Environmental Defense＋Citi group

Overview

Since 1984, Environmental Defense has been inspiring change by connecting people with environmental issues that affect their daily lives in their homes, workplaces and neighbourhoods. Details are described in following link.
Citigroup, the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
Citigroup and The Alliance for Environmental Innovation have teamed up to help reduce the environmental impact of copy paper.
Together the Alliance, a project of Environmental Defense, and Citigroup are working to increase the recycled content in copy paper, reduce copy paper use, and develop environmental evaluation criteria for paper suppliers. All of Citigroup’s Citibank, Global Corporate and Investment Bank, and Global Investment Management locations in the United States have adopted 30% postconsumer recycled copy paper.
The combined efforts of Citigroup and Environmental Defense will generate annual savings of 1,000 tons of solid waste, 19 million gallons of wastewater pollution, and 2,000 tons of greenhouse gas emissions.

Points about the partnership

By working with Environmental Defense to improve purchasing practices, Citigroup successfully increased the recycled content in the copy paper it uses and secured recycled paper at price parity to virgin paper from two paper suppliers. Environmental Defense also consulted with Citigroup to develop an annual evaluation for paper suppliers that addresses manufacturing impacts, forest management practices, environmental management, and regulatory compliance.