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Citi to Start Measuring How Much Carbon Emission Comes From Its Loans

Citigroup Said to Oust Traders After Stocks Misconduct Probe
Photographer: Justin Chin/Bloomberg

Citigroup Inc., one of the biggest lenders to energy companies, said it will measure and disclose emissions tied to its massive lending portfolio and is working to finance $250 billion of sustainable activities by 2025 after reaching an earlier goal four years ahead of schedule.

The new goal includes financing or advancing initiatives such as clean technology, water conservation or sustainable agriculture, the New York-based lender said in a statement on Wednesday. Citigroup also said it is on track to power its own facilities using only renewable electricity by year-end.