.

    Today, we are pleased to join with the FT to announce the finalists. Submissions were received from more than 40 countries in four categories - infrastructure, energy, healthcare, and education. Finalists were chosen in each category. A global winner and category winners will be announced at an awards dinner in New York City in December.

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