Citigroup Inc. will eventually expect borrowers to have a credible plan for measuring and reducing their carbon footprint as part of the bank’s pledge to achieve net-zero greenhouse-gas emissions.
The firm is still formulating plans for how it will go about pulling off its pledge, Chief Executive Officer Jane Fraser said Tuesday at the WSJ CEO Council conference. When asked how the firm would respond to a natural-gas driller looking for a 30 year loan to build infrastructure, Fraser said it would start with a conversation.
