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Partner Profile
| Citi | |
| Location | New York, NY |
| Organization Type | Banking & Fin. Srvcs. |
| Percentage Green Power | 5% |
| Percent of Green Power Use Third-Party Certified (excluding On-site) | 100% |
| Organization-wide Purchase | Yes |
Environmental Web Page  | |
| Partner Profile Citigroup is one of the world's largest financial services company. Citigroup's actions regarding the environment, and indeed all its actions, are guided by the company's core values--Shared Responsibilities to clients, each other, and to the franchise. Therefore, Citigroup has established a comprehensive set of practices around sustainable business. The company's employees, clients, shareholders, and partners can confidently expect Citigroup to continue its commitment to leading in this area. Citigroup's clients benefit from its expertise in evaluating risk and the company's employees benefit because its leadership in sustainability engenders a pride that is unequaled in its experience as a franchise. One of the most prominent examples of Citigroup's commitment to environmental protection is its involvement with the Equator Principles. In 2003, it was one of four international banks behind the creation of the Principles, now the industry standard to ensure that large project finance deals -- such as dams, power plants, and pipelines -- do not damage the environment. But the Principles are only part of the story. The Corporate Investment Bank has an expanded Environmental and Social Risk Management Policy. Citigroup Alternative Investments has a Sustainable Development Investment Program that invests in renewable energy and clean technology. Citigroup Realty Services has committed to reduce the greenhouse gas emissions from Citigroup's buildings globally 10 percent by 2011. Since 2003, Citigroup has been monitoring and reporting its greenhouse gas emissions and working toward reducing those emissions at all of its facilities worldwide. In 2004, Citigroup made its first purchase of certified "green" energy. Citigroup also has undertaken a portfolio review of its real estate to learn how its 100 largest buildings stack up against LEED (Leadership in Energy & Environmental Design) certification requirements. Based on those findings, the company will then review its entire worldwide real estate portfolio and create a "green" roadmap to help it improve the efficiency of its buildings. Additionally, Citigroup is working with the U.S. Green Building Council, acting as a test case in the development of an efficient, streamlined process that will enable companies to earn LEED ratings and certifications across an entire real estate portfolio, rather than applying for a LEED certification one building at a time. Citigroup also has joined the U.S. Environmental Protection Agency's Climate Leaders Program. | |