CitiUnited States
Created before Nov 2016
Last update: 2019-03-15 12:01:00
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About Citi

Citigroup Inc., doing business as Citi, is a major US financial services company based in New York, NY. Citigroup was formed from a merger between Citicorp and financial conglomerate Travelers Group. It 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 US government.

Website http://www.citigroup.com
Headquarters
399 Park Avenue
NY 10043 New York
United States
CEO/chair Mr. Michael Corbat
CEO
Supervisor
Federal Reserve
Annual reports CSR report 2018
Annual report 2018
Ownership
listed on NYSE Euronext & Tokyo Stock Exchange

Citi's share holder structure can be accessed here.

Related Dodgy Deals

Citi has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Dakota Access Pipeline United States profile

energy distribution | oil and gas
Debt – project finance
USD 235 million
2 August 2016 - 2 August 2019
source: Sunoco Logistics Partners L.P. 8-K Filing to the US Securities and Exchange Commission, courtesy of Rainforest Action Network
link

Keystone XL pipeline United States profile

oil and gas | transport and infrastructure
Uncategorised
USD 2.58 billion
2007 - 2010
shares/bonds underwriter or manager - general purpose
source: Bloomberg

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
Citi does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
Co financed CAD 14 billion corporate loan to Kinder Morgan including underwriting from January 1, 2014 through May 2017
source: Mazaska Talks
link
There are no active projects for Citi now.

Projects - on record profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 40 million
26 May 2016 - 26 May 2021
Part finance of USD 600 million revolving credit facilty
source: Rainforest Action Network
link

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 308 million
November 2016
Participation in syndicated loan (revolving credit) of USD 5 billion to Dominion Energy
source: Dominion SEC Ex. 10.1
link
Debt – corporate loan
USD 25.5 million
October 2016
Participation in syndicated loan (revolving credit) of USD 300 million to Dominion Energy
source: Dominion SEC Ex. 10.2
link
Debt – corporate loan
USD 340 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan profile

oil and gas
Debt – project finance
February 2004

Bauxite mine Niyamgiri Hills India profile

mining - non coal
Share issue – underwriter
Issuing of shares: Vedanta in 2003 (IPO) and 2007, Sterlite Industries June 2007
Debt – corporate loan
General corporate finance: Vedanta in April 2007, May 2008 & August 2008

Block 31, Yasuni National Park Ecuador profile

oil and gas
Uncategorised

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 25,680.2 million
2009
Total Tar Sands Financing
source: link
Debt – corporate loan
2007
Bond issue – underwriter
2007
Share issue – underwriter
2007

Dominion Cove Point LNG United States profile

energy distribution
IPO underwriter
October 2014
source: link

Dynegy coal power plants United States profile

energy plants - coal
Bond issue – underwriter
May 2007
Debt – corporate loan
May 2007

Grasberg gold and copper mine Indonesia profile

mining - non coal
Debt – corporate loan
USD 26 million
June 2006

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 231 million
5 May 2013
source: link

Ilisu dam Turkey profile

energy plants - dams
Uncategorised
Citigroup is a major shareholder owning 20%. This is the result of "a strategic partnership signed in 2006 (Akbank, “Akbank in brief”, Website Akbank, Viewed in January 2011). Under this partnership, Sabanci Holding and Citigroup have granted each other a right of first refusal or first offer over the sale of any of their Akbank shares in the future. In addition, Citigroup was able to appoint one of Akbank's (non-executive) directors and Akbank was able to appoint one of the (non-executive) directors of Citigroup's Turkish banking subsidiary Citibank AS. The partnership also includes a strategic collaboration between Citigroup and Akbank to pursue new commercial activities, referral arrangements and joint ventures."
source: Profundo study

Kashagan oil project Kazakhstan profile

oil and gas
Debt – corporate loan
September 2007
KazMunaiGas repaid loan October 2008

Mining in Goa/ Sesa Goa India profile

mining - non coal
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007

Mochovce nuclear power plant (units 3 & 4) Slovakia profile

energy plants - nuclear
Debt – corporate loan
EUR 350 million
April 2004

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 1,324 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – project finance
EUR 1.599 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Mountain Valley Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 51 million
18 February 2014 - 18 February 2019
source: EQM filings at the SEC
link

