READING MONDAY: Citi Hong Kong invests in renewable energy credits
Source: https://esg.theasset.com/ESG/37840/citi-hong-kong-invests-in-renewable-energy-credits-
Purchase of renewable energy certificates for 300,00 kWh of electricity puts Citi on track to meet environmental footprint goal of sourcing renewable power for 100 percent of its needs by 2020
By The Asset
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Citi is taking an important step towards achieving its goal to source renewable power for 100 percent of its global electricity needs through the purchase of renewable energy certificates (RECs) from CLP Power Hong Kong Limited (CLP) and the Hongkong Electric Company, Limited (HK Electric). The investment equates to the purchasing of a combined 300,000 kWh of electricity generated by local renewable energy sources, making Citi the current top renewable energy certificate purchaser in the Hong Kong financial sector. These renewable energy resources are either generated or purchased by CLP and HK Electric, and include solar and wind power projects.
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