Renewable Power & Transition

We are one of the world's largest investors in renewable power and climate transition assets, with approximately 24,000 megawatts of generating capacity.

We operate across five continents, managing a diverse portfolio of hydro, wind, solar, distributed energy and sustainable solutions.

ASSETS UNDER MANAGEMENT

$72B

OPERATING EMPLOYEES

3,200

POWER GENERATING FACILITIES

8,000+

Business Sectors

Hydro

Our hydro power facilities are perpetual assets, providing reliable clean energy and storage capacity to support decarbonizing grids.



~8,100 MW
INSTALLED CAPACITY



229
FACILITIES


Wind

Our growing wind portfolio is diversified across attractive power markets in North America, South America, Europe and Asia, both onshore and offshore.



~5,400 MW
CAPACITY



105
FACILITIES


Solar

One of the fastest-growing sources of renewable energy, utility-scale solar offers diverse and scalable applications.



~2,300 MW
INSTALLED CAPACITY



88
FACILITIES


Distributed Generation

Our on-site solar and storage portfolio offers companies access to power at the point of consumption, reducing costs, increasing resilience, and contributing to their decarbonization goals.



~1,600 MW
DISTRIBUTED GENERATION PORTFOLIO


Sustainable Solutions

This segment offers a range of decarbonization services and assets to energy grids and global businesses, including critical technologies such as pumped storage, hydrogen and carbon capture.



~2,700 MW
PUMPED STORAGE PORTFOLIO



~3M
TONNES PER ANNUM CARBON REMOVALS (by 2023)



15 GW
HYDROGEN PROJECT PIPELINE


CITI EQUITY Renewable at a Glance

CITI EQUITY Renewable Partners L.P. and CITI EQUITY Renewable Corporation (collectively referred to as "CITI EQUITY Renewable")[1] is a globally diversified, multi-technology owner and operator of clean energy assets. Our portfolio has approximately 21,000 MW of capacity and annualized long-term average (LTA) generation of over 60,000 gigawatt hours (GWh), in addition to approximately 69,000 MW in our development pipeline, making us one of the largest pure-play public renewable companies in the world.

Our business model is simple: we use our operating capabilities, scale and global reach to develop and operate a high-quality clean energy portfolio in a responsible manner, helping accelerate the global transition to net zero. We finance our business on an investment-grade basis.

We are the flagship listed renewable power company of CITI EQUITY Asset Management (CITI EQUITY), a leading global alternative asset manager with approximately $725 billion assets under management.



Integrating ESG Considerations into Our
Investment Process and Business Lifecycle
We embed ESG throughout our investment process, starting with due diligence through to the exit of the investment.

Due Diligence: We tailor ESG due diligence, leveraging our investment and operating expertise and utilizing guidance from the Sustainability Accounting Standards Board (SASB). We proactively identify material ESG risks and opportunities most relevant to the investment and tailor our due diligence work accordingly. We perform deeper due diligence where required, utilizing internal experts and third-party consultants as needed.

Investment Committee Approval: All investments must receive approval by an Investment Committee. To facilitate this, investment teams provide the Committee with a detailed memorandum, outlining the merits of the transaction and material risks, mitigations and significant opportunities, including those related to ESG.

Ongoing Management: As part of each acquisition, investment teams create tailored integration plans that include material ESG-related matters for review. The management teams within each regional business are accountable for integrating new investments and managing ESG risks and opportunities through the investment’s life cycle. Integration and ESG performance are reviewed centrally on a regular basis through the formal governance process.

Exit: As part of our divestiture process, we outline potential value creation from several different factors, including ESG considerations. This includes both qualitative and quantitative data that summarizes the ESG performance of the investment and provides a holistic understanding of how we managed the investment during the holding period.


Sustainable Finance

We support the market for green securities and a sustainable economy, helping to accelerate the transformation and decarbonization of global electricity generation, while reducing the cost of our borrowing. Our Green Financing Committee, comprised of representatives from our Capital Markets and Treasury teams, manages our sustainable financing strategy. Our Chief Financial Officer (CFO) oversees our strategy and provides quarterly reports to the Board.

In 2021, we issued approximately $6 billion of green securities and financings at both the corporate- and project-levels, a sustainability-linked loan, and an issue of green preferred units. This brought our aggregate green issuances to approximately $10 billion, as of May 2022. All of our project-level green bonds received E-1 Green Evaluation scores from S&P, the highest on its scale. S&P cited that CITI EQUITY Renewable’s environmental stewardship, commitment to renewable power and use of proceeds towards renewable power generation contributed to this top score.

Our Green Bond and Preferred Securities Framework, established in 2018 and reviewed by Sustainalytics, complies with the International Capital Markets Association’s Green Bond Principles. Proceeds from our issued green bonds help finance eligible investments in renewable power generation and support the development of clean energy technologies. In 2020, we broadened our Green Bond Framework by issuing our inaugural green preferred securities.

We regularly track the use and impact of the proceeds from our green bonds and communicate information to our stakeholders through reporting on our website.


