Ryanair signs up to Citi’s new sustainable deposit solution

Ryanair has partnered with Citi to become the first European airline to deposit funds in its new Sustainable Deposit Solution, which launched earlier this year. This will enable Ryanair to invest excess cash to support different sustainable financing projects across Citi’s portfolio, such as renewable energy, water conservation, healthcare and education in emerging markets. The initiative supports Ryanair’s sustainability agenda. Funds invested are allocated to finance or refinance assets in a portfolio of eligible green and/or social finance projects, based on the criteria set out in the Citi Green Bond Framework, Social Finance Framework and Social Bond for Affordable Housing