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Citigroup sets goal to achieve net-zero emissions by 2050

Citigroup sets goal to achieve net-zero emissions by 2050

Sylvan Lane reports on The Hill that Citigroup has announced net-zero emissions goals by 2050.

The C3 Take
  • Citigroup, Morgan Stanley, Bank of America, and JPMorgan Chase have all announced emissions reduction targets.
  • Financial services have a huge role to play in decarbonizing different sectors of our economy.
  • Citigroup’s emissions reduction goals reiterate that free markets tend to be clean markets.

“‘Net zero means rethinking our business and helping our clients rethink theirs. For banks, what some don’t realize is that net zero includes not just our own operations but also our core business impacts – in other words, our financing,’ said Citigroup CEO Jane Fraser in a blog post Monday, her first day as the company’s chief executive.”

Read the full article here.

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