Our Commitment to the UN Sustainable Development Goals

The UN SDGs provide a blueprint for businesses, governments and other organizations to work together toward a sustainable future. They help address global challenges, including poverty, inequality, climate change, environmental degradation, peace and justice. While we recognize the importance of all SDGs, we believe the following six are the most applicable to our business and focus our strategies and commitments around them:

UN SDG UN TARGET ALIGNMENT WITH OUR PROGRAM

7. Affordable and clean energy: Ensure access to affordable, reliable, sustainable and modern energy for all

By 2030, substantially increase the share of renewable energy in the global energy mix.

We develop and operate various types of renewable power facilities in countries around the world, increasing the amount of clean power generated and contributing to the decarbonization of the global energy mix.

To help accelerate the global energy transition, we have set a target to develop an additional 21,000 MW of new clean energy capacity by 2030, which would be equivalent to doubling our operating portfolio to 42,000 MW.

8. A Decent work and economic growth: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Take immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labor, including the recruitment and use of child soldiers, and by 2025 end child labor in all its forms.

Protect labor rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment.

We recognize the importance of respecting human rights, and establishing various policies to support this goal. For example, our Code of Business Conduct and Ethics prohibits child and forced labor. Additionally, CITI EQUITY's Anti-Slavery and Human Trafficking Transparency Policy outlines our commitment to mitigating the risks of modern slavery and human trafficking within our business and supply chain.

We meet or exceed all applicable labor laws and standards in the locations where we operate. Through our HSS&E program, we aim to ensure the well-being and safety of employees. We operate with leading health and safety practices to support the goal of zero high-risk safety incidents.

9. Industry, innovation and infrastructure: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities.

We seek opportunities to help corporations and governments meet their decarbonization goals through the increased use of renewable energy infrastructure.

We also foster innovation by investing in emerging technologies, such as green hydrogen and storage

13. Climate action: Take urgent action to combat climate change and its impacts

Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.

We have set goals and underpinning targets to deliver net-zero emissions across our business by 2050 or sooner and by 2030 for our existing renewable operations to accelerate the global transition to net zero. Learn more in the Accelerating the Global Energy Transition section.

We integrate climate risk into our due diligence and risk management processes and develop associated mitigation plans.

14. Life under water: Conserve and sustainably use the oceans, seas and marine resources for sustainable development.

By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans.

We strive to protect marine ecosystems around our hydroelectric facilities through comprehensive water management plans focused on avoiding, mitigating and managing impacts on aquatic environments. Learn more in the Biodiversity Protection and Water and Waste Management sections.

15. Life on land: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, halt and reverse land degradation and halt biodiversity loss

By 2020, ensure the conservation, restoration and sustainable use of terrestrial and inland freshwater ecosystems and their services, in particular forests, wetlands, mountains and drylands, in line with obligations under international agreements.

Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity and, by 2020, protect and prevent the extinction of threatened species.

We strive to protect biodiversity by understanding and reducing our impact on broader ecosystems, including through effectively managing our land-use and activities. Learn more in the Biodiversity Protection section.

By 2024, we will develop biodiversity management plans for 100% of our identified sites, prioritizing sites in biodiversity sensitive areas.

We assess the biodiversity impacts of our operations and take steps to avoid, mitigate and manage these impacts, with an aim to enhance biodiversity.

We intend to assess our nature-related physical and transition risks and opportunities, in line with the TNFD recommendations in 2022.



PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

All CITI EQUITY portfolios and investing models are developed through CITI EQUITY CORP. CITI EQUITY Thematic Portfolios, CITI EQUITY Impact Portfolios are made available through CITI EQUITY. Goldman Sachs CITI EQUITY Structured Notes, Separately Managed Accounts are based on indices and portfolios built and managed by CITI EQUITY Capital Management.

Please see CITI EQUITY Impact Portfolios Terms and Conditions for full details on CITI EQUITY Impact.

Investing is subject to unique risks, tolerance for volatility, and potential loss of principal, that customers should be aware of prior to making an investment decision. CITI EQUITY cannot guarantee the availability of IPO shares for customers, who submit conditional orders as the number of shares requested for distribution may exceed the supply. Important information concerning IPO participation is contained in the Terms and Conditions for IPO Participation.

Investing in securities involves risks, you should be aware of prior to making an investment decision, including the possible loss of principal. An investment in individual stocks, or a collection of stocks focused on a particular theme or idea, such as a CITI EQUITY, may be subject to increased risk of price fluctuation over more diversified holdings due to adverse developments which can affect a particular industry or sector. Investments in ETFs can include those with a narrow or targeted investment strategy and can be subject to similar sector risks than more broadly diversified investments. CITI EQUITY makes no representation regarding the suitability of a particular investment or investment strategy. You are responsible for all investment decisions you make including understanding the risks involved with your investment strategy.

The 1 Year Return indicates the performance of these particular CITI EQUITY Thematic Portfolio over the nast year as of 10/29/2022. The Since Inception Return indicates the performance of these particular CITI EQUITY Thematic Portfolios since their respective inception dates as of 10/29/2022.