Citigroup's Assessment of Energy Clients' Transition to Low-Carbon Future

By
Edda Lundgren
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

In its recent climate report, Citigroup Inc. unveiled that 42% of its energy sector clients lack a substantive plan for aligning their emissions with a net zero pathway or are unlikely to transition at all. The report is based on initial results from Citigroup's net zero review template, which aims to assess clients' preparedness for the low-carbon transition. This disclosure sheds light on the current status of energy companies in embracing a more sustainable and environmentally friendly approach. It highlights the urgency for businesses to proactively address their environmental impact and adapt to a rapidly changing landscape.

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