New Citi Impact Fund Announces First Investments
Citigroup, Inc. (C)
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citigroup.com/citi/investor/pres.htm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Following the launch of the Citi Impact Fund, the company announced today its first four investments in “double bottom line” companies through the new fund. The companies are Fulcrum BioEnergy, ICON, PadSplit, and The Mom Project.“The COVID-19 pandemic is requiring us to rethink how we work,” said Ed Skyler, Head of Global Public Affairs at Citi. “These companies have created distinct approaches for what’s possible as we address some of the biggest challenges we face today, such as creating affordable housing, reducing carbon emissions and bringing top female talent back to the workplace. We’re proud to invest in these four companies that are having a positive impact on society.”Launched earlier this year, the $150 million Citi Impact Fund is the largest fund of its kind to be launched by a bank using its own capital. The fund is focused on companies that are addressing five societal challenges:Workforce Development – training and connecting people to ca
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