Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi has established a comprehensive set of practices around sustainable business.
Our sustainability activities are organized under three primary pillars: Environmental Finance; Environmental and Social Risk Management; and Operations and Supply Chain. Citi’s environmental sustainability focus includes reducing the environmental footprint of our business, managing the environmental and social risk of our financing according to the highest international standards, and providing financing to initiatives that are environmentally beneficial.
Citi is committed to financing climate positive activity. In 2003, Citi was one of four international banks behind the creation of the Equator Principles, now the industry standard to ensure that large project finance deals mitigate damage the environment. In 2010, Citi was elected Chair of the Equator Principles Association. In 2011, Citi became one of the founding Financial Allies of the Obama Administration’s Better Buildings Challenge and is pursuing at least $500 million in financing for energy efficiency projects as part of the initiative. Citi has launched a new $100 Billion, Ten-Year Environmental Finance Initiative to lend, invest and facilitate $100 billion over ten years to activities focused on environmental solutions and reducing the impacts of climate change globally.