Citi Group



Investment banking company



Citi Group

388 Greenwich Street

New York, NY 10013


T: 00 1 210-677-0065



  • CDP A list 2019 Climate Change 
  • 100% Corporate Equality Index Company
  • 2019 Bloomberg Gender Equality Index
  • Dow Jones Sustainability North America index
  • FTSE4Good Index




Valarie Smith


  • America’s Most Responsible Companies
  • The Civic 50
  • Best Global Bank For Diversity & Inclusion
  • Top Investment Bank For LGBTQ+ Employees
  • Best Global Bank For Corporate Social Responsibility
  • Top Companies for Women Technologists
  • Euromoney Awards for Excellence



Citi Group

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Citi’s mission is to serve as a trusted partner to their clients by responsibly providing financial services that enable growth and economic progress. Their core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of their clients. They have 200 years of experience helping their clients meet the world’s toughest challenges and embrace its greatest opportunities. They are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.

They protect people’s savings and help them make the purchases – from everyday transactions to buying a home – that improve the quality of their lives. They advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as stocks and bonds.

They work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, they help them grow, creating jobs and real economic value at home and in communities around the world. They provide financing and support to governments at all levels, so they can build sustainable infrastructures, such as housing, transportation, schools and other vital public works.

These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. If they fall short, they will take decisive action and learn from their experience. They strive to earn and maintain the public’s trust by constantly adhering to the highest ethical standards. They ask their colleagues to ensure that their decisions pass three tests: they are in their clients’ interests, create economic value, and are always systemically responsible. When they do these things well, they make a positive financial and social impact in the communities they serve and show what a global bank can do.

Here are some of Citi’s sustainable activities: 

  • Citi Public Sector Group globally and Municipal Securities Division in the U.S. provide products and services to national and local governments, central banks and other public-sector institutions that enable countries and communities to operate.
  • Citi Export and Agency Finance collaborate with export credit agencies, multilateral agencies and development finance institutions to help expand their reach in both developed and emerging markets.
  • Citi Community Capital, their community development lending and investing group, provides financial products to help affordable housing developers construct, rehabilitate, refinance and acquire affordable multifamily housing across the U.S.
  • Citi Inclusive Finance works across Citi businesses globally to develop solutions that enable us, their clients and their partners to expand access to financial services and advance economic progress in underserved market segments.
  • Citi Sustainability & ESG partners with colleagues across Citi businesses to encourage and enable solutions that contribute to sustainable growth around the world.
  • Citi Community Development forges innovative partnerships with leading nonprofits and public agencies across the U.S. to expand financial inclusion and economic opportunity for lower-income and underserved households in the communities they serve.

Company Sustainable Activity

Sustainability — including efforts to address climate risks — is a factor in how they do business to support growth and enable progress. Combating climate change is one of the main themes of their five-year Sustainable Progress Strategy that sets out business drivers for sustainability. 

Under Citi’s Sustainable Progress Strategy, their sustainability activities are organized under three primary pillars, each of which relates directly to their efforts on climate change: 

  • Environmental Finance 
  • Environmental and Social Risk Management 
  • Operations and Supply Chain their work across these pillars is interrelated, and they look for innovations and best practices that can drive cross-functional progress. 

Stakeholder engagement and reporting have long been central to their sustainability efforts, and they will continue to emphasize transparency and open engagement with clients, investors, suppliers, employees and stakeholders as the foundation of their sustainability strategy, including as that strategy relates to climate change. Citi’s participation in the United Nation Environment Finance Initiative (UNEP FI) pilot, and this resulting report, are an important part of their efforts to enhance transparency and engagement with investors as they evaluate different approaches to climate risk assessment and the sensitivity of their lending portfolios to potential climate risks. While the efforts described in this report represent only an initial sensitivity analysis — which was useful as much for the gaps it identified as for the resulting outputs — they have prepared this report as a part of Citi’s commitment to ongoing transparency in the evaluation of sustainability issues, including climate risks and opportunities.


