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New Citi boss unveils net-zero financed emissions vision Finance giant Citigroup s new chief executive, Jane Fraser, has unveiled a new commitment to reach net-zero financed emissions by 2050. Our ESG agenda can t just be a separate layer that sits above what we do day-to-day, Fraser said in a statement.
On her first day in post on Monday (1 March), Fraser confirmed that the business will publish its first roadmap to reaching net-zero within a year. The plan will cover emissions from all scopes, with a focus on Scope 3 (indirect) emissions from the projects and businesses which Citi finances. As well as overarching targets for reducing emissions, the plan will contain interim sector-specific targets for high-carbon sectors. Energy and power sector players, for example, will get specific targets for 2030. Citigroup will assess which other sectors will benefit from such targets. ....