Green Power Partnership
|Location||New York, NY|
|Organization Type||Banking & Fin. Srvcs.|
|Annual Green Power Usage (kWh)||100,004,259|
|Percentage Green Power||11%|
|Percent of Green Power Use Third-Party Certified (excluding On-site)||100%|
|Partner's Reporting Period||1/1/2014 - 12/31/2014|
|Latest Annual Report Received On||4/9/2015|
|Environmental Web Page|
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi has established a comprehensive set of practices around sustainable business.
Our sustainability activities are organized under three primary pillars: Environmental Finance; Environmental and Social Risk Management; and Operations and Supply Chain. Citi’s environmental sustainability focus includes reducing the environmental footprint of our business, managing the environmental and social risk of our financing according to the highest international standards, and providing financing to initiatives that are environmentally beneficial.
Citi is committed to financing climate positive activity. In 2003, Citi was one of four international banks behind the creation of the Equator Principles, now the industry standard to ensure that large project finance deals mitigate damage the environment. In 2010, Citi was elected Chair of the Equator Principles Association. In 2011, Citi became one of the founding Financial Allies of the Obama Administration’s Better Buildings Challenge and is pursuing at least $500 million in financing for energy efficiency projects as part of the initiative. Citi has launched a new $100 Billion, Ten-Year Environmental Finance Initiative to lend, invest and facilitate $100 billion over ten years to activities focused on environmental solutions and reducing the impacts of climate change globally.
Citi has been listed on the Dow Jones Sustainability World Index since 2001; part of FTSE4Good since 2002; ranked World’s Greenest Bank by Bloomberg Markets; and named the Most Innovative Investment Bank in Climate Change and Sustainability by The Banker magazine. We have had a formal process for engaging with stakeholders on sustainability issues since the late 1990s, and we began publishing an annual Global Citizenship Report on these issues in 2001. Since 2003, Citi has been monitoring and reporting its greenhouse gas emissions and working toward reducing those emissions at all of its facilities worldwide. Citi has invested in renewable energy every year since 2004 and has been an EPA Green Power Partner since 2006. Each year, green power purchases of over 100 million RECs continue to support the LEED program and offset the environmental impacts of company operations.
In 2013, we met our 2015 operational performance goals for GHG emissions and waste two years early, reducing absolute emissions by 25 percent and waste to landfill by 40 percent from a 2005 baseline. Citi is on track to meet its 2015 goals of reducing water usage by 20 percent and making its global real estate portfolio 20 percent more energy efficient and 15 percent LEED certified. Citi has established new 2020 environmental footprint goals that include a science-based approach to our GHG emissions reduction of 35 percent and 30 percent energy reduction along with new goals including 30 percent waste diversion rate, 60 percent reduction in water use, and a 33 percent increase of LEED certified facilities in our real estate portfolio.