Citi Publishes 2012 Global Citizenship Report06/06/2013
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Citi published its 13th annual Global Citizenship Report today.
The 2012 report details the company’s continued efforts to address social, environmental and governance issues while reaffirming Citi’s commitment to responsible finance. The report also describes programs, initiatives and progress across citizenship focus areas of promoting financial inclusion, protecting the environment and valuing employees. Citi self-declares a B application level under the Global Reporting Initiative (GRI) framework, a global voluntary standard for corporate environmental, social and governance reporting.
Citi’s 2012 achievements include:
- Lending $2.6 billion for affordable housing projects in the U.S., more than any other bank for the third year in a row according to Affordable Housing Finance.
- Directing $8.02 billion toward actions that mitigate climate change including internal operational projects & financing and investments for alternative energy and clean energy technology, such as Peru’s first wind farms.
- Announcing an $18.5 million term loan, through Citi Microfinance, Citi Indonesia and the U.S. Overseas Private Investment Corporation, to promote financial inclusion of micro-entrepreneurs and small businesses in Indonesia.
- Contributing $76.5 million through Citi and the Citi Foundation to support financial inclusion in underserved communities in 90 countries.
- Improving energy efficiency across our operations by 8.8 percent and reduced carbon emissions by 21.7 percent from a 2005 baseline year.
- Tying the record high for employee satisfaction reached in 2011.
Citizenship at Citi is based on the 200-year-old bank’s commitment to its core principles — common purpose, responsible finance, ingenuity and leadership. Citi is a global bank connecting 1,000 cities, 160 countries and millions of people; its efforts focus on ensuring that its actions are responsible and create value for clients, shareholders and communities throughout the world.
Read the full report at citizenship.citigroup.com.
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