Offshore Detention Centres Australia profile

Immigration detention
Debt – corporate loan
EUR 56.82 million
26 February 2016
Participation in corporate loan to Ferrovial
source: Report Association with abuse

Palm Oil Plantations in the Sambas District Indonesia profile

agriculture - palm oil
Debt – corporate loan
March 2005

Woodside Petroleum’s gas refinery Australia profile

oil and gas
Uncategorised

Companies - active profiles

Adani India profile

energy plants - coal | mining - coal | oil and gas
Share issue – underwriter
USD 171.43 million
2016 - 2018
source: Coalexit.org database
link
Debt – corporate loan
USD 62 million
2016 - 2018
source: Coalexit.org database
link
Share issue – underwriter
USD 301 million
2014 - 2017
Combined total share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Equity – share owner/manager
7 October 2013
shares/bonds underwriter or manager - holds 1.05% of the shares
source: link

BAE Systems United Kingdom profile

arms industry and trade
Debt – corporate loan
EUR 100 million
30 April 2018
Citi participated in a syndicated loan to BAE Systems for 100.13 million euro of a total package of 2.3 billion euro.
source: ThomsonEikon
Bond issue – underwriter
EUR 230 million
3 December 2015
Citi participated in a 1.4 billion euro bond issuance for 230 million euro for BAE Systems
source: ThomsonEikon

Drummond United States profile

mining - coal
Debt – corporate loan
USD 250 million
28 April 2017
Co-financed revolving credit facility of a total of USD 250 million
source: Thomson EIKON (2018, October), "Tearsheet - 3453159115", viewed in October 2018
Uncategorised
EUR 24.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 38.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Elbit Systems Israel profile

arms industry and trade | aviation | security and surveillance systems
Equity – share owner/manager

Enea Group Poland profile

energy distribution | energy plants - coal | mining - coal
Bond issue – underwriter
PLN 1.951 billion
- 2020
Via its subsidiary Citi Handlowy co bonds underwriting with PKO, Bank Pekao and Bank Zachodni totalling PLN 1,951 billion
source: Enea Group Consolidated Annual Report 2016
link

Eskom South Africa profile

energy plants - coal | energy plants - nuclear
Debt – corporate loan
USD 61 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Bond issue – underwriter
USD 500 million
June 2013
Proceeds were used for general corporate purposes
source: Thomson ONE Banker, Tearsheets 2550822006, 30 July 2013
Uncategorised
EUR 346.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Bond issue – underwriter
EUR 2.7 million
source: Thomson ONE database.

Golden Agri-Resources (GAR) Singapore profile

agriculture - palm oil
Equity – share owner/manager
2017
Citibank Nominees Singapore PTE LTD holds 8.43% of GAR's shares
source: GAR Annual Report 2017
link
Debt – corporate loan
USD 150 million
July 2015 - 13 July 2018
Citi-group participated in a syndicated loan for $150 million to GAR
source: Friends of the Earth via Reuters
link

Golden Veroleum Liberia (GVL) Liberia profile

agriculture - palm oil
Equity – share owner/manager
2017
Citibank Nominees Singapore PTE LTD holds 8.43% of GAR's shares
source: GAR Annual Report
link
Debt – corporate loan
USD 150 million
July 2015 - July 2018
Citi-group participated in a syndicated loan for $150 million to GAR
source: Friends of the Earth via Reuters
link

Lockheed Martin United States profile

arms industry and trade
Debt – corporate loan
EUR 215 million
24 August 2018
Citi participated for 215.3 million euro in a syndicated 2.2-billion-euro loan to Lockheed Systems
source: ThomsonEikon
Debt – corporate loan
EUR 235 million
9 October 2017
Citi participated on a 2.2-billion-euro loan package for 234.7 million euro
source: ThomsonEikon
Debt – corporate loan
EUR 250 million
7 October 2016
Citi participated on a 2.2 billion euro loan package for 248.04 million euro
source: ThomsonEikon

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 905 million
2014 - 2017
source: BankTrack Coal Developers Report
link

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 182 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 170 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 183.7 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 67.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
Amount not known.
source: Poland, Euroweek - Issue: 767; Project Finance, London, June 2005; Project Finance, London, September 2005; Project Finance, London, July/August 2006; Project Finance, London, November 2006.

