Citi Launches Green Deposits, a New Sustainable Investment Solution

Published

London: Citi Treasury and Trade Solutions announces the launch of a green time deposit product with enhanced yield. The new fixed-term green deposit gives Citi’s clients the ability to invest their short-term liquidity in environmentally friendly projects.

Citi is guided by a commitment to achieve a positive social and environmental impact through its products and services and its work with clients. This new offering arrives on the market as more companies have an increased awareness of the importance of ESG and sustainable investing, and want to direct their long and short-term investment portfolio towards financial solutions that have a positive environmental and societal impact.

Investments in Citi’s green deposit solution will be allocated to finance or refinance a portfolio of green projects that meet the rigorous environmental finance eligibility criteria defined in the Citi Green Bond Framework, established by Citi to finance solutions and developments designed to aim to reduce the impacts of climate change. The Citi Green Bond Framework is aligned with the recommendations of the International Capital Market Association Green Bond Principles 2018 and assists in advancing the United Nation Sustainable Development Goals.

Stephen Randall, Citi Treasury and Trade Solution’s Global Head of Liquidity Management Services, said: “With our new green deposit solution, we are expanding our sustainable investment offering to serve the needs of our clients and assist them in achieving their sustainability goals.”

Recognising the increasing urgency of climate change, earlier this year Citi launched its 2025 Sustainable Progress Strategy with the ambition to be a leading bank in driving the transition to a low-carbon economy. This strategy builds upon a long track record of sustainable finance commitments by focusing on a new five-year $250 Billion Environmental Finance Goal to advance solutions to address climate change around the world in addition to priorities focused on climate risk and sustainable operations.

Val Smith, Citi’s Chief Sustainability Officer, said: “Citi’s launch of a green deposit offering is a great example of next generation sustainable finance solutions for our clients. We are seeing demand for a full range of sustainability offerings, and we are committed to working with our clients as they look towards a smooth transition to a low-carbon economy.”

Most recent episodes

From 2020 to 2021: Treasury in Transition

Over the last 12 months, the treasury community has successfully navigated some of the toughest trading and operational conditions in living memory. In this interview, Peter Cunningham, Citi, chats to TMI’s Eleanor...

24:59

A New Era for Treasury Centralisation

The second instalment of the Journeys to Treasury podcast series sees Wim Grosemans, BNP Paribas Cash Management, and Didier Vandenhaute, PwC, consider why centralisation has become such a persistent theme for treasurers in a Covid-19 world. In this episode, our...

18:40

Re-tooling Treasury for a Resilient Future

Preparing for the unknown is a challenge. But forward-thinking treasurers are beginning to access real-time useable data to optimise cash forecasting – and automating investment processes. Eleanor Hill speaks to Jim...

32:28

Innovation for Long Term Resilience

Johnny Grimes, Deutsche Bank, joins TMI's Eleanor Hill in the TreasuryCast studio to cover the ways in which treasury functions have hastily adapted to counteract the disruption caused by the ongoing pandemic. Our guest considers how an accelerated pace of...

19:17

Journeys to Treasury: What’s New for 2021?

In this special edition of TreasuryCast, Jan Dirk van Beusekom, BNP Paribas, and François Masquelier, SimplyTREASURY, join Eleanor Hill to contemplate findings from the first chapter of the 2020 - 2021 Journeys to...

22:29

Easing Bank Connectivity with Fintech Innovations

How can technology advances – and fintech solutions – help to streamline the banking experience for corporates? And what are the best practice guidelines treasurers can follow while embarking on their digital...

19:58

E-commerce and Strong Customer Authentication: Treasury Imperatives

TMI's Eleanor Hill invites Sara Savidge and Colm O'Monachain, Merchant Services, Wholesale Payments, J.P. Morgan to sit in the TreasuryCast hotseat and discuss how corporate...

13:25

Preparing for the Next Digital Treasury Challenge

We speak with Boris Lipiainen, Chief Technology Officer and Simon Shorthose, MD, Northern Europe, Kyriba, about how the world is changing for treasurers and CFOs, how to prepare for the next challenges and about the...

13:38

Treasury in 2021

What's in store for treasury in 2021? TMI's Eleanor Hill chats with Jared Smith, Managing Director, Global Head - Corporates, Global Liquidity and Cash Management, HSBC, to discuss how unprecedented economic circumstances are facilitating an uptake in digital...

15:27

The Future of the TMS After the Pandemic

In this interview with Nik Romano, Managing Director, EMEA Emerging Markets, Ky...

23:43