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Ryanair first European airline to join new sustainable deposit scheme

Thursday, 17 November 20223 min read
Ryanair first European airline to join new sustainable deposit scheme

Ryanair has partnered with Citi as the first European airline to deposit funds in Citi’s new Sustainable Deposit Solution.

This will enable Ryanair to invest in different sustainable financing projects across Citi’s portfolio

These include 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 social projects.

Ryanair’s Director of Sustainability, Thomas Fowler, said: “Ryanair is proud to be leading sustainable aviation in Europe with Citi.”

“This will not only help us manage our finances more sustainably but will further drive our sustainability agenda.”