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 245 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 128.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 130 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 6.2 million
revolving credit
source: Thomson ONE database.
Debt – corporate loan
EUR 140.6 million
source: Thomson ONE database.
Bond issue – underwriter
EUR 174.3 million
source: RWE, Essen, 1 July 2003; RWE, Essen, 25 November 2008; Thomson ONE database; Website RWE Group (www.rwe.com); RWE, Essen, 24 April 2002.

TC Energy Canada profile

Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

UPM-Kymmene Finland profile

forestry - pulp and paper
Debt – corporate loan
USD 32 million
2011 - 2017
Loans and underwriting between 2011 and 2017
source: Profundo, 2017

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
USD 2 billion
June 2017 - June 2022
Co-financed USD 2 billion credit facility
source: Vale press release
link
Bond issue – underwriter
USD 156.25 million
3 August 2016 - 10 August 2026
Via Vale Overseas Ltd.
source: Profundo research Jan 2019
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
EUR 177 million
2011 - 2013
Total amount of several loans provided during the period 2011-2013.
source: FoE Europe report (November 2015)
link
There are no active companies for Citi now.

Companies - on record profiles

Alliant Techsystems United States profile

arms industry and trade
Uncategorised
Info on Citigroup's role in Alliant Techsystems can be found here:
source: link

Alpha Natural Resources United States profile

mining - coal
Uncategorised
EUR 768.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 1,192 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Anglo American United Kingdom profile

mining - coal | mining - non coal
Uncategorised
EUR 100.4 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 38.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal
Uncategorised
EUR 555.2 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 342.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Bond issue – underwriter
EUR 218.8 million
source: Thomson ONE database
Debt – corporate loan
EUR 343.6 million
source: Thomson ONE database; Euroweek - Issue: 986; Euroweek - Issue: 990; Euroweek - Issue: 1029.

Astra Agro Lestari Indonesia profile

agriculture - palm oil
Uncategorised
INR 109 million
31 September 2013
cash or equivalent on account
source: Annual Rport 2013

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Uncategorised
EUR 112 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Advisor
Principal Manager. Amount not known.
source: Press release, BHP Billiton, Melbourne, 12 November 2007; Reuters, London, 22 November 2007.
Debt – corporate loan
Principal Manager. Amount not known.
source: Annual Report 2008, BHP Billiton, September 2008.
Debt – corporate loan
EUR 60 million
source: International Financing Review, 26 October 2002; Euroweek - Issue: 780; Euroweek - Issue: 877; Prospectus WMC Resources, 26 June 2003; International Financing Review, London, 9 September 2004;International Financing Review, London, 26 March 2005; International Financing Review, London, 23 April 2005; Annual Report 2005, BHP Billiton;
Bond issue – underwriter
EUR 80.8 million
source: International Financing Review, 10 May 2003; Prospectus WMC Resources, 26 June 2003; Press release BHP Billiton, Melbourne, 6 December 2005; Press release BHP Billiton, Melbourne, 26 March 2007.

Coal India India profile

mining - coal
IPO underwriter
2010
assisted Coal India in raising this equity, acting as joint bookrunners
source: Profundo study (December 2010)
Uncategorised
EUR 425.2 million
2010 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

EDF France profile

energy plants - nuclear
Share issue – underwriter
EUR 240.7 million
source: Thomson ONE database; Euroweek - Issue: 927.
Bond issue – underwriter
EUR 443.1 million
source: Thomson ONE database; Euros, Euroweek - Issue: 659; Euroweek - Issue: 673; Euroweek - Issue: 826.
Debt – corporate loan
EUR 452.8 million
source: Thomson ONE database

Eletrobras Brazil profile

energy distribution | energy efficiency | energy plants - biomass | energy plants - dams | energy plants - nuclear | energy plants - ocean energy | energy plants - solar | energy plants - thermoelectric | energy plants - wind | energy transmission
Debt – corporate loan
EUR 15.4 million
source: Press release Corporacion Andina de Fomento, Caracas, 10 December 2005; Website Societe Generale; Website Trade Finance Magazine; Thomson ONE database.

