Citigroup Adopts Corporate Policy to Protect Environment

Policy commits Citigroup to invest in sustainable forestry and renewable energy, among other initiatives

Published: 22-Jan-2004

Citigroup intends to become more environmentally friendly.

The nation's largest financial institution announced Thursday that it is adopting a corporate policy to carefully evaluate requests for project financing that could adversely affect the environment.

It also bans funding for illegal logging operations and commits Citigroup "to invest in sustainable forestry and renewable energy."

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