The International Finance Corporation (IFC) and Citi have unveiled a $2 billion program to bolster sustainable supply chain finance in emerging markets. The initiative, starting with a $500 million facility...
In 2023, Citi reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles amidst a complex global backdrop marked by environmental urgencies and socio-economic shifts. The annual ESG report outlines...
Three of the largest North American banks have agreed to publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for the banking sector After...
RMI, in cooperation with leading global banks—BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale, and Standard Chartered—and in consultation with industry, experts, and additional financial institutions has developed a first-of-its-kind framework...
In the comprehensive report titled “Citi’s Approach to Climate Change and Net Zero” released on March 28, 2024, by Citi under the stewardship of Chief Executive Officer Jane Fraser, the...
The International Finance Corporation (IFC) and Citi have agreed to launch a $300 million facility pilot under IFC’s newly established Global Supply Chain Finance Program (GSCF). The pilot will help...
Iberdrola has reinforced its liquidity position with a new 500 million euros green loan granted by Citi, and partly guaranteed by the Norwegian Export Credit Agency. The transaction represents the first...
The alliance between Citi and Compartamos Financiera consists of a US$ 20MM Medium Term Loan – 65% of the funds will be used to finance loans to women entrepreneurs. As...
A leading provider of B2B payment solutions, Hokodo, and global financial services firm Citi announced their collaboration to power payments for Covento, a first-of-its-kind renewable energy marketplace. The strategic collaboration will...
Citi released its 2022 Environmental, Social and Governance (ESG) Report, highlighting progress across Citi and the Citi Foundation toward building more sustainable, diverse and equitable communities around the world. This annual...
Vodafone suppliers to receive better rates based on improvements to environmental sustainability Citi, in collaboration with Vodafone Group Plc, announces the addition of environmental criteria to Vodafone’s Supply Chain Finance...
Citi has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals. Citi’s new Sustainable Time...
U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, steel and real estate clients by the end of this decade, in...
Citi announced the release of three Global Perspectives & Solutions reports that highlight a range of challenges and opportunities related to the climate crisis. The new research, which underscore the...
Citigroup Inc. is creating dedicated coverage teams to advise Australian companies on the energy transition, as well as other environmental, social and governance issues. “There’s a lot of opportunity even in...
Stockholm — A New Model for Green Steel Demand Microsoft has signed two agreements with Swedish green steelmaker Stegra, marking one of the most significant corporate commitments yet to near-zero...
China has pledged for the first time to cut its greenhouse gas emissions in absolute terms, committing to reduce economy-wide net emissions by 7–10% from peak levels by 2035, “striving...
In manufacturing, the risks are high for any company that jumps right into the next emerging technology without first doing research and developing a thoughtful, strategic business plan for implementation...
Brazil Ramps Up Forest Finance The Brazil Restoration and Bioeconomy Finance Coalition (BRB Finance Coalition) has secured more than $4.5 billion in commitments to forest and bioeconomy projects, accelerating momentum...
Redwood Conservation Anchors Apple’s U.S. Climate Strategy Apple has partnered with The Conservation Fund to restore and sustainably manage the Gualala River Forest, a coastal redwood landscape that has long...
Microsoft Backs Cement Decarbonization Microsoft has taken another step to decarbonize its global operations, announcing an investment through its Climate Innovation Fund in Fortera, a U.S.-based developer of low-carbon cement....
A Global Platform Backed by Masdar and the Zayed Sustainability Prize Masdar’s Women in Sustainability, Environment and Renewable Energy (WiSER) initiative has opened applications for its 2026 WiSER Pioneers Program,...
Madrid strategy sets course for next decade Iberdrola, Europe’s largest utility, unveiled a sweeping €110 billion ($120 billion) investment plan through 2031, cementing its shift away from risk-heavy renewable generation...
Paris: A Decisive Step in France’s Energy Transition The French government has selected TotalEnergies, in partnership with RWE, to develop and operate the “Centre Manche 2” offshore wind project, the...
Global Push from Climate Week NYC Schneider Electric used Climate Week NYC to announce a major expansion of its global supply chain decarbonization programs, doubling down on its strategy to...
A New Phase for Australia’s Renewable Sector La Caisse, the Canadian investment group formerly known as CDPQ, has reached binding agreements to acquire Edify Energy, one of Australia’s leading renewable...
A Defining Call in New York At the opening of the Global Renewables Summit during Climate Week NYC, an influential gathering of heads of government, corporate executives, financiers, and civil...
New York Sets the Stage for Belém Speaking at Climate Week in Manhattan, UN Climate Change Executive Secretary Simon Stiell urged governments and business leaders to “step it up fast”...
Singapore turns to global carbon markets The Singapore government will purchase 2.175 million tonnes of nature-based carbon credits from projects in Ghana, Peru, and Paraguay, marking one of its largest...
A Strategic Response to Market Complexity Ahead of New York Climate Week, the Principles for Responsible Investment (PRI) Academy and Wharton Executive Education announced the launch of a joint executive...
Fusion Moves Closer to Market Italian energy major Eni has agreed to purchase more than $1 billion worth of electricity from Commonwealth Fusion Systems’ (CFS) first commercial-scale fusion power plant,...
San Francisco Nonprofit Targets Bottleneck in Carbon Markets Cool Effect, a Bay Area nonprofit focused on advancing high-quality carbon projects, has launched a $1 million award designed to help promising...
A New Approach to Food Waste IKEA U.S. has launched a food waste pilot program that takes a direct aim at one of retail’s most stubborn environmental challenges: organic waste....
Papenburg project moves forward Mercedes-Benz AG and UKA Group have received clearance to begin construction of a 140-megawatt wind farm on the automaker’s 800-hectare test track in northern Germany. Scheduled...