EGP and Citibanamex, five years of sustainable leadership in Mexico
Enel Green Power and Citibanamex celebrate the fifth anniversary of a pioneering agreement for the sustainable development of the Mexican financial sector. To celebrate, the two companies commit to continue this path of sustainability, innovation and the creation of shared value.
In 2014, Enel Green Power began supplying electricity from the Dominica Wind Farm (San Luis Potosí) to the Citibanamex branch network. In this way, the Mexican National Bank became the first financial institution to have renewable electricity to power its operation in the country.
Leading sustainable development
Five years have passed since this milestone, a sustainable development in Mexico, and a fully integrated aspect regarding the strategy of both companies. Citibanamex bases its business model on sustainability, thus supporting its commitment to sustainable finance, the analysis of social and environmental risks and the value chain, minimizing the environmental footprint in all its operations.
“One of our priorities in terms of sustainability is to reduce the operational environmental footprint of all areas, buildings and branches of our business, as well as integrate our suppliers into this strategy. To achieve this, we develop actions such as: the use of renewable energy; the decrease in water consumption, through treatment and reuse; ‘paperneutral’ strategy, favoring digitalization; and green or sustainable building. The agreement with Enel Green Power has allowed us to provide more than 220 of our branches, distributed throughout the Republic, with renewable energy.”
– Ernesto Torres Cantú, General Director of Citibanamex
The supply agreement signed by both companies includes the supply of up to 90 GWh of renewable electricity annually. To date, around 250 GWh of green electricity have been provided, which have helped to avoid the emission of more than 145 thousand tons of CO2, which would be sufficient to fill the Azteca Stadium in Mexico City 42 times. To compensate for these emissions, almost four million trees should be planted.
Allies in the creation of shared value
“Citibanamex decided to become a pioneer five years ago, risking to open an unexplored path in its sector. Thanks to his example, many other companies became aware of the need to rethink their energy supply and opt for renewable and sustainable options. We are pleased to have been your ally on this path, which still has a long way to go. We hope to continue innovating together for the benefit of Mexican society.”
– Paolo Romanacci, Country Manager at Enel Green Power México
Enel Green Power is not just a simple electricity supplier, we also create alliances with our customers through three axes: we share our global experience; we offer our proven project development capacity; and we offer reliable renewable energy solutions. All our projects are based on sustainability, innovation and a proactive approach to create shared value for us, our allies and for the communities in which we operate.
A greener future for Mexico
Enel Green Power will continue its commitment to support Citibanamex and other companies to achieve their sustainability goals, creating economic value while addressing the effects of climate change. Only then will Mexico have the green future we all want.