In 2002, Citi launched a comprehensive process to track, report, and manage our environmental footprint performance. We developed a web-based global environmental database to serve as a repository for this data, and trained facilities managers worldwide to use the database so that the performance of our buildings could be tracked over the course of the year. This process involves over 400 staffers, who gather detailed data from more than 14,000 properties, encompassing over 90 million square feet of space in more than 100 countries.

In January 2006, Citi announced the goal of reducing our global emissions by 10% from our 2005 level by the year 2011.

In other initiatives, Citi is working with IT equipment manufacturers to achieve greater heating and cooling efficiency. In London, we teamed up with the Carbon Trust to capture energy savings of more than 1,500 MWh in 2005. The final numbers are not in yet, but we anticipate a savings of about 5,800 MWh in energy for our United Kingdom portfolio for 2006.

Citi also participates in programs to help inform and shape our greenhouse gas (GHG) efforts:

• Business Roundtable Climate Resolve Project – Companies that sign on as members of this project take voluntary actions to reduce, offset, sequester, or avoid GHG emissions. Members are encouraged to set a reduction goal that is consistent with the U.S. Government’s goal of reducing the GHG intensity of the U.S. economy by 18 percent from 2002 to 2012.


• World Resources Institute (WRI) Climate Northeast Project – Through this project, WRI works with member companies to facilitate the development and implementation of climate change strategies.


• U.S. Environmental Protection Agency (EPA):
  
  
  • Climate Leaders – An industry-government partnership of leaders that are adopting aggressive goals to reduce emissions at facilities.
  
  
  • Energy Star – Protecting the environment with energy saving products and practices.
  
  
  • Green Power Partnership – Purchasing green power as a way to reduce the environmental impacts associated with conventional electricity use.

To further reduce our carbon footprint, Citi also makes significant purchases of green power. In 2005, we purchased 10,478 MWh of certified green electric power, and in 2006 we purchased 52,283 MWh globally. For more information on our energy footprint, please see pages 42-44 of our 2005 Citizenship Report.