The CTS paper-free effort for institutional clients builds on similar successful consumer programs across the bank. Since 2008, Citi’s global consumer credit card business has seen a paperless statement penetration rate grow to approximately 30% of its customers worldwide. In 2009, Citi Cards received the Arbor Day Foundation’s Promise to the Earth Award for its support of tree planting programs through paperless statement initiatives.Citi’s commitment to environmental sustainability is part of its broader approach to Responsible Finance. Citi was also the first major U.S. bank to sign the United Nations Global Compact, a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.
Citi Encourages Institutional Clients To ‘Go Paper-free’ With Plant-for-the-Planet
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