Citigroup CEO Jane Fraser said security is the “new S” in ESG at the Future Investment Initiative in Saudi Arabia on October 24, 2023. Fraser’s statement comes amid the ongoing conflict in Ukraine and the escalating tensions between Israel and Hamas.

Fraser said the escalating tensions between Israel and Hamas are prompting global business leaders to think more about security issues. She also said that security is a theme for all CEOs around the world as they are looking for ways to build more resilient companies and countries.

Fraser’s statement is a reminder of the importance of security in the global economy. Security is essential for businesses to operate and for countries to thrive. The ongoing conflicts in Ukraine and the Middle East and the growing threat of cyberattacks are all putting a strain on global security.

Fraser’s statement is significant because it comes from the CEO of one of the world’s largest banks. Citigroup has a global presence and is exposed to a wide range of security risks. Fraser’s statement signals that Citigroup is taking security seriously and is committed to building a more resilient company.

Fraser’s statement is also likely to resonate with other business leaders. The ongoing conflicts in Ukraine and the Middle East and the growing threat of cyberattacks remind businesses of the importance of security. Businesses must take steps to protect their assets and employees from these risks.

Fraser’s statement is a reminder that security is a critical component of ESG. ESG is a framework for evaluating companies’ environmental, social, and governance performance. Security is an important social issue, and it is also essential for good governance.

Citigroup CEO Jane Fraser said security is the “new S” in ESG. Fraser’s statement comes amid the ongoing conflict in Ukraine and the escalating tensions between Israel and Hamas. Fraser’s statement is a reminder of the importance of security in the global economy and the need for businesses to protect their assets and employees.