Citigroup Forms Partnership to Reduce Environmental Impact of Copy Paper

Citigroup Forms Partnership to Reduce Environmental Impact of Copy Paper

Citigroup and The Alliance for Environmental Innovation have teamed up to help reduce the environmental impact of copy paper.

Together the Alliance, a project of Environmental Defense, and Citigroup will work to increase the recycled content in copy paper, reduce copy paper use, and develop environmental evaluation criteria for paper suppliers.

As part of this project, Citigroup worked with the Alliance and paper suppliers to begin the testing of 30% postconsumer recycled copy paper for internal use in April. If successful, Citigroup will recommend the purchase of postconsumer recycled copy paper for all U.S. operations, generating significant environmental benefits.

"Citigroup salutes and strongly supports the work being done by the Alliance for Environmental Innovation and is pleased to partner with them on this project," said Pamela P. Flaherty, senior vice president of Global Community Relations at Citigroup. "Our company is strongly committed to helping preserve the environment for future generations and our employees are looking forward to volunteering to help find ways to create environmentally beneficial results when producing and using copy paper."

"The myth of the 'paperless office' is just that. Even with a move towards paperless technologies, the amount of copy paper used continues to increase dramatically causing significant environmental impacts," said Jackie Cefola of the Alliance for Environmental Innovation. "We look forward to working with Citigroup to reduce the water and energy consumption, air pollution and solid waste associated with copy paper and set an important example for other service firms."

The Citigroup/Alliance copy paper project will be carried out by a team with members from both organizations. Citigroup employees participating on the team will represent areas including business services, purchasing, marketing and environmental affairs. The project's success will be measured by the extent to which it delivers significant and measurable reductions in energy and resource use, solid waste, and pollution; proves that environmental improvements to copy paper practices are economically and functionally viable; and drives positive change for other service firms.