Citi Releases 2018 Global Citizenship Report
Business Wire 24-Apr-2019 8:30 AM
Citi today released its 2018
Global Citizenship Report, highlighting efforts made in the last
year to responsibly provide financial services that enable growth and
progress. This report and related summary
includes numerous examples of how, through our core business and with
the philanthropic efforts of the Citi Foundation, we are helping address
complex and pressing issues such as climate change, the affordable
housing crisis in the U.S., youth unemployment, diversity in business
and financial independence for women.
"There is no shortage of challenges facing our communities and society
today," said Citi CEO Michael Corbat. "This report takes a look at the
creative solutions we are continuously conceiving with our clients and
communities and the ways in which we take a stand when our values and
mission are questioned."
Among the many examples of Citi's impact, key highlights include:
-
Sustainable growth: Citi expects to reach its ten-year $100
Billion Environmental Finance Goal several years ahead of schedule,
having recorded $38.4 billion of transactions in 2018 and $95.3
billion in total since 2014.
-
Climate risk: Citi continues to advance how we analyze and
disclose climate risks related to its business. Citi was the first
major U.S. bank to release a climate disclosure report in response to
recommendations from the Task Force on Climate-related Financial
Disclosures.
-
Affordable housing: Citi provided a record-setting $6 billion
to finance the construction and preservation of more than 36,000
affordable housing units across the U.S., maintaining its ranking as
the leading financier of affordable housing for the ninth year in a
row.
-
Valuing diversity: Citi was the first in the industry to
disclose unadjusted pay gaps between women and men globally, and
between minorities and non-minorities in the U.S. As part of this
commitment to diversity and inclusion, Citi set representation goals
for black talent in the U.S. and female talent globally to increase
representation across all levels of the firm.
-
Future of work: Through Pathways to Progress, a global
initiative to prepare a next generation workforce, the Citi Foundation
has invested $49 million globally, helping more than 400,000 young
people move towards their career goals. These young people are
supported by the more than 7,000 Citi employee volunteers who have
mentored and coached youth globally.
-
Financial inclusion: More than 440,000 clients of
minority-owned banks and credit unions in the U.S. received fee-waived
access through the Citi ATM Community Network. Citi's checkless, low
to no fee Access Account now makes up 24 percent of all newly opened
accounts.
-
Prioritizing safety: Citi issued a U.S. Commercial Firearms
Policy that outlines requirements and promotes responsible business
practices at the point of sale.
-
Human rights: Citi updated its Statement on Human Rights to
include emerging areas of concern, such as privacy rights and the
risks associated with climate change and modern slavery.
-
Volunteerism: Citi celebrated its 13th annual Global Community
Day, when more than 100,000 Citi volunteers, with friends and family,
took part in volunteer projects in more than 450 cities located in
over 90 countries.
This report is prepared in accordance with the Global Reporting
Initiative (GRI) Standards: Core option and is aligned with the United
Nations (UN) Global Compact and UN Guiding Principles on Business and
Human Rights frameworks. To learn more about Citi's citizenship efforts
across the globe and to review the 2018 Global Citizenship Report, visit http://citi.com/citizenship/.
Citi
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.
Additional information may be found at www.citigroup.com |
Twitter: @Citi |
YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com |
Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi.
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