• Citi $50 Billion Climate Change Investment Initiative

    18 July 2014

    In 2007, Citi set a landmark goal to direct $50 billion over 10 years to activities that mitigate climate change.

    Offshorewindpark Burbo Bank
    UKs-Wind-Power-Breaks-Record-by-Generating-6GWThe 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. On 23 April citi announced that they have reached this goal three years early, directing $53.85 billion to these initiatives through the end of the year.

    Citi Director of Corporate Sustainability, Bruce Schlein, said: “The reaching of the $50 billion goal is something we can all be proud, and especially the numerous teams and individuals at Citi who contributed. While we’re very proud of what we’ve accomplished, we know there is still much more to be done. We are now preparing to establish a new environmental finance target, which would include climate mitigation activities as well as other financing to support the environment and help communities and cities adapt to our changing climate.”

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