Citi Wins “Most Innovative Bank in Climate Change” A
from The Banker Magazine
Value of Citi’s “Green” Initiatives Approach $22 Billion
October 21, 2009 12:01 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Citi announced today it had been named “Most Innovative Bank in Climate Chan
Magazine, a prestigious global publication on banking and finance.
The award is unique in that it focuses exclusively on innovation – in products, structures and delivery. Among the reasons cited for
were its ground-breaking $50 billion commitment to addressing global climate change; its work on the Noble Environmental Power
$741 million construction and term loan that remains the largest wind financing deal to date; and the leadership of Citi’s Environment
trading team in developing new transaction structures that deliver sustainable margins to buyers and sellers in a volatile price environ
“We are proud and delighted to win this award,” said Sandip Sen, head of Citi’s Alternative Energy Group. “Citi has been a leader
sustainability for eight years and we remain committed to supporting energy-saving ‘green’ projects in the marketplace and within o
We do this in service to our clients and the world because it makes good business sense and addresses what is, arguably, the single
facing the world – the issue of climate change.”
Now in its seventh year, The Banker’s Investment Banking Awards recognize the impact of innovation in helping banks evolve to m
requirements. Winners are selected by a panel of high-level independent judges drawn from the global business and finance commu
Citi’s commitment to integrating social and environmental responsibility into its global operations is long-standing. In May 2007, the
10-year, $50 billion initiative to address global climate change through investments, financings and related activities that support the
and growth of alternative energy and clean technology in markets around the world. In 2008, Citi helped craft the Carbon Principles
groundbreaking industry