En+ Group Russian Federation profile

energy plants - coal | energy plants - dams
Approached, interested
2017
Participates in USD 1.5 billion IPO
source: En+ Group press release
link

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
EUR 33 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 34.5 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

EPH Czech Republic profile

energy plants - coal | energy plants - hydro | energy plants - nuclear | mining - coal
Debt – corporate loan
EUR 1.5 billion
2013
Participant
source: Sandbag
Debt – corporate loan
EUR 1 billion
2012
Participant
source: Sandbag

First Resources Singapore profile

agriculture - palm oil
Uncategorised
14 March 2014
shares/bonds underwriter or manager - holds 13.06% of the shares - Citibank Nominees Singapore
source: Annual Report 2013

Glencore Switzerland profile

mining - coal
Uncategorised
EUR 579.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 579 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

IOI Corporation Malaysia profile

agriculture - palm oil
Bond issue – underwriter
USD 150 million
20 June 2012
Joint bookrunner for US$ 600 mln. bond issuance. Part of four participating banks, providing $ 150 mln.
source: ThomsonONE Banker
Uncategorised
shares/bonds underwriter or manager - through Citigroup Global Markets, Citibank Bhd

Jindal Steel & Power India profile

mining - coal | mining - non coal
Debt – corporate loan
EUR 0.6 million
2010 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Kencana Group Singapore profile

agriculture - palm oil
Approached, interested
2013
owns 5.95% of the companies shares
source: Annual Report 2013

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 245 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

Korea Electric Power Corporation (KEPCO) South Korea profile

energy plants - coal | energy plants - nuclear | mining - coal | nuclear industry
Share issue – underwriter
USD 675 million
2014 - 2017
Share and bond issuance combined
source: Coal Developers Report 2017
link
Uncategorised
EUR 31.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Kuala Lumpur Kepong Malaysia profile

agriculture - palm oil
Uncategorised
November 2013
shares/bonds underwriter or manager - holds 14.21% of the shares as nominee - for the Employess provident Fund Board
source: Annual Report 2013

National Thermal Power Corporation (NTPC) India profile

energy plants - coal | energy plants - hydro | energy plants - renewables | manufacturing | mining - coal
Share issue – underwriter
USD 850 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report
link
Uncategorised
EUR 345.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

OLAM Singapore profile

agriculture - food crops | agriculture - palm oil | forestry - pulp and paper
Uncategorised
22 September 2014
shares/bonds underwriter or manager - holds 18.68% of the shares - on behalf of Citibank Nominees Singapore and Citibank Consumer nominees
source: Annual Report 2014

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Uncategorised
EUR 27.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 34.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
Principal manager.
source: Website Rio Tinto (www.riotinto.com).
Debt – corporate loan
EUR 0.8 million
source: Thomson ONE database.
Bond issue – underwriter
EUR 5.8 million
source: Press release Rio Tinto, London, 20 June 2001; Euroweek - Issue: 708; Euroweek - Issue 807; Thomson ONE database.

Royal Dutch Shell Netherlands profile

oil and gas
Debt – corporate loan
USD 1,467 million
2010 - 2013
Bank loans. Can NOT be used for Shell's Arctic drilling programme.
source: Profundo

Shenhua Group China profile

energy plants - coal | mining - coal
Uncategorised
EUR 49.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
 164.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Textron United States profile

arms industry and trade
Uncategorised
Info on Citigroup's role in Textron can be found here:
source: link

Trafigura Singapore profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 193 million
2012 - 2016
Total corporate loan between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,012 million
2012 - 2016
Total revolving credit between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Vattenfall Sweden profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | mining - coal | mining - non coal | nuclear industry
Uncategorised
EUR 368.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 470.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 223.7 million
source: Thomson ONE database; Website Vattenfall (www.vattenfall.com); Thomson ONE Banker.
Bond issue – underwriter
EUR 466.1 million
source: Euroweek - Issue: 646; Euroweek - Issue: 660; Euroweek - Issue: 670; Euroweek - Issue: 806; Thomson ONE database; Press release Vattenfall, Stockholm, 5 March 2009; Thomson ONE Banker; Press release Vattenfall, Stockholm, 1 April 2009; Press release Vattenfall, Stockholm, 6 May 2009.

