Citigroup Inc. is expanding its climate goals with a plan to reduce its financing to heavy-polluting industries, including automakers and thermal coal-mining companies.
The bank said in this year’s climate report published Thursday that it’s adding 2030 net-zero emissions targets for its lending to the automobile, commercial real estate, steel and thermal coal-mining industries. Citigroup has already made pledges related to the energy and power sectors.
Source: bloomberg.com
