Citi has released its 2022 environmental, social and governance report.
Highlights of the report include:
Through its $1 Trillion Sustainable Finance Goal, Citi is facilitating a wide range of activities from renewable energy and clean technology to healthcare and affordable housing.
In 2022, Citi provided approximately $6 billion in loans for affordable housing projects, making Citi the top affordable housing development lender in the U.S. for the 13th consecutive year.
As part of its commitment to reaching net zero by 2050, Citi recently announced 2030 emissions reduction targets for four new loan portfolio sectors: Auto Manufacturing, Commercial Real Estate, Steel and Thermal Coal Mining.
Citi maintained 100% renewable electricity sourcing for its sites and facilities, as part of its broader net zero goal to reduce the environmental footprint of Citi operations.
The 2022 ESG report references the Global Reporting Initiative Universal Standards, the Task Force on Climate-related Financial Disclosures framework, relevant sector standards from the Sustainability Accounting Standards Board the Principles for Responsible Banking, the UN Global Compact and the UN Guiding Principles on Business and Human Rights framework.