the Sugar Conspiracy

Monday, February 02, 2004

Citigroup does the right thing

Citigroup, the world's largest financial institution, has agreed to stop investment in mining, drilling and logging programs in certain tropical forests following four years of protests organized nationally by the Rainforest Action Network and locally by NYU students.

Citigroup adopted its environmental policy to deforestation and protect human rights and endangered ecosystems. . . .

. . .The new policy also requires that indigenous people near investment projects have representation and access to information about the project.

In line with the new environmental guidelines, Citigroup also audited its energy consumption in the 10,000 buildings that it leases or owns worldwide, and plans to report annually on the greenhouse gases produced by all of its energy investments.

Story.

posted by chris at 9:36 AM
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