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IMDR’s Journal of Management Development and Research 2022-23

supply chain by 1 billion metric tonnes (a gigaton) by 2030. Since 2019, HSBC has been a partner in
Walmart's Sustainable Supply Chain Finance programme (SSCF).

APPLE
Apple Inc. is an American multinational technology company headquartered in Cupertino, California,
that specializes in consumer electronics, software, and online services. Apple is the world's largest
company by market capitalization, the fourth-largest personal computer vendor by unit sales, and the
second-largest mobile phone manufacturer, with revenues totaling US$365.8 billion in 2021. it is one
of the Big Five American information technology companies.
Here are some of the highlights of Apple's sustainability efforts.
Corporate emissions are carbon neutral: Apple has been carbon neutral for corporate emissions since
April 2020 by sourcing 100 per cent renewable electricity for Apple facilities, implementing energy
efficiency initiatives, and securing carbon offsets for remaining emissions.
40% reduction in total emissions: Apple's environmental initiatives avoided over 23 million metric
tonnes of emissions across all scopes in the fiscal year 2021, and they reduced their carbon footprint by
40% compared to the fiscal year 2015. This was made possible by efforts and initiatives that they have
been developing for years, such as sourcing 100 per cent renewable electricity for their facilities,
transitioning suppliers to clean energy, and using low-carbon materials in products.
Governance: Apple embeds transparency and accountability at every level of the organization. Apple's
board and governance structure foster principled actions, informed and effective decision-making, and
appropriate compliance and performance monitoring. They have pledged to conduct business ethically,
truthfully, and by all applicable laws and regulations.

CITIBANK
Citigroup Inc., also known as Citi, is a multinational investment bank and financial services corporation
based in New York City. Citigroup is the third largest banking institution in the United States, and it is
one of the Big Four banking institutions, along with JPMorgan Chase, Bank of America, and Wells
Fargo. The Financial Stability Board considers it a systemically important bank, and it is frequently
cited as being too big to fail. It is one of Bulge Bracket's nine global investment banks. As of 2022,
Citigroup is ranked 44th on the Fortune 500. Citigroup has over 200 million customer accounts and
operates in over 160 countries.
The last year has seen significant progress in Citi's commitment to combating the climate crisis. In July
2020, CITI announced their new five-year, 2025 Sustainable Progress Strategy, which includes a $250
billion environmental finance goal, to help accelerate the transition to a low-carbon economy. CITI
recently announced their commitment to net zero emissions by 2050, as well as the first steps it will
take to get there.
CITI is now committing $1 trillion to sustainable finance by 2030, aligning with the ambitious agenda
of the United Nations' Sustainable Development Goals (SDGs) and expanding on the work they
outlined in their 2025 Sustainable Progress Strategy. This $1 trillion includes, crucially, increasing their
current environmental finance target from $250 billion by 2025 to $500 billion by 2030. they will
finance and facilitate a wide range of climate solutions, from renewable energy and clean technology to
water conservation and sustainable transportation, and will accelerate the transition to a low-carbon
economy that balances society's environmental, social, and economic needs. In addition to
environmental finance, CITI funds a wide range of other SDG-related activities. Significant
investments are being made in education, affordable housing, health care, economic inclusion,
community finance, international development finance, racial and ethnic diversity, and gender equality.
As part of their $1 trillion sustainable finance effort, they are committing an additional $500 billion to
these activities by 2030. Citi launched a $1 billion strategic initiative in 2020 to help close the racial
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