Citi announced the implementation of a new sustainability-linked supply chain finance program for chemical and consumer goods company, Henkel. Initially launched for the company\u2019s suppliers in Algeria, the initiative marks Citi\u2019s first Middle East and North Africa (MENA) SSCF program, as the bank looks to expand its sustainable finance activities.<\/p>\n\n\n\n
Marcel Hanen, Citi Regional Head of the Global Subsidiaries Group – Middle East, North Africa, Pakistan and Turkey, said:<\/p>\n\n\n\n
\u201cWe are excited to be partnering with Henkel and helping them to achieve their sustainability goals via the launch of the first Sustainable Supply Chain Financing Program for Citi in the MENAPT region. Like Henkel, our ESG commitments are an essential part of our firm’s strategy and we are committed to provide innovative ESG-linked solutions to our clients and to expand the use of our Sustainable Supply Chain Financing Program in the region.\u201d<\/p><\/blockquote>\n\n\n\n
Supply chain finance programs provide financing to companies\u2019 suppliers when products are delivered or services provided until the date on which payment is owed, accelerating cash flow and financing costs for the suppliers. Under the new program, Henkel\u2019s suppliers who demonstrate strong or improving sustainability performance can access Citi’s supply chain financing at preferential rates, with rates improving along with sustainability scores.<\/p>\n\n\n\n
B\u00fclent Pehlivan, Regional Head of Finance – India, Middle East and Africa said:<\/p>\n\n\n\n
\u201cWith sustainability being at the core of our company’s strategy, we are engaging in a range of activities with new ways of growing and innovative solutions to create value. We are delighted to collaborate with Citi Group to introduce a sustainable supply chain financing program for the first time in the region. Launching first in Algeria, we are committed to continue to implement it in other countries of the region in the near future.\u201d<\/p><\/blockquote>\n\n\n\n
The program launch follows a series of commitments by Citi to significantly grow its sustainable finance activities, including pledges made last year to facilitate $1 trillion in sustainable finance<\/a> by 2030, including the deployment of $500 billion to environmental finance. Citi has also committed to a 2050 net zero<\/a> greenhouse gas (GHG) financing target.<\/p>\n\n\n\n
Dave Aldred. MENA Head, Treasury and Trade Solutions, Citi, said:<\/p>\n\n\n\n
\u201cWe are proud to be collaborating with Henkel in this first SSCF program in the MENA region.\u00a0 It is really pleasing to see that Henkel and Citi share a strategic focus on ESG.\u00a0 At Citi we are looking forward to this partnership and journey with Henkel which will ensure that we continue to adapt and develop our ESG solutions even further.\u201d<\/p><\/blockquote>\n\n
\n <\/div>\n\n<\/span>","protected":false},"excerpt":{"rendered":"Citi announced the implementation of a new sustainability-linked supply chain finance program for chemical and consumer goods company, Henkel. Initially launched for the company\u2019s suppliers in Algeria, the initiative marks Citi\u2019s first Middle East and North Africa (MENA) SSCF program, as the bank looks to expand its sustainable finance activities. Marcel Hanen, Citi Regional Head […]<\/p>\n","protected":false},"author":2,"featured_media":7630,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,30],"tags":[],"acf":[],"yoast_head":"\n
Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Citi announced the implementation of a new sustainability-linked supply chain finance program for chemical and consumer goods company, Henkel. Initially launched for the company\u2019s suppliers in Algeria, the initiative marks Citi\u2019s first Middle East and North Africa (MENA) SSCF program, as the bank looks to expand its sustainable finance activities. Marcel Hanen, Citi Regional Head […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T12:26:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-13T12:26:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2022\/01\/Citi-HK.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1015\" \/>\n\t<meta property=\"og:image:height\" content=\"475\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region\",\"datePublished\":\"2022-01-13T12:26:00+00:00\",\"dateModified\":\"2022-01-13T12:26:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\"},\"wordCount\":431,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Companies\",\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\",\"url\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\",\"name\":\"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2022-01-13T12:26:00+00:00\",\"dateModified\":\"2022-01-13T12:26:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/","og_locale":"en_US","og_type":"article","og_title":"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today","og_description":"Citi announced the implementation of a new sustainability-linked supply chain finance program for chemical and consumer goods company, Henkel. Initially launched for the company\u2019s suppliers in Algeria, the initiative marks Citi\u2019s first Middle East and North Africa (MENA) SSCF program, as the bank looks to expand its sustainable finance activities. Marcel Hanen, Citi Regional Head […]","og_url":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2022-01-13T12:26:00+00:00","article_modified_time":"2022-01-13T12:26:03+00:00","og_image":[{"width":1015,"height":475,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2022\/01\/Citi-HK.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region","datePublished":"2022-01-13T12:26:00+00:00","dateModified":"2022-01-13T12:26:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/"},"wordCount":431,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Companies","Sustainable Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/","url":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/","name":"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2022-01-13T12:26:00+00:00","dateModified":"2022-01-13T12:26:03+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/citi-launches-its-first-sustainability-linked-supply-chain-finance-program-in-mena-region\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"Citi Launches its First Sustainability-Linked Supply Chain Finance Program in MENA Region"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/7629"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=7629"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/7629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/7630"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=7629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=7629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=7629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}