The company said the award focuses exclusively on innovation in products, structures and delivery. Among the reasons cited for Citi's selection, the company said, were its $50 billion commitment to addressing global climate change; its work on the Noble Environmental Power project, a 15-year, $741 million construction and term loan and the leadership of Citi's Environmental Products trading team in developing new transaction structures that deliver sustainable margins to buyers and sellers in a volatile price environment.
"We are proud and delighted to win this award," said Sandip Sen, head of Citi's Alternative Energy Group. "Citi has been a leader in environmental sustainability for eight years and we remain committed to supporting energy-saving 'green' projects in the marketplace and within our own operations. We do this in service to our clients and the world because it makes good business sense and addresses what is, arguably, the single biggest issue facing the world - the issue of climate change."
Pam Flaherty, President & CEO of the Citi Foundation and director of Corporate Citizenship, said, "Citi has been working on environmental sustainability projects for eight years and has built a very substantial track record. It is a measure of the seriousness with which Citi has taken this commitment that climate change has not slipped by the wayside during the current economic downturn."
More Information:
www.citigroup.com
www.citi.com
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