Results tagged as "sustainability"

  • Vélib' - A Success Story on Bike-Sharing in Paris

    By Albert Asseraf, Vice President of Strategy, Research and Marketing at JCDecaux July 22, 2013 03:10 PM

    Note: This is part of a series featuring 2012 FT/Citi Ingenuity Award winners. Vélib' won in the infrastructure category.

    Vélib' is the world's third-largest bike-sharing program, the largest outside of China, offering a way to experience the "City of Light" on two wheels. Launched in Paris in 2007, Vélib' is now widely regarded not just as a business success, but also as a social phenomenon and is credited with inspiring other major European cities to start their own bike-shares.

    However, the bike-sharing concept is not new. JCDecaux, the company behind Vélib', first inaugurated the self-service bicycle rental system in Vienna in 2003, it was followed by several other European self-service bike projects before Vélib' launched six years ago. Our service is now widely spread, with bikes available in Dublin, Seville, Brussels, and even as far as Toyama in Japan.

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  • Living in a Better World: Protecting Biodiversity through Collaboration

    By Mark Eckstein, Managing Director of WWF-US, International Finance June 05, 2013 04:39 PM

    For more than 50 years, World Wildlife Fund has been at the forefront of global species conservation. We employ a variety of strategies, from confronting poachers in the field, to protecting important habitats, to working with governments to enact smart policies. During the past decade, we've been focused on an increasingly important track: engagement with the world's biggest companies and financial institutions to enhance our efforts.

    Our Work with Companies:
    Much of WWFs work with the private sector focuses on strategic food and fiber sectors whose production and trade can threaten biodiversity and ecosystem services globally. We work with producers to demonstrate the business case for more sustainable production, and we work with multi-stakeholder groups to develop sustainability standards, such as the Roundtable on Sustainable Palm Oil, that can shift production practices at scale. Another example is WWF's Global Forest & Trade Network that provides sustainability guidance to forestry companies and those purchasing and financing forest products. As our partner, Citigroup has been an active member of the GFTN North America advisory board for the past six years in support of this work.

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  • What Makes a City Sustainable?

    By Patrick Brett, Managing Director, Citi For Cities May 31, 2013 12:13 PM

    Citi has recently been involved in a project in Brazil that highlights how cities can become more sustainable. For three weeks in April myself and Derek Rego, from transaction banking, worked in Porto Alegre, the capital and largest city in the Brazilian state of Rio Grande do Sul, with a population of around 1.5 million people.

    We were invited to participate in IBM's Smarter Cities Challenge program, which has sent a team of executives (usually all from IBM), to 100 cities over the last three years. Porto Alegre's goal for our three-week project was to learn about how technology - social media, mobile and data processing - can make their city smarter (or more "cognitive" as the Mayor put it) so that decision-making is better informed, citizens are more engaged and citizens' daily lives are improved.

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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 Wind Power Makes Our World Better

    By EDF Renewable Energy May 14, 2013 05:37 PM

    Wind, as a source of energy, has numerous advantages and is a responsible way of addressing our current and future energy needs.

    1) Wind energy is renewable and clean. Wind is generated from a pollution-free and inexhaustible natural resource that protects both air and water quality. Citi recently helped finance EDF RE's Pacific Wind project located in Kern County, California, which achieved commercial operation in 2012 and can supply the electricity needs of 54,000 households. In addition, the Pacific Wind Project encompasses approximately 8,500 acres of leased land, but less than 2 percent of the land area will be occupied by wind turbines, allowing the balance to remain largely undisturbed.

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  • Living in a Better World: 3 Ways Citi is Helping the Planet

    By Steven E. Avadek, Director and Global Head, Sustainability, Citi May 10, 2013 04:19 PM

    From left to right: Bill Cho, Citibank Area Director for NYC, Don Callahan, Citi CAO, Val Smith, Director of Citi's Corporate Sustainability and Scot Horst, Senior Vice President of LEED

    As a global financial institution doing business in more than 160 countries, we have an expansive real estate footprint with more than 12,000 locations around the world. Our branches, ATMs, data centers and offices collectively consume the same amount of energy each year as countries like Senegal or Nicaragua. This is significant from both a financial and environmental perspective.

    Here are 3 ways decreasing our environmental footprint enhances Citi and helps protect the planet:

    1. Making a measurable impact. We actively manage our impact on the environment by having programs in place that reduce our carbon emissions, energy consumption, water use and creation of waste. In 2011, Citi achieved its first publicly stated goal of reducing our emissions by 10 percent from a 2005 baseline. In fact, we reduced our carbon emissions by 13.5 percent.

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  • Living In A Better World: 3 Ways Digitization Makes Our World a More Sustainable Place

    By Jonathan Larsen, Head of Consumer Banking, Asia Pacific May 07, 2013 11:36 AM

    Digitization is a hot topic as more of the world moves toward online banking. For Citi, digitization is important because of the ways we use technological advances to make the world not only more convenient, but more sustainable. One progressive part of Citi's digitization efforts is the recent unveiling of Citibank Express, a machine that links physical and digital banking channels, allowing customers to do almost all of their banking outside of a branch. These are the three ways this development helps make the world a better place:

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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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  • Living in a Better, More Sustainable World

    By Pam Flaherty, Director, Corporate Citizenship, Citi May 01, 2013 04:05 PM

    Living in a better world is dependent upon becoming more sustainable, but too often we use this term as shorthand for "environmental sustainability." For Citi, sustainability is inherently tied to environmental, social AND financial performance. Business alignment and execution are critically important and we make sure that our sustainability strategy is aligned with and embedded in Citi's businesses, and that our initiatives are implementable. Citi was named last month as the "World's Greenest Bank" by Bloomberg Markets. This is due to a strong sustainability strategy, and strong execution. Our approach to sustainability is:

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