11/2/2009, "Small business loans scarce at large banks," UPI
"Citibank, whose parent company Citigroup Inc., accepted $50 billion in federal funds, made eight SBA 7(a) loans in the state in the same period, lending $2.4 million."...Citibank's "portfolio of climate-related activities is valued at over $24.3 billion."
----------------------------------------------------
4/16/09, "Wall Street realized there was money to be made by going green." Robert Redford
(Green, sustainable, renewable, climate, etc., used interchangeably. ed.)
----------------------------------------------------
10/14/10, "Citi wins "Most Innovative Investment Bank for Climate Change and Sustainability" Award from The Banker Magazine for the second year"
"Citi has mobilized over $24.3 billion to date as part of 10-year, $50 billion initiative to address global climate change announced in 2007"
"Citi announced today it had been named "Most Innovative Investment Bank in Climate Change and Sustainability" for the second year in a row by The Banker Magazine, a prestigious global publication affiliated with the Financial Times.
Citi CEO, Vikram Pandit, said, "Citi has built a substantial track record in environmental sustainability in the last decade. We take great pride in the fact that focusing on sustainability is a priority for our businesses and is consistent with our commitment to Responsible Finance."...
Among the successes cited for Citi's selection were progress on its $50 billion initiative to address global climate change; its work with The AES Corporation on the Armenia Mountain wind project, the first major financing transaction to utilize a bridge to the treasury grant that was made available to renewable energy projects under the federal stimulus package; the bank's work on the Terra-Gen Alta Wind Power project, a $1.2 billion debt financing that remains the largest wind financing deal to date....
The Banker's Investment Banking Awards winners are selected by a panel of high-level independent judges drawn from the global business and finance community....
In May 2007, the bank announced a 10-year, $50 billion initiative to address global climate change through investments, financings and related activities that support the commercialization and growth of alternative energy and clean technology in markets around the world. In 2010, Citi was elected Chair of the Equator Principles Financial Institutions....Co-developed by Citi in 2003, the Equator Principles have grown to include a network of over 60 international banks, becoming a gold standard for managing environmental and social risks associated with Project Finance....
Citi is a member of the Dow Jones Sustainability World Index (DJSI), and in 2010 became the first major U.S. bank to join the United Nations Global Compact, a policy platform and framework for companies committed to sustainability and responsible business practices. Earlier this year, Citi was named "America's Greenest Bank" in the Money Center category by Bank Technology News.
Climate Change Projects
Citi is well ahead of its 2007 goal to direct $50 billion towards climate change related activities over 10 years. Today, the company's portfolio of climate-related activities is valued at over $24.3 billion, including 2009 commitments totaling $5.11 billion."...
via Climate Depot
No comments:
Post a Comment