Vedanta Resources United Kingdom profile

mining - non coal
Debt – corporate loan
USD 66.8 million
August 2008
Bond issue – underwriter
USD 208.3 million
June 2008
Share issue – underwriter
EUR 129 million
June 2007
12.9 million shares/ €129 million - Managed and underwritten for subsidiary Sterlite Industries
Debt – corporate loan
USD 75 million
April 2007

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 53 million
2012 - 2016
Total corporate loan between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 805 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Dodgy Deals map

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News

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Type:
Year:
blog
external news
our news

Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Major Asian, European banks and US brands still linked to controversial company
2019-06-18 | San Francisco, CA | Rainforest Action Network
blog
external news
our news

Antitrust: Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

2019-05-16 | European Commission press release
blog
external news
our news

US banks pledged to fund renewable energy, but they still spend way more on fossil fuels

2019-03-28 | Mother Jones
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Things you need to know about Citi’s underwhelming coal policy

Citi's response to global crisis is half measures.
2019-01-31 | Linda Capato Jr. - Rainforest Action Network
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

COP24: New research reveals the banks and investors financing the expansion of the global coal plant fleet

Japanese banks top lenders, Chinese banks top underwriters; US companies biggest institutional investors in the coal plant pipeline
2018-12-05 | Katowice, Poland | BankTrack, urgewald
blog
external news
our news

Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
blog
external news
our news

Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
blog
external news
our news

New coal report finds troubling loopholes in existing bank policies

Analysis shows broad compliance with credit exposure reduction commitments – but six biggest US banks still increased coal financing In 2017
2018-08-16 | Rainforest Action Network
blog
external news
our news

HSBC's shift on energy lending has Suncor throwing its toys out of the pram

But new policy is no isolated move - finance for tar sands will dry up, just as it is doing for coal.
2018-08-09 | Claire Hamlett – BankTrack, Ryan Brightwell – BankTrack
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

Uncertainty over the future of the Trans Adriatic Pipeline, as EBRD envisages loan decision

2018-06-14 | Elena Gerebizza - Re:Common
blog
external news
our news

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
blog
external news
our news

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
blog
external news
our news

Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Out of sync with climate reality – the coal mine and coal plant dreams of Poland's two dirty utilities

2018-02-26 | Warsaw | Katarzyna Kubiczek, Ecological Association EKO-UNIA
blog
external news
our news

With a little help from the European Commission: TAP and the Southern Gas Corridor

2018-02-23 | Counter Balance
blog
external news
our news

CITIGROUP DROVE PUERTO RICO INTO DEBT. NOW IT WILL PROFIT FROM PRIVATIZATION ON THE ISLAND.

2018-02-21 | The Intercept
blog
external news
our news

EIB approves 1.5 billion Euro loan for TAP gas pipeline

2018-02-06 | Reuters
blog
external news
our news

Southern Gas Corridor: Dirty as coal

2018-01-30 | 350.org
blog
external news
our news

TAP pipeline on course for first gas to Italy in early 2020

2017-12-22 | Reuters
blog
external news
our news

Banks criticised for funding coal deals despite Paris agreement

2017-12-11 | Financial Times
blog
external news
our news

EU commission urged bank to support Azerbaijan gas pipeline

2017-11-27 | ClimateHome
blog
external news
our news

European banks are financing monuments to a bygone fossil fuel era

2017-11-15 | Huffington Post
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Germany tightens the screws on international funds to Turkey

2017-10-25 | Bloomberg
blog
external news
our news

EBRD board approves $500 mln loan for TANAP gas pipeline project

2017-10-18 | Reuters
blog
external news
our news

“Responsible” investors under scrutiny for investing in climate-destroying banks

2017-09-26 | Rainforest Action Network
blog
external news
our news

The Azerbaijani Laundromat scandal and the Trans Adriatic Pipeline

Bank financing for fossil fuels is dirty, but how dirty?
2017-09-22 | Greig Aitken – BankTrack
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

150,000 People Representing more than $4 Billion Call on Banks to Defund Tar Sands Pipelines

2017-06-28 | Washington, DC | Divestinvest, Mazaska Talks
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

CitiBank's reckless investment in the past

2017-05-24 | Lena Moffitt - Sierra Club
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
blog
external news
our news

Top US and UK banks urged not to help bankroll destructive Rampal coal plant in Bangladesh

2016-12-08 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

Citi's Statement on the Dakota Access Pipeline Project

2016-11-08 | Citigroup
blog
external news
our news

Pipeline protest comes south

2016-10-21 | The Rapid City Journal
blog
external news
our news

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia

2016-05-25 | Nijmegen | BankTrack
blog
external news
our news

Bank financing of staggering Polish coal development plans continues to run deep

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

Citi tightens its policy on coal sector lending

2015-10-06 | Environmental Finance
blog
external news
our news

Citi promises to cut lending to coal miners

2015-10-05 | The Financial Times
blog
external news
our news

Citigroup, Citing Climate Change, Will Reduce Coal Financing

2015-10-05 | Bloomberg
blog
external news
our news

Citigroup takes a step away from banking coal

2015-10-05 | San Francisco | Rainforest Action Network
blog
external news
our news

