Results tagged as "sustainability"

  • Citi Celebrates Earth Hour 2015

    By John Killey, Global Head of Building Operations, Citi April 08, 2015 11:00 AM

    On Saturday, March 28th, Citi showed its support for environmental sustainability by participating in Earth Hour for the eighth consecutive year. To mark Earth Hour, individuals, businesses, governments and communities around the world are invited to turn out their lights for one hour at 8:30 p.m. local time. This year, Citi turned off non-essential lights in 3,059 of its office facilities and branches in a record 98 countries and 1,151 cities.

    No comments

  • An Investment In Sustainable Growth

    By James A. Forese, Co-President, Citi March 02, 2015 01:15 PM

    The following letter was written in response to The Wall Street Journal editorial “Citi Turns Green” that ran on February 24.

    Regarding your editorial “Citi Turns Green” (Feb. 24): Citigroup Inc. is responding to the very real market demand for renewable energy and the associated financing need. Many of the world’s largest companies—and an ever-increasing number of homeowners—are already saving millions by investing in clean energy. We expect this trend to continue. The International Energy Agency estimates that to combat the effects of climate change, $500 billion in investments in low-carbon energy technologies is needed each year until 2020, with that number doubling by 2030.

    No comments

  • Citi's New Efforts to Drive Sustainable Growth

    By Val Smith, Director of Corporate Sustainability February 20, 2015 12:10 PM

    Citi CEO Michael Corbat, Kilowatt Financial Chairman and CEO Dan Pillemer and Pam Flaherty, Citi Foundation (retired) at a recent event celebrating the launch of Citi's new efforts to drive sustainable growth.

    At Citi, it's clear to us that financing and scaling sustainable solutions that matter is central to our business success. Yesterday, we announced our new Sustainable Progress strategy, which will expand our efforts to finance projects that provide environmental solutions and manage environmental and social risk in partnership with our clients. In addition, we aim to enhance the sustainability of our own facilities and supply chain. Our commitment is aligned with and embedded in our firm's strategy, and it is a broad approach that spans across our businesses.

    No comments

  • Unlock a Bike. Unlock Miami.

    By Diane Ryan, Citibank Southeast Division Manager December 19, 2014 10:00 AM

    Miami is one of Citi's most important U.S. markets, and we are stepping up our engagement with the growing Miami community through a series of initiatives that prioritize quality of life and increase our visibility throughout the city. Each unique experience offers a new way for Citi to be a part of people's everyday lives.

    In early October, Citi was proud to announce its title sponsorship of the enormously popular Miami Beach bike share program and a major expansion of the program to Downtown Miami and Coconut Grove. The expansion builds on the success of the current program, which launched in 2011 with 1,000 bikes at 100 stations throughout Miami Beach and will feature a total of 1,750 bikes at 170 stations. Citi will be title sponsor of the program for at least five years, and DECOBIKE will continue as the program operator.

    No comments

  • 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.

    No comments

  • $50 Billion Climate Change Investment Initiative

    By Bruce Schlein, Director of Corporate Sustainability, Citi April 23, 2014 04:19 PM

    Back in 2007, Citi set a landmark goal to direct $50 billion over 10 years to activities that mitigate climate change. The scope of this initiative includes internal operational projects as well as financing for alternative energy, energy efficiency, investments in clean technology, and lending for green affordable housing and other community assets. This week, we announced that we have reached this goal three years early, directing $53.85 billion to these initiatives through the end of the year. We are very proud of this achievement and are now developing a new target, with the aim of spurring additional environmental financing and expanded reporting.

    1 comment

  • Citi Breaks a Record in the Earth Hour 2014 Participation

    By Steven Avadek, Global Head of Sustainability, Citi Realty Services April 18, 2014 04:01 PM

    Citibank House Branch Dubai, UAE Participates in Earth Hour

    For the seventh consecutive year, Citi showed its support for environmental sustainability by participating in Earth Hour. The company turned off lights in a record 3,046 of its 6,967 office facilities and branches worldwide. During Earth Hour 2014, a global initiative led by World Wildlife Fund, individuals, businesses, governments and communities were invited to turn out their lights for one hour on Saturday, March 29, at 8:30 p.m.

    No comments

  • How a Water Pump is Changing the Lives of Farmers in Africa

    April 11, 2014 01:04 PM

    An extended version of this article first appeared on as part of Citi'sVoice.

    When your product is instrumental in creating 150,000 new businesses and increases its users' incomes by 500 percent, the world takes notice. But the product in question isn't an app or the latest digital device. KickStart, founded by Martin Fisher and Nick Moon, puts new irrigation technologies into the hands of local entrepreneurs in Africa.

    Most small-scale farmers in Africa depend on rain -- an unreliable source of water for agriculture. In 1998, Fisher and Moon presented these farmers with an affordable solution: the MoneyMaker irrigation pump.

    No comments

  • Let's Stop Wasting Our Power: Energy Efficiency will Create Jobs and make our Communities, Cities and the Environment Cleaner

    By Bruce Schlein, Director Corporate Sustainability, Citi April 07, 2014 12:36 PM

    It's estimated that there is $1 trillion in cost savings currently locked up in the form of inefficient appliances, furnaces, water heaters and other energy-wasting parts of our built environment. We have a tremendous untapped opportunity to create jobs and invest in our communities and cities today by making energy efficiency upgrades in our homes. By using more efficient appliances and other easy-to-implement solutions, the average household stands to save nearly $400 per year.

    While the potential savings from changes are great, the barriers are high. The cost of the average residential energy efficiency improvement project is $8,000 to $10,000. The opportunity to make improvements usually surfaces as a result of an emergency: a furnace, water heater or air conditioning system fails and either needs to be repaired quickly or be replaced with the more costly option of an energy-efficient unit.

    No comments

  • 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.

    1 comment