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- In 2017, Citi committed to power all its facilities with renewable energy by 2020 and contracted 62% as of 2018.
- Citi is on target to meet its 2020 environmental footprint goals, including a 30% reduction in energy and water use.
- Citi is the first U.S. bank to endorse the Principles for Responsible Banking, a set of principles that define a sustainable banking system which were developed by a core group of banks and the U.N. Environment Finance Initiative.
- As of 2018, Citi counted $95.3 billion of environmental financing, which helped avoid an estimated 8.5 million metric tons of CO2 emissions and supported 37,000 jobs.
- At the end of 2018, Citi adopted a policy restricting project-related financial services for new construction or expansion of coal-fired power plants, and introduced a new due diligence approach to evaluate our clients’ carbon emissions and intensity and 2-degree alignment strategies. Citi was an early supporter of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) and its recommendations on voluntary climate disclosures. It was the first major U.S. bank to publish a robust climate disclosure report about the bank’s implementation of the TFCD recommendations, including the results of its climate scenario analysis pilot.
- In January 2019, Citi issued its inaugural green bond – a 1 billion euro, three-year fixed-rate note – which will fund renewable energy, sustainable transportation, water quality and conservation, energy efficiency, and green building projects financed as part of its $100 billion goal and released its first Green Bond Report in September 2019.
For more information, please visit citi.com/sustainability.
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