Citi and the Sustainable Development Goals

Citi and SDGs

Given the global footprint and the role in financing economies around the world, Citi has an important role to play in achieving the UN Sustainable Development Goals (SDGs). Citi identified seven goals on which they can show the greatest impact. Citi joined with the UN and other business leaders to create Global Investors for Sustainable Development (GISD) in the year 2019 and promised to address the multi-trillion-dollar shortfall in funding the UN’s goals.

Sustainable Development Goals (SDGs)

The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people have the benefit of peace and prosperity. There are 17 SDGs which all are integrated and they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.

These 17 interrelated goals represent an ambitious agenda to achieve a sustainable future by 2030. Citi has a role to play in all these goals, yet it decided to concentrate on the below seven goals in which they have a direct impact:

Citi’s 200 years of experience in meeting the world’s toughest challenges are even more relevant today, as sufficient financing will be critical to achieving the SDGs. The energy and climate goals (SDGs 7 and 13), for example, are aligned with Citi’s progress toward $100 Billion Environmental Finance and operational footprint goals. Improving cities continues to be a central tenet of the work and is also central to the resilient infrastructure and sustainable cities goals (SDGs 9 and 11). Promoting economic progress—the emphasis of another one of the goals (SDG 8)—ties directly to the efforts to boost economic and job growth. Gender equality (SDG 5) is also a focus of Citi’s engagement efforts, both with their workforce and in the communities that they support. Citi do all this work through partnerships (SDG 17) with our clients and other stakeholders.

 

Reference

• Banking on 2030: Citi & the Sustainable Development Goals (no date). Available at: https://www.citi.com/citi/about/citizenship/download/Banking-on-2030-Citi-and-the-SDGs-Report.pdf (Accessed: March 12, 2023).
• Financial Services and solutions - about Us (no date) Citi. Available at: https://www.citigroup.com/global/about-us (Accessed: March 12, 2023).