The addition will enable Citi clients to elect to invest cash collateral under socially responsible investment (SRI) principles that consider environment, social and governance (ESG) factors.
The solution was developed in partnership with Sustainalytics, an ESG research firm that enables SRI clients to apply customized multi-dimensional ESG screens to create a eligible securities for investment by the collateral management team.
Citi’s new SRI offering is available to securities lenders through OpenLend, a boutique service to enhance portfolio performance by delivering an open architecture that provides access to agency, third-party, hybrid and exclusives lending by leveraging Citi’s key strengths: unsurpassed global branch network, flexibility, innovation, dynamic reporting, risk management and real-time controls.
