Citigroup to use only renewable energy by 2020

Citigroup Inc has pledged to purchase and produce all of its energy from renewable sources by the year 2020.

Micheal Eckhart, Citigroup’s head of environmental finance issued the statement at the Climate Week New York, an annual energy and climate event held to correspond with the United Nations General Meeting.

Citigroup will be joining 110 other company’s who have also pledged their support to use and produce clean energy but will be the only company to set a three-year goal.

During the event Eckhart outlined Citigroup’s bank goals. He lent his voice with other companies making such promise and says they are a reflection of the corporate world.

“With or without a White House climate policy much of the U.S and the rest of the world are committed to a clean energy system” he said.

Other company’s that have pledged to use clean energy include, Estee Lauder, Kellog Co, DBS Bank Ltd, Clif Bar & Co, Morgan Stanley, Apple Inc, BMW Group plc., Diageo Plc. and Wal-Mart stores Inc.