Global bank Citigroup is to source all its electricity needs from renewable energy by 2020.
Citi said it will consider onsite electricity generation, power purchase agreements for energy-intensive properties, such as data centers, and renewable energy credits.
It owns or leases over 17 million square metres of real estate in 94 countries, consisting of more than 7900 properties.
Citi chief executive Michael Corbat said: “We’re committed to using renewable power sources for our global operations while continuing to provide financing for our clients’ renewable energy and energy efficiency projects around the world.”
Image: Citi offices at Canary Wharf in the UK (Wikimedia Commons)
Citi sets 100% clean power goal
Bank will consider onsite generation, PPAs and renewable energy credits
By EBS