Digital & Technology

Citi and Universe Forge Alliance for Global Carbon Neutrality Through Voluntary Carbon Credits

Citi has partnered with Universe, a technology firm from Singapore specializing in decarbonization, to facilitate the purchase of Voluntary Carbon Credits (VCCs) for companies and organizations aiming for carbon neutrality.

This collaboration enables the use of Universe's platform for accurate carbon emissions calculation, allowing entities to then select from Citi's assortment of VCC projects to offset their emissions.

The initiative was first utilized by a CleanTech manufacturing company to compensate for its emissions for the years 2023 and 2024 through VCCs linked to a Citi project distributing 850,000 free cooking stoves in rural Vietnam. Universe boasts a clientele of over 800 across 45 countries, highlighting the global reach of this effort.