Citi Group and Sustainability Journey

        Citi Group - A Bank Built for a World of Complexity

Citigroup is an American Multinational Investment banking company and financial services corporation headquartered in New York City. Citi has more than 200 years of experience growing businesses and supporting communities and it has a global network of financial services that stretches across more than 160 countries. Citi's mission is to serve as a trusted partner to their clients by responsibly providing financial services that enable growth and economic progress.

We live in an increasingly complex world. Companies these days are either born global or are going global at record speed. Business and geopolitics are forging an entirely new dynamic and consumers now expect financial services to be a seamless part of their digital lives. Citi is a bank that’s uniquely positioned for this moment. Citibank is committed to social responsibility and sustainability and has made significant efforts to support communities and promote environmental sustainability through various initiatives and partnerships.

Citi At a Glance : Fourth Quarter 2022 Results and Key Metrics

 

    Citi and Sustainability Journey

To help responsibly transition to a low-carbon economy, Citi is working with their clients to help decarbonize their business and financing innovative solutions in areas like renewable energy and clean technology. Citi has been on a sustainability journey for several years, with a focus on environmental, social, and governance (ESG) issues. Citi partnered with the Agilent Technologies on its sustainability journey, and this is the first sustainability-linked deposit globally for Agilent to align its treasury operations with its 2050 net-zero commitment by partnering with banks with a portfolio of sustainability initiatives.

“At Agilent, we are committed to sustainability and environmental protection since our founding,” said Sally Shung, Associate Vice President, Assistant Treasurer for APAC and EMEA region, Agilent. “Formalizing this sustainability deposit program in Singapore demonstrates the company’s vision of advancing our ESG commitment, from net-zero emissions to the Science Based Targets initiative of 1.5°C. Our goal is to maximize the positive impact of our business, contributing to the United Nations SDGs in a meaningful way. Agilent is always looking for opportunities to develop innovative sustainable financing solutions and we are proud of our strategic partnership with Citi on this initiative.”

Citi has also been recognized for its sustainability efforts. In 2021, Citi was named to the Dow Jones Sustainability Indices (DJSI) World Index for the 21st consecutive year, and was also named to the Bloomberg Gender-Equality Index (GEI) for the seventh year in a row. Funds deposited into Citi’s Sustainable Time Deposit solution are allocated to finance or refinance assets in a portfolio of eligible green and/or social finance projects, based on criteria set in the Citi Green Bond Framework, Social Finance Framework, and Social Bond for Affordable Housing framework. These frameworks support the United Nations SDGs.

REFERENCES

• Financial Services and solutions - about Us (no date) Citi. Available at: https://www.citigroup.com/global/about-us (Accessed: March 5, 2023). 

• Taskforce on climate-related financial disclosures report 2021 (no date). Available at: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/taskforce-on-climate-related-financial-disclosures-report-2021.pdf?ieNocache=201 (Accessed: March 5, 2023).