Citi Perspectives Spring 2020

34 | Treasury and Trade Solutions for programs to which contributions can be directed. There are no upfront capital requirements as the rebates earned from the corporate travel program fund the investment; it can also be easily extended to meetings and events or B2B payments in order to maximize investment in reforestation initiatives. As a result, clients gain a turnkey travel solution that aligns with their ESG goals. A commitment to sustainability As one of the world’s leading financial services companies, Citi addresses the complex challenges associated with sustainability through its core finance and investment activities, working to incorporate sustainability principles into everything it does to help ensure business success, improve operations and contribute to a strong global economy. A critical part of this work involves delivering client-focused solutions that have the potential to achieve a global impact on the sustainability challenges facing the world. Travel is essential to modern businesses. But it also has profound environmental consequences. The changing business environment — and corporates’ rapidly evolving approach to ESG — mean that an increasing number of companies are seeking solutions to mitigate the environmental impact of their business travel, including efforts to responsibly reduce travel. As a complement to a broader program to reduce operational emissions, including those from travel, corporates can also enhance their contributions to climate change mitigation by channeling additional resources to natural solutions like reforestation. By integrating a streamlined reforestation solution within a comprehensive T&E program, Citi’s Sustainable Commercial Cards provides corporates an immediate and convenient avenue to harness their T&E program’s rebates to do so at scale, contributing further to their overall ESG objectives — it is possible to do good, and do well.