Citigroup Takes a Step Away From Banking Coal

2015-10-05 | RAN blog
blog
external news
our news

Fair Finance Guide launches in Indonesia

Indonesian banks lag behind in incorporating social and environmental issues
2015-03-11 | Jakarta | Koalisi Responsibank Indonesia
blog
external news
our news

RAN slams Citigroup over greenwashing

Citigroup's new clean energy commitment fails to reduce fossil fuel exposure
2015-02-18 | San Francisco | Claire Sandberg
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

RAN Applauds Move by U.S. Banks to Reject Australian Coal Port

Abbot Point coal export project presents dire threat to climate and to the Great Barrier Reef
2014-10-27 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack Blog: “Green Bond” issue risks raising finance for destructive dams

2014-07-09
blog
external news
our news

“Green Bond” issue risks raising finance for destructive dams

2014-07-09 | Ryan Brightwell – BankTrack, Zachary Hurwitz – International Rivers
blog
external news
our news

Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards

Fifth annual coal finance report shows JPMorgan Chase and Wells Fargo end financing for mountaintop removal coal
2014-04-17 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
blog
external news
our news

Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

2013-12-12 | RAN
blog
external news
our news

From Main Street to Wall Street, US banks and brands support illegal forest destruction for palm oil

International investigation names brands and investors behind commodity's boom
2013-11-21 | Washington / Jakarta | Friends of the Earth US
blog
external news
our news

Banks Move to Measure Their True Climate Impacts

2013-10-29 | RAN
blog
external news
our news

Heads Up, Big Banks: The Divestment Movement is Coming for You

2013-10-14 | RAN
blog
external news
our news

Divestors Take Their Fight to Big Banks

2013-10-10 | RAN
blog
external news
our news

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
blog
external news
our news

Investor Alert: GVK's US$10 billion Australian coal project uneconomic, an unacceptable risk

Finanial analysis of GVK Alpha Coal Project in Queensland's Galilee Basin concludes
2013-06-19 | Sydney | Greenpeace
blog
external news
our news

New Coal Finance Report Card Exposes Risk of Extreme Energy Investments

Banks pump $20 billion into coal despite U.S. coal industry decline and escalating climate impacts
2013-04-29 | San Francisco | Rainforest Action Network
blog
external news
our news

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
blog
external news
our news

Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

2013-04-10 | RAN
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
blog
external news
our news

US banks risk public health and climate by financing coal

RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard”
2012-05-01 | San Francisco, USA | Rainforest Action Network
blog
external news
our news

Greenwash of the Week

2012-04-25 | RAN understory blog
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Texan Takes Fight Against Tar Sands Pipeline to Citigroup

2011-04-21 | RAN blog
blog
external news
our news

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
blog
external news
our news

New report finds bank Carbon Principles did not curb financing of coal

Rainforest Action Network report finds implementation of the Carbon Principles lacking
2011-01-21 | San Fransisco | Rainforest Action Network
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Bankruptcy threatens banks operating in Belgium

Netwerk Vlaanderen calls to halt investments in coal plants
2010-06-02 | Brussels/ Ghent | Netwerk Vlaanderen
blog
external news
our news

BankTrack calls on banks to stop funding nuclear power

New website exposes nuclear secrets of commercial banks
2010-05-26 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Top financial institutions invest over US$43 billion in producers of cluster bombs

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

28 countries accused of facilitating money laundering … but key offenders missing

also banks that do business with corrupt regimes have been exposed in Global Witness research
2010-02-18 | London | Global Witness
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
blog
external news
our news

Leading banks facilitating corruption, fuelling poverty

Global Witness to testify at Financial Services Committee Congressional Hearing  
2009-05-19 | Washington DC | Global Witness
blog
external news
our news

Carbon Principles and Climate Principles will not stop melting of the ice

2009-03-30 | Bonn, Nijmegen | BankTrack
blog
external news
our news

Protests at shareholders meetings of Citi, Bank of America and RBS

US and UK banks find BankTrack campaigners protest against financing climate change
2008-04-23 | New York, Edinburgh, Charlotte | Rainforest Action Network
blog
external news
our news

