Citi’s Fraser makes net zero pledge on first day

Fraser, Jane (Citigroup) from co for use Mar21 575x375
By Jon Hay
01 Mar 2021

Jane Fraser, CEO of Citigroup, said on Monday — her first day in the post — that the bank was committing itself to net zero financed greenhouse gas emissions by 2050. It joins major banks such as Barclays, HSBC and Morgan Stanley in having made such a promise.

“Our ESG agenda can’t just be a separate layer that sits above what we do day-to-day,” said Fraser in a statement. “Our commitments to closing the gender pay gap, to advancing racial equity, and to pioneering the green agenda have demonstrated that this is good for business and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial