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Article: Citigroup Reduces Environmental Impact of Its Paper Practices; Environmental Defense Teams Up With Citigroup, Switching Financial Giant to Recycled Paper.
- Article from:
- AScribe Business & Economics News Service
- Article date:
- June 24, 2003
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Byline: Environmental Defense
NEW YORK, June 24 (AScribe Newswire) -- Today, Citigroup and Environmental Defense announced that all of Citigroup's Citibank, Global Corporate and Investment Bank, and Global Investment Management locations in the United States have adopted 30 percent postconsumer recycled copy paper. The new paper will cost the same or less than the virgin paper the company had been using.
"This initiative shows that companies can improve paper practices without increasing costs," said Iris Gold, Vice President of Environmental Affairs at Citigroup. "We are hopeful that our work with Environmental Defense sets an example for other ...