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Citi Center, corporate headquarters NY, image by Trxr4kds [Public domain], via Wikimedia Commons
about Citi

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.


ownership
listed on NYSE Euronext, Tokyo Stock Exchange

image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

voluntary initiatives:

investment policies of Citi

An overview of Citi's policies can be found here.

Guidelines for Environmental Practices
Aug 18, 2016 | Citi
Environmental and Social Policy Framework
Oct 05, 2015 | Citi
Includes this commitment on coal: "We commit to continue this trend of reducing our global credit exposure to coal mining…
Sustainable Progress
Citi’s Five-Year Sustainability Strategy
Feb 18, 2015 | Citi Group
Statement on Human Rights - 2014
Apr 10, 2014
Sector briefs - Hydro power
Jan 01, 2014
Sector briefs - Oil Sands
Jan 01, 2014
Sector briefs - Nuclear power
Jan 01, 2014
Sector briefs - Shale oil and gas
Jan 01, 2014
Sector briefs - Thermal power
Jan 01, 2014
Sector briefs - Renewable Energy & Energy Efficiency
Jan 01, 2014
Sector briefs - Conventional Oil and Gas
Jan 01, 2014 | Citi
Sustainable Forestry Standard
Dec 31, 2013 | Citi

equator principles
Citi has adopted the Equator Principles. For more information on how Citi implements the Equator Principles go to the Equator page of Citi.

human rights
True leader Front runner Follower Laggard
BankTrack has assessed Citi on its implementation of the UN Guiding Principles on Business and Human Rights. Citi is assessed as a Front runner, with a total score of 7.5/12.
PolicyDue dil.ReportingRemedy
3/32/32/30.5/3
For more details, see Banking with Principles? 2016 update.

additional information

The policies of Citi Bank have been reviewed by the Fair Finance Guide of Indonesia. The Fair Finance Guide assesses and scores bank policies on a wide range of issues against international standards of sustainability and human rights. Go here for the review.    

image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

Citi and the Equator Principles

Implementation and reporting

Citi is reporting on the implementation here.


Contact and complaints

Equator Principles dodgy deals
dodgy deals on record
Block 31, Yasuni National Park
Ecuador
Ecuador's Yasuni National Park is threatened by planned oil development by the Brazilian oil company Petrobras. The oil development will take place in Block 31, two thirds…
Kashagan oil project
Kazakhstan
An offshore oil project in the north Caspian Sea, Kashagan is part of the North Caspian Sea Production Sharing Agreement (PSA), a 40-year contract that was signed in 1997…
Woodside Petroleum’s gas refinery
Australia
The Browse Basin gas field off Western Australia's (WA's) north coast is estimated to contain 35 trillion cubic feet of gas. Woodside Petroleum Ltd and its joint venture…

image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

Bauxite mine Niyamgiri Hills
India
On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…
Dominion Cove Point LNG
United States
U.S. liquefied natural gas ("LNG") holding company Dominion Midstream Partners (DM.), which owns Dominion Cove Point LNG in Maryland, a company owning LNG import, storage,…
Great Barrier Reef Coal & Gas Exports
Australia
Australia is on the verge of an unprecedented coal boom. The epicentre of this expansion is the yet-to-be-developed Galilee Basin in Central Queensland. Galilee is the proposed…
Keystone XL pipeline
United States
TransCanada is proposing a 36-inch, 1,700 mile pipeline, that would carry 900,000 barrels of Tar Sands oil from Hardisy, Alberta to Port Arthur, Texas. The pipeline system,…
Mochovce nuclear power plant (units 3 & 4)
Slovakia
The building of Slovakia's Mochovce 3 and 4 nuclear reactors is the longest running nuclear construction project anywhere in Europe. The reactors were designed by the Soviet…
Mountain top removal coal mining
United States
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
Offshore Detention Centres
Australia
Australia's system of privatised, offshore detention centres (ODCs) for asylum seekers, on remote Pacific islands, is an ongoing human rights catastrophe. Spanish company…
check dodgy deals on record
image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

BankTrack has identified controversial issues with the companies listed below that require attention from Citi.

