Citi Issues 2013 Global Citizenship Report23/04/2014
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Citi surpasses $50 billion climate initiative target three years early, achieves 25% greenhouse gas reduction goal.
Citi has helped provide $365 million to 40 microfinance institutions in 22 countries, reaching 975,000 borrowers.
New York – Citi released its 14th Global Citizenship Report, an annual overview addressing the company’s social, environmental and governance achievements and challenges. The 2013 Citi Global Citizenship Report underscores Citi’s goal of enabling progress for clients and communities around the world. This year’s report continues to highlight Citi’s three key focus areas: promoting financial inclusion and economic progress, advancing environmental sustainability and valuing its people.
In 2013 Citi:
- Surpassed, three years early, a 10-year goal to direct $50 billion towards activities that mitigate climate change, including financing for renewable energy and energy efficiency and investments in the greening of Citi’s operations.
- Met our 2015 operational environmental performance goals for greenhouse gas emissions and waste two years early, reducing our emissions by 25% and our waste to landfill by 41%, all from a 2005 baseline.
- Developed a new Energy and Power Framework to responsibly guide our energy and power financing. This new Framework complements our long standing Environmental and Social Risk Management Policy, which helped us manage risks in 443 transactions across sectors and geographies.
- Increased our overall commitment to microfinance under a partnership with the U.S. Overseas Private Investment Corporation (OPIC) that began in 2006. To date, Citi and OPIC have provided $365 million in funding to 40 microfinance institutions in 22 countries reaching 975,000 borrowers, nine in ten of whom are women.
- Lent and invested nearly $4.4 billion in cities across the U.S. to support affordable housing, education, healthcare and small business activities through Citi Community Capital.
- Provided $66 million in business and corporate contributions to community programs. In addition, the Citi Foundation invested $78 million to support financial inclusion and economic progress in underserved communities in 87 countries.
- Added 18 new employee affinity networks, which support Citi’s inclusive culture by developing and retaining diverse talent. A total of 92 such networks represent 14,000 members across 11 countries and 35 cities.
Citi’s full 2013 Global Citizenship Report is available at citizenship.citigroup.com. 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.
View the 2013 Citi Global Citizenship Report here.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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