The deal is estimated to reduce carbon emissions by 41,496 tonnes.
Citi has entered into a multi-year agreement with CLP Power Hong Kong to buy 106.4 million kilowatt-hours (kWh) of electricity generated from local renewable energy sources until 2027.
The deal is expected to result in a reduction of 41,496 tonnes of CO2 emissions, the bank said in a press release.
‘As a longstanding corporate citizen of Hong Kong, we have a commitment and responsibility to create a positive impact in the community where we live and work. This includes our ongoing effort to reduce the environmental footprint of our operations,” said Aveline San, CEO of Citi Hong Kong and Macau.
ALSO READ: Citibank Singapore names retail banking head
“Having achieved our global goal to be 100% powered by renewable energy in 2020, we are proud to be taking our environmental sustainability commitment to the next level by sourcing local renewable energy through our partnership with CLP Power. We look forward to further deepening our collaboration with CLP Power on driving a more sustainable future through innovative solutions and initiatives,” San said.
Follow the link for more news on
Join Hong Kong Business community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
