The ESG Phenomenon: Citigroup, Agilent Technologies, Singapore

Editorial Staff

7 October 2022

Citigroup
A deposit programme that taps into sustainable investments – run by life sciences and diagnostics firm Agilent Technologies – has been launched into the Singapore market. It has also been introduced in Hong Kong.

The Sustainable Time Deposit solution enables Agilent to align its treasury operations with its 2050 net-zero commitment by partnering with banks with a portfolio of sustainability initiatives.

Funds deposited into Citi’s Sustainable Time Deposit solution are allocated to finance or refinance assets in a portfolio of eligible green and/or social finance projects, based on criteria set in the Citi Green Bond Framework, Social Finance Framework, and Social Bond for Affordable Housing framework. These frameworks support the United Nations SDGs.

“At Agilent, we are committed to sustainability and environmental protection since our founding,” Sally Shung, associate vice president, assistant treasurer for Asia-Pacific and Europe, Middle East and Africa region, Agilent, said.