The ESG Phenomenon: Citigroup, UBS

Editorial Staff

8 April 2022

Citigroup
has joined a group that supports “green software” as part of its drive to help reduce carbon emissions, the Swiss bank said yesterday. The lender has joined the Green Software Foundation as a steering member.

The foundation is a non-profit formed under the Linux Foundation with the aim of creating an ecosystem of people, standards, tooling, and best practices for building green software.

The link between the bank and the foundation will be driven by UBS’s Sustainable Technology Guild, formed in 2021 to help deliver the firm’s “Net Zero by 2050” commitment.