Citigroup CEO Jane Fraser Says the ‘New S’ in ESG Is Security

The escalating tensions between Israel and Hamas are prompting global business chiefs to think more about security issues, according to Citigroup Inc. Chief Executive Officer Jane Fraser.

“There is a new S in ESG which is security, be it food security, energy security, it could be defense, or financial security,” Fraser said on the first day of Saudi Arabia’s flagship investment conference. “That’s certainly a theme for all CEOs around the world - how to build more resilient companies and countries.”

WATCH: “There is a new S in ESG which is security,” Fraser says.

Source: Bloomberg

Fraser was speaking on a panel alongside JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, ...