2023-04-18 04:24:30 ET
- Citi ( NYSE: C ) in collaboration with Vodafone Group Plc ( NASDAQ: VOD ), announces the addition of environmental criteria to Vodafone’s Supply Chain Finance Programme (SCF), to deliver sustainability-linked solution for its suppliers.
- With the new intergration, Vodafone suppliers to receive better rates based on improvements to environmental sustainability.
- SCF programmes benefits companies and their suppliers as they prioritise their working capital positions respectively.
- The launch comes as Citi continues to roll out sustainable Trade and Working Capital solutions, including Sustainability-linked Supply Chain Finance, as part of its commitment to help clients with solutions to achieve their environmental ambitions.
- "As a firm, we are committed to reaching net zero greenhouse gas emissions by 2050 and are pleased to be supporting Vodafone with its own important efforts to meet its broader emissions reduction goals", commented Chris Cox, Global Head of Trade and Working Capital Solutions, Treasury and Trade Solutions.
- See how Citi's ( C ) key stats rank against its too-big-to-fail bank peers .
- Dig into Citi's ( C ) Q1 earnings report .
For further details see:
Citi strengthens partnership with Vodafone to aid emission control through Supply Chain Finance