PROVIDENCE – Citizens Bank corporate clients can now support green industries and companies through their deposits, according to a news release.
The company on July 21 launched its Green Deposits program, offering clients the option to direct cash reserves to support renewable energy; green transport; sustainable food, agriculture and forestry; waste management; and greenhouse gas reduction.
As part of its support for renewable energy, Citizens Assets Finance provides equity investments. Since 2015, it has invested $403 million in eight U.S. wind farm projects.
The company also recently adopted turrets to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2035.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
