Citi Deploys Sustainable Working Capital Lending Solution

Citi launched a new sustainable business lending and working capital solution (T&WC Sustainable Loans) in Asia Pacific, Europe, Middle East and Africa, and Latin America.

The solution is part of Citi’s efforts to advance its environmental, social and governance (ESG) agenda. It follows the roll-out of the bank’s sustainable supply chain finance offering.

T&WC loans help clients manage their working capital needs, financing their international trade finance activities and general day-to-day business activities, while supporting their sustainability goals.

A portion of the loan proceeds is used for environmental or social purposes. The solution provides an incentive pricing framework if certain sustainability criteria are met.

“As our clients also place ESG at the center of their corporate agendas, we work hand-in-hand with them to support the transition to sustainable and low-carbon business models,” says Kanika Thakur, Head of Commerce , Treasury and Asia-Pacific. business solutions at Citi. “T&WC Sustainable Lending adds to Citi’s growing suite of ESG-related trade finance products and services and we remain committed to introducing new and innovative solutions for our clients in this area.

The offering will initially launch in 80 countries across EMEA, LatAm and APAC, and will then roll out in North America throughout 2022.