Citi
Visit at https://www.citigroup.com/global
Citi
Citi is a leading global bank providing financial services, including investment banking, corporate banking, and personal banking. It is one of the largest banking institutions in the United States.
Positive signals
Citi committed in March 2021 to reach net zero greenhouse gas emissions by 2050, including achieving net zero in its own operations by 2030.
Citi achieved its target of purchasing 100% renewable electricity for its facilities, demonstrating progress in reducing its operational carbon footprint.
Citi helped establish the Poseidon Principles, an initiative whose 35 signatories finance 80% of global shipping and have pledged to help decarbonize the shipping industry.
Citi facilitated $164 billion in low-carbon solutions between 2014 and 2019 and committed to an additional $250 billion in environmental transactions by 2025.
Concerns
Citigroup fined $136 million for insufficient progress on data management issues.
HIGH
Source →Citigroup has faced over $1.5 billion in fines for compliance failures since 2013.
HIGH
Source →Citi has funneled $396 billion USD into coal, oil, and gas, making it the 6th largest fossil fuel financier globally and contributing significantly to the climate crisis.
HIGH
Source →
