Citi has launched an integrated Environmental, Social and Corporate Governance (ESG) and multi-currency notional pooling capability offering in Luxembourg.

The banking group said the move will allow clients to harness multi-currency notional pooling, automated ESG investments options and wider liquidity management capabilities, including target balancing, multi-bank target balancing, cross-currency sweeps and virtual accounts to meet their Treasury objectives.

Citi has expanded its ESG offering as part of the launch, by fully integrating notional pooling with a new range of ESG Money Market Fund options, available via an automated sweep from Luxembourg based accounts.

This automation, combined with enhanced treasury workstation integration, will enables clients to participate in sustainable short-time investments and automate their ESG initiatives end-to-end, Citi said in a statement.

Stephen Randall, global head of liquidity management services, treasury and trade solutions, Citi, said: “As companies seek ways to expand their ESG programs, treasury departments are playing a greater role in shaping and achieving these objectives.

"With companies continuing to face volatility in their supply chains and cross-border business activities triggered by the Covid pandemic, Citi is actively expanding solutions to enable clients seeking to achieve both treasury and corporate sustainability objectives in an integrated manner.”

Citi offers notional pooling solutions in 11 locations around the world.

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