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Taronga and Citi extend environmental partnership

August 19th, 2022

The Taronga Conservation Society Australia and Citi are extending their partnership until 2024 to continue work on mitigating threats to biodiversity and loss of habitat.

The partnership between the bank and wealth management group and Taronga began in 2020 when Citi became Principal Sponsor with a focus on protecting koalas and their habitat in the aftermath of the devastation Queensland and NSW bushfires.

Citi Australia and New Zealand CEO Marc Luet said:

“Our work with Taronga gives us a uniquely Australian opportunity to protect our national treasure – The Great Barrier Reef – while meeting our global goal of tackling the biodiversity crisis.’’

Taronga is considered to be the leading Australian organisation applying cryopreservation technologies to reef management, restoration and research.

Taronga Conservation Society Australia’s Divisional Director Welfare Conservation and Science Nick Boyle said Citi’s support for the Society’s Reef Recovery program would help secure the biodiversity of the Great Barrier Reef.

“At Taronga, we acknowledge the shifts that need to be made are going to be made not as one entity but rather through partnership across individuals, groups and organisations,’’ he said.

 Mr Luet said Citi globally had a net zero by 2050 commitment and a $1 trillion sustainable finance goal.

“Biodiversity loss is a serious environmental concern, with notable risk to our economy, businesses and communities. Partnering with Taronga to action on this issue is a natural extension of our partnership and honours the commitment we have made to our clients, employees and community that we will be a true partner on the transition to a lower-carbon economy,’’ he said.

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