Citigroup Inc. said it will reach a long-term goal of financing $100 billion worth of activities that reduce the impacts of climate change four years ahead of schedule.
The company, which also on Wednesday became the first major U.S. bank to support a set of United Nations-backed principles for responsible banking, now expects to meet its environmental-finance benchmark this year, it said in a statement. The bank originally expected to reach the goal in 2023.
