Results tagged as "sustainability"

  • Citi’s Inaugural Green Bond Issuance

    By Val Smith, Head of Corporate Sustainability February 05, 2019 10:00 AM

    As a founding member of the Green Bonds Principles and leading arranger and underwriter in the green bonds market, Citi has been at the forefront of helping our clients finance sustainability initiatives with innovative green and sustainability bond structures. Our role supporting and evolving this burgeoning market is just one reflection of our ongoing efforts to incorporate sustainability into our business. It’s become a key component of our engagement with clients and investors.

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  • Announcing our TCFD Report: Finance for a Climate-Resilient Future

    By Jamie Forese, President, Citi and Head of ICG November 13, 2018 10:30 AM

    Today, Citi released its first climate disclosure report, Finance for a Climate-Resilient Future. We issued this report in response to the recommendations set forth by the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), and it is based on a climate scenario analysis pilot project designed to understand the potential financial impacts of climate change on our lending portfolios in the oil and gas and utilities sectors.

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  • Citi Joins NYC Mayor’s Carbon Challenge
    to Reduce Greenhouse Gases at
    Global Headquarters

    By Don Callahan, Head of Operations and Technology, Citi January 25, 2017 02:45 PM

    Work is well underway in transforming Citi’s Global Headquarters located at 388 Greenwich Street into a modern, world-class facility that supports Citi’s businesses and functions, enabling employees to connect and work more closely together, and to better serve our clients and customers. We recognize that it’s not enough to talk about the importance of sustainability, but to make it a priority in all that we do.

    And that’s why today we’re joining the NYC Mayor’s Carbon Challenge, a citywide leadership initiative to reduce greenhouse gas emissions in many of the largest commercial buildings in the city by 30% in 10 years. Citi and other New York-based commercial owners and tenants joining the challenge represent more than 58 million square feet of real estate, contributing to a total of 322 million square feet of real estate, a sizeable footprint across our city.

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  • Why Sustainable Urban Development Needs Better Finance

    October 18, 2016 02:00 PM

    By Mark Watts, Executive Director of C40, Ani Dasgupta, Global Director of WRI Ross Center for Sustainable Cities, and Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship at Citi

    This week in Quito, Ecuador, international leaders have gathered in support of the New Urban Agenda, which lays the groundwork for improving the lives of more than half of the world’s population. Habitat III follows the historic adoption of the Sustainable Development Goals in September 2015 and the Paris Agreement on climate change in December 2015, marking the logical next step to set the world on a pathway towards more inclusive, sustainable, and thriving cities.

    Mayors are key actors in delivering the local action necessary to achieve the targets set in Paris and deliver the New Urban Agenda. Yet, as was highlighted by yesterday’s launch of the C40 Cities Climate Leadership Group (C40) Call for Action on Municipal Infrastructure Finance, mayors face many challenges in delivering sustainable urban development, particularly acute financing challenges. In an environment of constrained municipal budgets, we need to unlock additional funding and finance to deliver sustainable services to the growing urban population.

    That’s why C40, WRI Ross Center for Sustainable Cities, and the Citi Foundation have joined other sustainable urban finance leaders at Habitat III in Quito to emphasize the critical role of finance in delivering a truly sustainable future. It is time to focus on how local and national governments, financial institutions, and the private sector can work together to mobilize the trillions of dollars of investment needed to turn ambition into action.

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  • 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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  • Financing Sustainable Solutions: What Cities Need to Deliver on COP21 Commitments and Beyond

    By Val Smith, Director and Head of Corporate Sustainability May 05, 2016 12:00 PM

    The event was held at Rio’s new iconic Museum of Tomorrow, an achievement in sustainable urban architecture

    Cities are at the forefront of combatting climate change. Many cities and municipal governments and agencies were party to the Paris Agreement reached at COP21 in December, and many have committed to ambitious greenhouse gas reduction goals and meaningful climate strategies they must now implement. I recently participated in the first-of-its-kind global financing forum, hosted by the City of Rio de Janeiro, C40 Cities Climate Leadership Group (C40), World Resources Institute’s Ross Center for Sustainable Cities (WRI) and the Citi Foundation, where decision-makers from the private sector and nearly 20 global city governments convened to discuss the financial challenges cities face in pursuit of their sustainable climate strategies. The Financing Sustainable Cities Forum highlighted cities’ priorities around delivering sustainable urban solutions, including: cutting red tape, transit-oriented development and public-private partnerships.

    An overriding theme of the forum was the sense of urgency many cities expressed for greater technical expertise in setting up public-private partnerships, a mode of project delivery that cities are increasingly looking to as a means of more efficiently delivering urban services. While public-private partnerships are great tools for leveraging private capital, their details determine how risks, revenues and costs are shared between a city and private partners over the term of a project. Experience and expertise are both required to ensure a strong partnership.

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  • Citi Celebrates Earth Day 2016

    By Val Smith, Director and Head of Corporate Sustainability April 18, 2016 03:00 PM

    Each year, Citi marks Earth Day, not just through events on that one date, but through a week-long series of employee-led sustainability initiatives around the world. These events raise awareness of important environmental and social issues, and support our Mission and Value Proposition by creating a meaningful, positive impact through reducing Citi’s operational footprint and deepening our ties to the communities where we live and work.

    On Friday, April 22 – the date recognized globally as Earth Day – UN delegates will gather in New York City to formally sign and adopt the Paris Agreement. This agreement, a product of focused negotiations among nearly 200 countries, lays out a path to limit the rise in global temperature to under 2oC in an effort to avoid calamitous changes to our climate.

    In support of Earth Day 2016 and the Paris Agreement, I would like to highlight some of Citi’s achievements in advancing Sustainable Progress, as well as our goals moving forward.

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  • Citi Celebrates Earth Hour 2016

    By Steven Avadek, Director and Global Head, Citi Realty Services March 30, 2016 04:00 PM

    Vashi Branch, Mumbai, India

    For the ninth year in a row, Citi has engaged in Earth Hour campaign efforts encouraging Citi facilities to go 'dark' on March 19th between 8:30PM and 9:30 PM local time. Every year, Citi Realty Services coordinates with Citi sites across the globe to participate in Earth Hour by turning off all non-essential lights in office facilities and branches around the world. This year, Citi sites in South Africa, Taiwan, Sri Lanka, Nigeria, The UAE, The UK and US were among the over 3,181 Citi locations in 1,120 cities in 94 countries that switched off their lights during Earth Hour.

    Citi first joined the Earth Hour event in 2008 with more than 50 registered locations, and has continued over the years to add more sites to support the campaign around the world. Sustainability is a key priority at Citi and I’m proud of the level of employee engagement around our sustainability initiatives. This year Citi came together more than ever before surpassing last year’s total sites ‘going dark’ and exceeding a participation rate of over 67 percent. Employee participation is critical to the success of any sustainability program and our colleagues continue to demonstrate their commitment to the importance of our sustainability initiatives.

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  • Generating Solar Energy In Chennai

    By Pramit Jhaveri, Citi Country Officer, India March 23, 2016 09:30 AM

    In January, Citi’s Club House Road facility in Chennai, India, became the very first Citi Realty Services (CRS) managed location globally to install solar photovoltaic panels. These clean energy generating units were installed on the rooftop of Citi’s office and are expected to generate a minimum of 60,000 kWh annually, generating around 3 percent of the building’s annual electricity consumption as well as avoiding over 55 tons of carbon dioxide being released per year - a significant contribution towards conservation.

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  • Citi and COP21: The 2015 Paris Climate Conference

    By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi December 02, 2015 01:00 PM

    Citi has established combatting climate change as the top priority in our Sustainable Progress strategy, launched in February of this year. Our signature effort to combat climate change is our $100 Billion Environmental Finance goal, a goal to lend, invest and facilitate $100 billion over 10 years toward climate and environmental solutions, and we’re making significant progress towards that goal. In addition to our core business activities, we are also focused on the greening of our own operations. We have set science-based environmental footprint goals to reduce our greenhouse gas (GHG) emissions by 35% by 2020 and by 80% by 2050 and to have 33% of our real estate portfolio to be LEED green building certified by 2020.

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