"At Citi, helping our clients weather the challenges and seize the opportunities of our rapidly changing world is central to our mission of facilitating economic growth and progress", said Jane Fraser, CEO of Citi. "Importantly, it is also vital to our own business and central to how we deliver for our clients and help them sustain their businesses for the future".

Some highlights from the report:

• Supporting Citi's commitment to sustainable finance: 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.

From 2020 to 2022, Citi financed and facilitated a total of $348.5 billion in sustainable finance activity globally, putting the company on track to meet its 2030 goal.

• Increasing affordable housing: In 2022, Citi provided approximately $6 billion in loans for affordable housing projects, and became the leading lender for affordable housing in the U.S. for the 13th consecutive year.
• Supporting clients in the energy transition and net zero emissions: As part of its commitment to achieve net zero emissions by 2050, Citi recently announced 2030 emissions reduction targets for four new loan portfolio sectors: Automotive Manufacturing, Commercial Buildings, Steel and Thermal Coal Mining.

Citi also reorganized its business to keep pace with the opportunities presented by the energy transition. This includes increasing climate-specific training for its banking teams and expanding its Clean Energy Transition banking team, which provides advisory services and capital infusion for companies involved in the energy transition.

• Consume 100% renewable electricity in Citi operations and facilities: Citi maintained 100% renewable energy sources for its sites and facilities as part of its broader goal of zero net emissions to reduce the environmental footprint of its own operations.
• Helping close the racial wealth gap: Citi made progress on Action for Racial Equity, Citi and the Citi Foundation's three-year, $1.1 billion program to help close the racial wealth gap and increase economic mobility in the U.S., and publicly shared the results of its racial equity audit conducted by an independent third party. In addition, Citi announced its plan to increase the scale of the Citi Impact Fund to $500 million, which will expand the company's ability to make direct equity investments in diverse founder-led companies that help solve critical issues for underserved communities.
• Promoting strategic philanthropy: Through its Pathways to Progress initiative, its Community Finance Innovation Fund and other programs, the Fundación Citi provided $94 million in grants to entities working on youth economic opportunity, financial inclusion and community solutions.
• Continuing pay equity transparency: This year, Citi released its annual public report on pay equity, highlighting the company's progress in closing the pay gap for women globally and for minorities in the U.S. In 2022, Citi promoted one of the largest and most diverse classes of Managing Directors in recent years: more than one-third of the class was women and more than one-third of U.S. members were racial and/or ethnic minorities.
• Exceeding and expanding representation goals: Citi announced that it had exceeded its aspirational 2018-2021 diversity representation goals, increasing the representation of women at the Assistant Vice President to Managing Director levels to 40.6% globally, and the representation of black people at those same levels to 8. 1% in the U.S. In September 2022, Citi announced that it had expanded its representation targets to include additional markets and underrepresented groups, and is even the first major U.S. bank to set an aspirational recruitment target for hiring LGBTQ+ people early in their careers, globally.

"As a leading global bank, we continue to use our resources and expertise to help our clients and communities solve the challenges they face every day: energy, sustainable finance and infrastructure, among other areas", said Edward Skyler, head of Citi's Business Services and Public Affairs. "This report reflects the commitment to transparency and accountability that underpins all of our work at Citi, from pursuing opportunities to transition to a low-carbon economy to investing in underserved communities".

The ESG 2022 Report references the Global Reporting Initiative (GRI) Universal Standards, the Task Force on Climate-related Financial Disclosures (TCFD) framework, relevant Sustainability Accounting Standards Board sectoral standards, the Principles for Responsible Banking, the United Nations Global Compact, the United Nations Global Compact, and the UN Guiding Principles on Business and Human Rights framework. For more information on ESG at Citi, visit citi.com/esg.

Translated by: A.M