Citi, a bank that aspires to operate with 100% renewable energy

Renewable bank

Citi has as part of its objectives the commitment to reduce environmental impact of all its operations, at least that is what this bank has reported.

To fulfill this commitment aims to cover 100% of your energy needs global with renewable energy with forecast for the year 2020.

The CEO of Citi called Michael corbat noted in a statement: "We are committed to the use of renewable energy to meet the energy needs of all our operations, while continuing to provide financing for projects related to energy efficiency and clean energy for our customers."

This is why for increase energy transition and being able to focus on efficiency as a “critical” component of its strategy, this “Citi” bank explained that it will consider possibility of generating electricity "in situ", something that they will achieve by carrying out purchase agreements for intensive energy generation facilities such as data centers, in addition to the appropriate use of the renewable energy credits.

In this sense, said entity stressed that in New York, where will the your new headquarters, still under construction, has been chosen to obtain the LEED Platinum qualification, the highest level that the Green Building in the United States can award.

Likewise, he explained that one of its main data centers, located in Texas, already works with renewable energies, with 50%, thanks to a contract signed with Green-E that also provides security and price stability.

"With a focus on innovation and efficiency, we continue to challenge ourselves to improve our facilities and operations around the world," said Citi Chief Technology Officer Don Callahan.

Similarly, he indicated that Citi is in search of new alliances to meet "this ambitious goal."

The results

According to the entity's data, it has been achieved since 2005 increase your energy efficiency by 25%, reduce by 20% water use, divert a 61% of the waste, as well as increase your portfolio with real estate with LEED certification at 20%.

Of course, it is quite a challenge what these people at CitiBank have proposed but a challenge that over time they are achieving it, I only hope that they can meet their objectives and can operate with 100% renewable energy. They will show that these energies can be counted on and made use of without any mishap, lowering costs and thus reducing the environmental impacts generated by fossil fuels and other types of energy production.


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