Skip to content
Subscriber Only
Green
Finance

On Fraser’s First Day as Citi CEO, Bank Vows Net-Zero Emissions

  • Fraser announces target for 2050 as she succeeds Corbat
  • Citi to unveil initial plan for achieving goal within a year
Jane Fraser
Jane FraserPhotographer: Rodrigo Capote/Bloomberg

On her first day as chief executive officer, Jane Fraser vowed Citigroup Inc. would achieve net-zero greenhouse-gas emissions in its financing activities by 2050.

The bank will produce an initial plan for reaching the goal within the next year, Fraser said in a blog post Monday. It will include specific targets for carbon-intensive sectors such as energy to reduce their emissions by 2030, she said.