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Jane Fraser, CEO of Citigroup, said on Monday — her first day in the post — that the bank was committing itself to net zero financed greenhouse gas emissions by 2050. It joins major banks such as Barclays, HSBC and Morgan Stanley in having made such a promise.
Synopsis Citigroup CEO Fraser's skills, attitude and global perspective will come in handy as she turns her attention to what could be one of the biggest cleanup jobs of her career: Citigroup itself. Fraser is taking the reins as Democratic lawmakers are gearing up to hit big companies hard over racial inequality, global warming and the yawning gap in pay between CEOs and workers. Some of those issues have been exacerbated by the pandemic. NEW YORK: On Jane Fraser’s desk at Citigroup’s downtown Manhattan headquarters sits a map of Puerto Rico made from trees downed by Hurricane Maria, whi...