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Citi

Citi to Finance $100bn Climate Change Projects

Citi says it will lend, invest and facilitate a total of $100 billion in the next 10 years to finance activities that reduce the impacts of climate change and benefit the environment. The banking giant’s previous $50 billion goal, announced in 2007, was met three years early in 2013. Citi … Read more »

Best Global Green Brands Revealed

Best Global Green Brands Revealed

Ford is the no. 1 green brand, stealing the top spot from Toyota, which has been at the top of Interbrand’s Best Global Green Brands report since the list debuted in 2011. In the 2014 list, Toyota falls to no. 2, with Honda, Nissan and Panasonic rounding out the top … Read more »

The Business Case for Environmental Due Diligence

Conducting due diligence on the environmental and social practices of small and growing agricultural businesses yields financial benefits to lenders that partially or fully offset the costs involved, according to nonprofit agriculture lender Root Capital. The issue brief is the first in Root Capital’s new Issue Brief Series, supported by … Read more »

How To Align Profit and Sustainability

Johnson & Johnson has set up a fund for greenhouse gas reduction projects like chiller optimization and solar PV installations — just one example of how companies are allocating capital for long-term environmental performance, according to a report by the World Resources Institute. Aligning Profit and Environmental Sustainability: Stories from … Read more »

Companies’ Sustainability Improves – But Reputations Worsen

Companies’ Sustainability Improves – But Reputations Worsen

AXA, Coca-Cola, Deustche Bank, EADS, General Electric and L’Oreal – companies that last year were not getting enough credit for their actual environmental, social and governance performance – have now earned reputations that match their relatively high sustainability achievements, according to a report by Brandlogic and CRD Analytics. The 2012 … Read more »

PG&E Becomes a Better Buildings Ally; C3 Commits to Green Button Initiative

Pacific Gas and Electric Company says it will provide energy efficiency programs that will reach 30 million square feet of its commercial customers by 2015 as a Better Buildings Challenge Utility Ally. The US Department of Energy estimates that the energy to operate the buildings in which people work, shop … Read more »

Citi Sustainability Report: Meets 2011 10% Carbon Reduction Goal

Citi Sustainability Report: Meets 2011 10% Carbon Reduction Goal

Financial giant Citi has exceeded its 2011 goal to reduce operational greenhouse gas emissions by 10 percent from a 2005 baseline, according to the company’s 2011 Global Citizenship Report. In 2011 the company produced a net total of 1.075 million metric tons of CO2 equivalent, down from a net total … Read more »

JPMorgan, Citi, BofA Slammed Over Coal Investment

JPMorgan, Citi, BofA Slammed Over Coal Investment

JP Morgan Chase, Citi and Bank of America have been branded the worst three “climate killers” in the financial sector over their large-scale investments in coal industries, in a report by German green group Urgewald, South African organizations GroundWork and Earthlife Africa Johannesburg and international financial sector monitor BankTrack. Figures in … Read more »

Renewables Briefing: L’Oréal, Snyder’s-Lance, Cape Wind

L’Oréal USA is partnering with GeoPeak Energy in a purchase power agreement (PPA) to install a 1.4 MW photovoltaic solar system at L’Oréal’s Piscataway, N.J. manufacturing facility. It is the company’s first U.S.-based green energy application. According to L’Oréal, the new system is expected to reduce the plant’s CO2 by … Read more »

UBS, Citi Outperform Their Reputations, Study Finds

UBS, Citi Outperform Their Reputations, Study Finds

Google, Apple and Honda have earned reputations that far exceed their actual environmental, social and governance (ESG) performance, while UBS and Citi don’t get enough credit for their sustainability initiatives, according to a report by Brandlogic and CRD Analytics. The study (pdf) of 100 leading global brands across nine major … Read more »