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Citigroup launches new ESG investment banking group

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Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental ...

Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment to an area that has grown increasingly important to corporate clients and investors.

The New York-based company said its Sustainability & Corporate Transitions group will be led by Banking, Capital Markets and Advisory Chief Strategy Officer Bridget Fawcett and Keith Tuffley, who has lead the unit's sustainability efforts so far.

The European Securities and Markets Authority said in a February report the ESG Leaders 50 index has for the past two years outperformed the corresponding benchmark index.

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