Global banking giant Citi has today become a Climate Bonds Partner.
Philip Brown, Head of EMEA Fixed Income Public Sector and SRI Origination, said:
“Earlier this year, Citi announced a goal to lend, invest and facilitate a total of $100 billion within the next 10 years to finance activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. This goal demonstrates our commitment to finding innovative ways to finance projects that lead to sustainable growth."
“Citi helps clients worldwide access new sources of capital for clean energy projects. We also work with clients to develop projects, technologies and services that reduce greenhouse gas and other emissions."
“We’re keen to work more closely with the Climate Bonds Initiative to support this young but important market and encourage the flow of public and private sector capital to develop and finance global climate solutions”
Climate Bonds CEO, Sean Kidney, said:
“Citi has been an incredibly important bank in the development of the green bonds market to date.”
“They have not only been a huge lender to climate solutions around the world, but in structured finance they have, among other things, pioneered rooftop solar tax equity and set up ground-breaking energy efficiency loan securitization platforms with Renew Financial and Kilowatt Financial.”
“Citi also played a founding role in the setting up of that vital industry initiative, the Green Bond Principles.”
“Our joint mission as Partners is to rapidly grow the pipeline of investment in low-carbon and climate adaptation solutions.”
About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit. It is the only organization in the world working exclusively to mobilise the USD 100 trillion bond market for climate change solutions.
The Climate Bonds Initiative has issued an open invitation to banks, issuers, investors and NGOs to join as Climate Bond Partners to help rapidly grow a green and climate bonds.
Partner roles:
- Develop initiatives to grow investment in climate solutions.
- Participate in different market development activities.
- Help define policy agendas for sector and country programs.
Partners receive:
- Access to bonds data, including the latest green and climate bonds, underwriter details and new investment areas.
- Market insights, tailored staff briefings and support to make the most of opportunities in the growing green bonds market.
- Opportunities to connect with policy-makers, banks, investors and other Partners.
Click here for a full list of Partners.
Visit our Climate Bonds Partners page or email to find out more on how to become a Partner.
