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Citigroup Inc. (NYSE: C)
December 07, 2006
Citigroup Awarded “Green Enterprise of the Year: Certificate of Merit” by Federation of Hong Kong Industries
Hong Kong – The Federation of Hong Kong Industries (FHKI) has awarded Citigroup the Green Enterprise of the Year: Certificate of Merit in recognition for its successful implementation of FHKI's inaugural One-One-One Program. It recognizes Citigroup’s effort and outstanding progress in its environmental program, which includes energy conservation, recycling of resources and green management.
In the area of energy conservation, Citigroup Hong Kong has introduced measures including the installation of timers to shut down vending machines, drinking water dispensers, printers and photocopiers after normal office hours; revision of lighting schedule in offices, Citibank Tower neon signage and retail branch signage; and maintain optimal temperature in offices and non-critical equipment rooms. As a result, Citigroup has reduced energy consumption in the first ten months by 954.47MWH after factoring out variables. The projected savings for 2006 is 1,272 MWH.
Citigroup has also launched an aggressive Recycling Program to separate recyclable waste from general garbage. This includes educating its staff on the importance of eliminating wastage and recycling. Rubbish bins under desks have been replaced with specially designed recycling collection boxes at each workstation. Citigroup is the pioneer in Hong Kong in rolling out this single-bin system with significant results. In addition, the bank has actively applied the 3R’s i.e., “Reduce”, “Re-Use” and “Recycle” in its daily operations.
The implementation of green management includes product eco-design, cleaner production, green procurement and corporate governance, and aims to reduce energy consumption, water consumption and ozone depletion. These green management initiatives have achieved and successfully reduced environmental impact in its day-to-day operations. Citigroup Hong Kong targets to achieve 60-70% recycling in 2006.
“Being awarded the Green Enterprise of the Year: Certificate of Merit is a recognition of Citigroup’s ongoing effort in environmental protection. Being a responsible corporate citizen, we will continue to do our part in maintaining environmentally-friendly office premises,” said Mr. T.C. Chan, Citigroup Country Officer and Head of Greater China, Corporate and Investment Banking.
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Citigroup
Citigroup, the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.