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Created before Nov 2016
Last update: 2016-09-27 12:42:31
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Citigroup Inc., doing business as Citi, is a major American financial services company based in New York, NY. Citigroup was formed from a merger between Citicorp and financial conglomerate Travelers Group. Citigroup is active in 107 countries with approximately 12,000 offices worldwide.
Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.
399 Park Avenue
NY 10043 New York
Mr. Michael Corbat |
Annual Report 2015|
2015 Citi Global Citizenship Report
listed on NYSE Euronext & Tokyo Stock Exchange
Voluntary initiativesCiti has committed itself to the following voluntary standards:
An overview of Citi's policies can be found here.
BankTrack campaigns and Citi
True leader Front runner Follower Laggard
BankTrack has assessed Citi on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Citi is assessed as a Front runner, with a total score of 7.5/12.
Implementation and reporting
Citi is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Climate breakthrough as string of banks dump coal financing
In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the make-or-break UN climate change conference in Paris, then saw important coal finance restrictions being announced by institutions including Citi, Natixis, Goldman Sachs, Société Générale, BNP Paribas, ING and RBS. All these moves are captured here – significantly, a number of banks have chosen not just to get out of coal mining, but are also extending into ending their support for coal power.