Ethical Performance
inside intelligence for responsible business
 

Citi releases Global Citizenship Report

20/04/2011

View Full Report

Citi’s 11th annual Global Citizenship Report (released today) provides “the evidence that we are not only fulfilling our commitments but willing to talk about the considerable challenges we face in promoting Responsible Finance”, according to Vikram Pandit, CEO of Citi.

Key achievements in 2010:

*  Citi provided over $2.94 billion in financing for affordable housing in the U.S., making Citi the top lender according to Affordable Housing Finance.
*  Citi helped more than 1.1 million homeowners in their efforts to avoid potential foreclosure on mortgages totaling more than $135 billion, from January 1, 2007 through December 31, 2010.
*  Citi expanded its partnership with Grameen America in New York City, providing more than 3,000 microentrepreneurs with savings accounts.
*  Citi committed $5.67 billion in 2010 and a cumulative $30 billion toward Citi’s $50 billion Climate Initiative, over half way to the goal. 2010 financing included a $1.4 billion structured finance deal for Shepherds Flat, which will be the largest wind farm in the world.
*  Citi reduced operational GHG emissions by 6.4% from 2009.
*  Citi rolled out a new investment planning approach to support Citi Foundation’s “more than philanthropy” objectives.

Read the full report at http://ethicalperformance.com/reports/links/Citi1

Download a free iPhone/iPad app here: http://itunes.apple.com/us/app/citi-annual-report/id431387145?mt=8


View Full Report
3BL Media News
Membership
Sign up for Free e-news
Report Alerts
Job Vacancies
eNews
Events Updates
Best Practice Newsletter