Citi Perspectives Spring 2020

8 | Treasury and Trade Solutions Leading the financial sector’s evolution As a global bank operating in over 160 countries and jurisdictions, Citi is uniquely positioned to help clients solve sustainability and climate challenges around the world. The bank has a track record (see Figure 1) of working to create policies and principles that transform the financial sector, such as the Green Bond Principles in 2014, the Principles for Responsible Banking in 2019 to help guide the sustainability transformation of the banking sector, and the Poseidon Principles on shipping finance in 2019 (which were the world’s first sector-specific agreement on Paris Agreement alignment). Citi also uses its voice to drive advances on key issues such as climate policy. This is reinforced by assertive action; Citi’s $100 billion Environmental Finance Goal, launched in 2014, committed the bank to lend to, invest in and facilitate projects and activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. The goal was originally intended to run for 10 years until 2023, but was met in full by 2019, four and a half years early. 2000 2003 2010 Published first Global Citizenship Report Co-created Equator Principles and broader ESRM Policy Joined UN Global Compact Co-created the Green Bond Principles 1997 Joined the UN Environment Finance Initiative First U.S. bank to set CO 2 reduction target First U.S. bank to publish Statement on Human Rights 2007 2014 Launched 10-year $50B Climate Initiative 20 Years of Sustainability Citi has been a sustainability leader in the financial sector for more than 20 years. FIGURE 1