Citgroup commits $100 billion toward sustainability

Category: 2040s Here 2015 Blog
Published Date
Written by Tony Dickey Hits: 1411

 

Sustainability in demand

Citigroup’s Smith confirmed that the company’s announcement comes in the face of immense client demand for sustainable investing: “You probably can follow the chain. Our clients are demanding it, our clients’ clients are demanding it, our clients’ investors are demanding it. There is a momentum and focus on solving big global societal problems that everybody is rallying to.” Citigroup to invest $100bn in tackling climate change

To be balanced, Citigroup still holds substantial investment in coal. The important take away is that the bank's clients are pushing for more sustainable investment.