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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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
voluntary initiatives:

investment policies of Citi
Citi Nuclear Sector Standard
Feb 22, 2013 | Citi
Date of publication unknown.
Environmental policy framework
Apr 01, 2012 | Citi
Mountaintop Removal Mining Environmental Due Diligence Process
Aug 01, 2009 | Citi
Statement on Human Rights
Aug 01, 2009 | Citi
Citi sustainable forestry policy sector sector standard
Feb 11, 2008 | Citi
ESRM Approach to Commercial Logging
Apr 10, 2007 | Citi
Approach to Commercial Logging and Primary Processing of Timber
Position statement on climate change
Feb 01, 2007 | Citi
position statement on climate change.

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

sector and issue policies (status 2010)

Early in 2010, BankTrack reviewed the publicly available sector and issue policies of Citi to assess how these policies dealt with social and environmental issues and met international best practice for a particular sector or issue. Go here for the report.

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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
Citi and the Equator Principles

Implementation and reporting

Citi is reporting on the implementation here.


Contact and complaints

Equator Principles dodgy deals
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…
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…
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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
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…
Canadian tar sands
Canada
In the Canadian Boreal forest just downstream of the eastern foothills of the Rocky Mountains are the Canadian tar sands. The region contains some 2 trillion barrels of oil,…
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…
Ilisu dam
Turkey
The 1,200 MW Ilisu dam project is planned on the Tigris River in Southeast Turkey, some 50 km away from the border with Syria and Iraq. A 1,800 m-long wall will form a 313…
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…
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 1000 feet off the tops of mountains order to…
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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by

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

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…
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…
Coal India
India
Coal India is the biggest coal producer worldwide, owned by the government of India. It was created in the 1970's, when India's coal minging industry was nationalised in…
E.on
Germany
E.ON is one of the world's largest investor-owned power and gas companies. It owns major asset positions in the U.S., Russia, Brazil, Germany, the United Kingdom, Sweden,…
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.…
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…
GDF Suez and International Power
France
GDF SUEZ is the largest independent power producer in the world. In 2013 it operated 600 power plants worldwide. It had 113.7 GW of installed power production capacity and…
Lockheed Martin
United States
Lockheed Martin is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology…
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…
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,…
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 Sweden it has a market share of 50%. The company's generation…
Vedanta Resources
United Kingdom
Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is…
Wilmar Group
Singapore
General Overview 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…
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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by

 = 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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
pictures
Citi demonstrations Apr 18, 2011

videos

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

Banking in the Shadows .. a Trip to Jersey
Sep 07, 2009 - The British Channel Island of Jersey is a major European tax haven. In March 2009, European activists visited Jersey to expose how tax havens affect the lives of ordinary people around the world.

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

Bill Barclay, Ranforest Action Network, United States
Michelle Chan, Friends of the Earth US, United States


tracked by
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banktrack tweets
RT @PowerPastCoal: Which banks are backing #coalexport? New report from @RAN, @sierraclub & @BankTrack lays it out http://t.co/BnT21n7h4a v…
Apr 23, 2014
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Apr 23, 2014
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