Citi Perspectives Spring 2020

Ultimately, Citi intends to implement a robust climate assessment methodology and stress testing regime, so that we can better understand our clients and their opportunities to transition to a more sustainable, low-carbon future. This process is still at an early stage of development; a cross-functional team spanning banking, risk, modelling and stress testing, and sustainability has been assembled and a pilot for transition risk and physical risk scenario analysis has already been conducted. Of course, many clients are far along the road to sustainability and are using science- based targets to align their businesses with the Paris Agreement. We have a lot to learn from these clients as well. Providing support Corporates will need both traditional finance and innovative new solutions to help them in their sustainability journey. By improving data capture and analysis relating to sustainability, Citi will be ready to anticipate clients’ needs and proactively provide support. Equally important is the need for us to embed sustainability into our culture, so that it becomes a core part of business thinking and our people are creating innovative sustainable solutions to help meet our clients’ needs. Every business sector has an ESG angle. Citi is focused on taking the necessary steps to make our company more sustainable, with the understanding that this will help us to better manage our risks and will create new business value. Wherever our clients are in their own sustainability journeys, we are making the investments and commitments so that we can help our clients along their paths.