Citi Ranked Greenest Bank by Newsweek Magazine
Citigroup has been ranked the greenest bank in the United States by Newsweek magazine on the annual Newsweek “Green Rankings.” This comprehensively assess the environmental performance of the largest publicly traded companies in the U.S. and around the world, for which Citi was ranked the 17th in the United States- the highest ranking of any U.S.-based bank for the second year in a row. This is thanks to its role in the creation of the Equator Principles and Carbon Principles, two standards for addressing environmental and social risks in the financial sector, and its $50 billion Climate Initiative aimed at supporting renewable energy, energy efficiency and clean technology. Also, Citi has directed over $36.4 billion as part of the 10-year initiative announced in 2007, including financing for two of the world’s largest solar energy projects.