Adani
India
Adani is a large Indian resources, logistics and energy company with big expansion plans. It was founded by Indian billionaire Gautam Adani, in 1988. It has coal mining interests…
Alpha Natural Resources
United States
Alpha Natural Resources is a large American producer of metallurgical and thermal coal. It also provides services relating to equipment repairs, road construction and logistics…
Anglo American
United Kingdom
Anglo American is a British multinational mining company headquartered in London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world…
Arch Coal
United States
Arch Coal is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United…
Areva
France
Created in 2001 and 90% owned by the French state, this multinational conglomerate boasts of interests in every aspect of nuclear power from uranium mining to nuclear fuel…
Astra Agro Lestari
Indonesia
Astra Agro Lestari is Indonesia's second largest palm oil producer by area. It controls 298,000hectares of fully developed plantations in Sumatra, Kalimantan and Sulawesi.…
BHP Billiton
Australia
BHP Billiton is the world's largest mining company. It occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal,…
Coal India
India
Coal India is the biggest coal producer worldwide, majority-owned by the government of India. It was created in the 1970's when India's coal mining industry was nationalised…
Drummond
United States
Drummond Company Inc. is a coal mining company based in Birmingham, Alabama, United States, with operations in Alabama and in La Loma, Colombia. It controls coal reserves…
EDF
France
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
Elbit Systems
Israel
Elbit Systems is a military equipment producer with a focus on defense electronics such as intelligence gathering systems.  It was established in 1967 and is headquartered…
Eletrobras
Brazil
Founded in 1962, Eletrobras is an electric power holding company and the largest electricity generation and transmission company in Brazil. Through its subsidiaries it owns…
Enel
Italy
Enel is Italy's largest power company and Europe's second largest according to its generating capacity. Its interests stretch beyond Italy to 40 countries on four continents.…
ENGIE
France
ENGIE (known as GDF SUEZ until April 2015) is the largest independent power producer in the world. In 2013 it operated 600 power plants worldwide. It had 113.7 GW of installed…
EPH
Czech Republic
EPH (Energetický a Průmyslový Holding) is a Czech Republic based company currently investing mainly in the energy sector in Central Europe. The group's business…
ESKOM
South Africa
Eskom is the world's eleventh-largest power utility in terms of generating capacity and ranks ninth in terms of sales. In 2011 it had an installed generating capacity of…
First Resources
Singapore
First Resources is palm oil producer in the Asia-Pacific, established in 1992. It has more than 170,000 hectares of plantations and operates twelve palm oil mills in Indonesia.…
Glencore
Switzerland
Glencore plc (formerly Glencore Xstrata) is an Anglo-Swiss multinational commodity trading and mining company. The company was created through a merger of Glencore with Xstrata…
Golden Agri-Resources - GAR
Singapore
Golden Agri-Resources Ltd (GAR) is the world's second largest palm oil plantation company with a total planted area of 470,600 hectares (including smallholders) as at 30…
IOI Corporation
Malaysia
IOI Corporation, founded in 1969, is a Malaysian conglomerate involved in the property and plantation business, including oil palm cultivation. The company's specialty fats…
Jindal Steel & Power
India
Jindal Steel and Power Limited (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure. It…
Kencana Group
Singapore
Kencana Group is an oil palm company, based in Singapore. The company was  created in 1996 and listed on the Singapore Exchange on 25 July 2008, Kencana Agri Limited…
Kuala Lumpur Kepong
Malaysia
Kuala Lumpur Kepong Berhad (KLK) is Malaysia's third largest palm oil plantation company, with a land bank of roughly 250,000 ha spread across Malaysia (Peninsular and Sabah)…
Lockheed Martin
United States
Lockheed Martin is one of the worlds largest arms-producing and military services companies. It is a global security company engaged in the research, design, development,…
National Thermal Power Corporation (NTPC)
India
National Thermal Power Corporation is the largest electricity producer in India. In 2014, its total installed capacity was of 42,964 MW (including 5,974 MW through Joint…
OLAM
Singapore
Olam International Limited is a global integrated supply chain manager, processor and trader of soft commodities like palm oil, cocoa, coffee, cashew, rice and cotton. It…
Rio Tinto
Australia
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
Royal Dutch Shell
Netherlands
Royal Dutch Shell plc is a public limited company registered in England and Wales and headquartered in The Hague, the Netherlands. The group operates in upstream, downstream…
RWE
Germany
RWE is Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company is active in the generation,…
Shenhua Group
China
Shenhua Group is a wholly state-owned company founded in 1995 directly under the central government. It is the largest coal producing company in the world. It takes coal…
Textron
United States
Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…
Vattenfall
Sweden
Sweden's state-owned Vattenfall is Europe's sixth largest generator of electricity and largest producer of heat. In 2013, Vattenfall's total installed capacity across all…
Wilmar Group
Singapore
Wilmar International (WLIL.SI), founded in 1991 and headquartered in Singapore is one of the world's largest agribusinesses. It is involved in a wide range of businesses,…
check company profiles on record
image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network


 = dodgy deal
 = company profile
image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

pictures
Citi demonstrations Apr 18, 2011

videos

Mountaintop Removal: An American Tragedy
Apr 06, 2011 - Wake up call for MTR banks

Wise Up Dominion
Nov 05, 2008 - RAN joins its Appalachian allies to demand a clean energy future in Wise County, Virginia.

Demonstration at Citi AGM, 22 April 2008
May 08, 2008 - Demonstration against the involvement of Citi Group in financing mountain top removal coal mining

RAN Action at Citibank in Washington DC
Nov 07, 2007 - RAN action protests against Citibank's coal investments on November 5, 2007.

image
headquarters
399 Park Avenue
NY 10043 New York
United States
supervisor
Federal Reserve
CEO/chair
Mr. Michael Corbat
CEO
 
banktrack contact

Ben Collins, Ranforest Action Network

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