  • LEED Certification
  • REC (Renewable Energy Certification)

Sustainable Development Goals: N/A

How company covers SDGs

Financing the Future We Want:

SDG 7, SDG 13:

Ten years, $100 billion. Citi has pledged to lend, invest and facilitate $100 billion toward activities that reduce the impacts of climate change and create environmental solutions in collaboration with their clients.

SDG 13:

From renewable energy and energy efficiency projects to green buildings, sustainable transportation and green bonds, they’re working together with clients in both the private and public sectors to address the challenges of climate change and the increasing global pressures on natural resources. At the start of 2015, Citi’s $100 Billion Environmental Finance Goal was announced publicly by their CEO Mike Corbat at a stakeholder meeting that launched their Sustainable Progress Strategy. The 10-year goal, which begins with their 2014 environmental finance activity, was achieved at the start of 2017— in under four years—thanks largely to the unprecedented growth of renewable energy finance and green bonds. They decided to challenge themselves, however, by reexamining the way they account for their environmental financing activities on behalf of their clients. As a result, they adopted a new methodology based on league table accounting that counts Citi’s share of a given transaction, rather than the total deal value. Based on their new approach, Citi’s share of environmental financing activities totalled $41.2 billion from 2014 through 2016.4 This approach better captures the current scale of the opportunity and the direct economic impact of their work. It also reflects their unwavering commitment to addressing climate change through their business as well as their willingness to learn and adapt as the field of environmental finance evolves.

Enhancing Urban Progress and Sustainability: 

SDG 9, SDG 11: 

Globally, an estimated $59 trillion in infrastructure investment will be needed over the next 15 years to replace ageing facilities and keep up with population growth and economic development.7 Citi’s success in financing solutions to urban problems—from long-standing leadership in municipal finance and affordable housing lending to recent innovations in green bonds — positions them well to help public institutions around the world meet today’s needs while also planning for a changing future. They partner with governments, businesses and communities to identify and implement innovative solutions that help cities thrive during this period of unprecedented urban transformation. This approach, which they call Citi for Cities, leverages the powerful combination of their expertise in a wide range of areas such as bond issuances, digital payments and risk management to help urban leaders secure financing for infrastructure projects, find internal efficiencies to free up valuable resources, and leverage new technologies to automate and streamline service delivery.

Reducing Youth Unemployment: 

SDG 8: 

At Citi, they recognize that youth employment is intrinsically linked to the financial success of young people and to the future vitality of their cities and communities. Left unaddressed, youth unemployment will continue to have significant negative ripple effects on the economy. In response to this challenge, Citi and the Citi Foundation have been focused on preparing today’s young people to be the most employable generation yet. In 2014, the Citi Foundation launched Pathways to Progress, a three-year, $50 million commitment to boost the employability of 100,000 young people in 10 major U.S. cities. After meeting that goal in 2016, the Citi Foundation expanded the commitment with an additional $100 million to reach 500,000 youth worldwide by 2020. This latest investment, announced in early 2017, is the largest philanthropic commitment in the history of the Citi Foundation.11 To reach the goal, the Citi Foundation is partnering with a range of organizations — from nonprofits to universities to municipalities — to help young people build skills, expand their networks and become career-ready through first jobs, internships, and leadership and entrepreneurship training. And as part of Pathways to Progress, they’re leveraging the time and talents of 10,000 Citi employee volunteers.

Promoting Access to Finance for All: 

SDG 8, SDG 9: 

Citi employs a range of approaches to develop tailored solutions for these markets—an area they know they need to continue to expand. Their dedicated Inclusive Finance team works across Citi’s businesses globally to identify solutions to expand financial access.16 For example, they deploy mobile payment platforms that allow individuals and small and micro-business owners to better manage cash flows and improve financial outcomes. They also invest in companies and initiatives that expand access to finance in underserved markets around the world and support the financial integration of migrants and immigrants in the U.S.

