New York Citi released today its 2020 Environmental, Social and Governance (ESG) Report, an annual report that highlights the ways in which Citi is enabling progress and sustainable growth in communities across the world. This report and related summary not only detail the progress Citi has made on its longstanding ESG priorities over the past year, but also its efforts to adjust and address the immediate and longer-term challenges posed by the global COVID-19 pandemic.
“The events of 2020 are a stark reminder that companies like ours have a role to play in helping tackle the world’s toughest problems—and this sense of responsibility drives our ESG agenda,” said Jane Fraser, Citi CEO. “We don’t see ESG as a separate effort. Instead it is embedded in our daily efforts to support our clients, colleagues and communities, and our work as a bank. We take great pride in our work and are delighted to share it with all our stakeholders in this report.”
Among the many focus areas this report covers, key highlights from the past year include:
“Our recent $1 trillion commitment to sustainable finance by 2030 shows how we are focusing our financial resources—from those that support environmental finance and affordable housing, to racial equity and economic inclusion—to help ensure a more sustainable and equitable future,” said Ed Skyler, Head of Global Public Affairs at Citi and Chair of the Citi Foundation. “We will continue to look for ways to use our balance sheet to solve problems, and deploy our capabilities to respond to the evolving needs of society.”
Citi’s annual ESG Report, now in its second year, builds upon Citi’s Global Citizenship Report, which Citi had been publishing since 2001. The 2020 ESG Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option and includes reporting against the Sustainability Accounting Standards Board (SASB) Standard and Citi’s implementation of the UN Principles for Responsible Banking (PRB) framework. To learn more about Citi’s ESG efforts and to view the report in full, visit www.citigroup.com/citi/about/esg/.
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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The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation's "More than Philanthropy" approach deploys the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com.