Citi, a major financial institution, has revealed that a significant portion of its energy clients are lacking climate transition plans. According to Citi's recent report, a staggering 42% of these clients do not have strategies in place to address the challenges posed by climate change.
This revelation comes at a time when the global financial sector is increasingly recognizing the importance of sustainability and environmental responsibility. As the impacts of climate change become more pronounced, banks and other financial institutions are under growing pressure to align their operations with climate goals and support the transition to a low-carbon economy.