Levelling the Playing Field for Greater Growth: 

SDG 5: 

At Citi, they approach the issue of gender equality and women’s economic empowerment through a range of programs that dovetail with their work on other development issues. For example, Citi’s Inclusive Finance team addresses access to finance (see page 23) for women entrepreneurs, while the Citi Foundation’s Pathways to Progress program (see page 18) works with partners to accelerate access to quality job opportunities and provide financial and leadership training to the next generation of female leaders. Diversity and inclusion are strategic priorities for Citi, and gender diversity is a key focus. They are working to promote greater gender equality within their company and in their supply chain through dedicated leadership and diversity programs. Currently, only 1 per cent of corporate procurement contracts globally are awarded to women-owned businesses.20 Citi has an inclusive supplier program that is working to increase their spend at women-owned businesses. They recently partnered with UN Women to publish a corporate guide to gender-responsive procurement called The Power of Procurement: How to Source from Women-Owned Businesses, a publicly available resource that shares knowledge and best practices on how corporations can increase the procurement of goods and services from women-owned businesses, with practical tools and techniques to develop more diverse supply chains. As an extension of their partnership with UN Women, Citi has been invited to participate in a public-private coalition launching September 2017 at the United Nations General Assembly called the Global Innovation Coalition for Change. This 20-member coalition is being created to better leverage the full potential of innovation, technology and multi-stakeholder partnerships to catalyze change for women and girls across the globe. Yolande Piazza, Global Head of Citi FinTech, will represent Citi during the inaugural term.

SDG 16: 

Citi’s T4I Challenge also directly impacts SDG 16, including targets 16.5, substantially reduce corruption and bribery in all their forms, and 16.6, develop effective, accountable and transparent institutions at all levels. Corruption costs trillions of dollars every year. New information and communication technologies have helped expose the extent of corruption worldwide, and collaborative and innovative efforts like the T4I Challenge support progress toward achieving this critical Global Goal.



    • $194 Million invested by the Citi Foundation in tackling youth unemployment through Pathways to Progress (2017-2019)
    • $150 Million in funds to invest in socially-minded startups and companies that strive to have a positive impact on society launched in 2020
    • $1 Billion in lending toward financial inclusion across the globe over the last decade
    • $164 Billion financed and facilitated in environmental finance activity, exceeding their 10-year, $100 Million goals four years early (2014-2019)
    • $6 Billion in loans for affordable housing projects provided in the U.S., making Citi the largest U.S. affordable housing lender for the 10th consecutive year


Environmental Impacts

  • Avoided GHG Emissions (mt)

2017: 1,058,809.

2019: 2,900,418.

  • Energy Efficiency Finance

2017: N/A

2019: 51,735

  • Public Finance

2017: 1,246

2019: 2,324

  • Renewable Energy Capacity Added

2017: 619

2019: 1,386

Social Impacts

  • People Serviced by Water Quality and Conservation Projects

2017: 7,617,037

2019: 39,476,656

  • Families Serviced by Affordable Housing Activity: 

2017: 1,340

2019: 1,089

Raw Pay Gap Data

  • Equal Pay (Women vs Men)

2018: 71%

2019: 73%

  • Equal Pay (U.S. Minorities vs. U.S. Nonminorities)

2018: 93%

2019: 94%

Citigroup which provides banking and financial solutions tries to address climate risks through a five-year sustainable progress strategy they have created. They clearly communicate on their actions taken towards sustainability, the SDGs targeted and the actions made towards achieving these goals. Their Key Performance Indicators show that they are achieving great progress. Some of their labels include REC which stands for renewable energy certification and LEED which is a green building certification which stands for Leadership in Energy and Environmental Design. They have also launched an “Impact Fund” which focuses on companies that positively impact the environment.

Despite all of this, Citigroup is a facilitator of the Oil and gas industry which greatly impacts the environment negatively and contributes to air pollution.

In 2020, they were ranked as the world’s third bank in terms of fossil fuel financing, having financed no less than $187.67 billion worth of extractions. For this reason, Citigroup achieves rating D. 

Videos: N/A

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