Korea Citibank Achieves Record Half-Year Sustainable Finance Results in Asia-Pacific Region, Up 400% Year-on-Year

[Asia Economy Reporter Song Seung-seop] Citibank Korea has achieved its highest-ever semiannual performance in the sustainable finance sector in the Asia-Pacific region.

According to Citibank Korea on the 9th, the sustainable finance-related performance in the Asia-Pacific region for the first half of this year reached $25 billion, an increase of more than 400% compared to the same period last year. The number of transactions was also the highest in the Asia-Pacific region with 17 cases. The balance exceeded $8.1 billion.

Major transactions conducted by Citibank Korea include the 'SK Hynix Global Bond' issued in January for investment in sustainable growth. It is a type of green bond with a 10-year maturity. There are also four Alibaba Group bonds totaling $5 billion, including a 20-year maturity sustainable bond issued in February.

Citigroup aims to achieve carbon neutrality within the group by 2030. Citibank Korea recently established an ESG (Environmental, Social, and Governance) council. This year's strategic goal is also 'Best ESG Bank,' focusing on expanding ESG finance.

Peter Barbez, CEO of Citibank Asia-Pacific, emphasized, "As a global company, we are striving to support the transition to a low-carbon economy," and added, "We believe sustainable finance is both an opportunity and an obligation to achieve decarbonization."

This content was produced with the assistance of AI translation services.