Campaigners confront Citi over coal financing at annual shareholder meeting

2008-04-22 | New York | Rainforest Action Network
blog
external news
our news

“Carbon Principles” Another Nail in Coals Coffin

Growing anti-coal movement forces banks to take first step toward ending coal finance
2008-02-05 | San Francisco | Rainforest Action Network
blog
external news
our news

Thousands on Streets to Protest Citi and Bank of America’s Coal Investments

climate activists tell banks to stop funding coal plants and extraction
2007-11-16 | San Francisco | Rainforest Action Network
blog
external news
our news

Coalfield Residents, Activists and Students Close Down D.C. Citi Branch

Citi to stop funding coal and climate change
2007-11-06 | Washington DC | Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
annual reports

CSR report 2018

2019-04-29 00:00:00 | Citi
our publications

Annual General Meeting Shareholder Briefing Citi

2019-04-10 00:00:00 | BankTrack
annual reports

Annual report 2018

2019-03-11 00:00:00 | Citi
csr policies

Environmental and Social Policy Framework

2018-12-31 00:00:00 | Citi
our publications

Coal plant developers: 2018 research analysis

2018-12-05 00:00:00 | BankTrack
csr policies

Statement on human rights

2018-11-22 00:00:00 | Citi
bank documents

Finance for a climate-resilient future

Citi's TCFD Report
2018-11-13 00:00:00 | Citi
correspondence

Letter from BankTrack and 120 organisations to Citi on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies

Code of ethics for financial professionals

2018-10-02 00:00:00 | Citi
ngo documents

Banking on coal mining

U.S. banks’ performance against their policies since 2015
2018-08-31 00:00:00 | Rainforest Action Network
annual reports

Annual Report 2017

2018-03-31 00:00:00 | Citi
annual reports

Annual Global Citizen Report 2017

2018-03-31 00:00:00 | Citi
ngo documents

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
correspondence

Letter from Citi to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations

2018-01-17 00:00:00 | Citi
bank documents

Sustainable Growth at Citi - 100 Billion Environmental Finance Goal

2017-12-31 00:00:00 | Citi
csr policies

Energy & Power Sector Framework

2017-12-31 00:00:00 | Citi
ngo documents

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
ngo documents

Banks: High Carbon, Hidden Risks

2017-09-25 00:00:00 | Rainforest Action Network
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
bank documents

Citi to be 100 Percent Powered by Renewable Energy by 2020

2017-09-19 00:00:00 | Citi
bank documents

Banking on 2030: Citi & the Sustainable Development Goals

2017-09-19 00:00:00 | Citi
csr policies

Anti-bribery program

2017-08-31 00:00:00 | Citi
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
csr policies

UK Modern slavery act statement

2017-06-23 00:00:00 | Citi
ngo documents

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports

Annual Report 2016

2017-05-17 00:00:00 | Citi
annual reports

Global Citizenship Report 2016

2017-05-17 00:00:00 | Citi
csr policies

Code of conduct

2017-03-31 00:00:00 | Citi
ngo documents

Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division

2017-01-31 00:00:00 | RAN, TuK & Profundo
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
correspondence

Letter from Citi to BankTrack on Dakota Access Pipeline

2016-12-09 00:00:00 | Citi
correspondence

Letter from 53 organisations to 5 banks on Exim India bonds

2016-12-08 00:00:00 | 53 organisations
correspondence

Letter from 500 organisations to Citi on financing DAPL

2016-11-30 00:00:00 | 500 organisations
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
correspondence

Letter from BankTrack et al. to Citi on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
our publications

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
our publications

Human Rights Impact Briefing #2: Drummond and paramilitary violence in Colombia

2016-05-25 00:00:00 | BankTrack
annual reports

Annual Report 2015

2016-05-19 00:00:00 | Citi
annual reports

2015 Citi Global Citizenship Report

2016-05-19 00:00:00 | Citi
correspondence

Letter from Citigroup to BankTrack on Drummond Human Rights Impact Briefing

2016-04-15 00:00:00 | Citigroup
our publications

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

2016-02-16 00:00:00 | BankTrack
correspondence

Letter from Citi to BankTrack on IOI Corporation Human Rights Impact Briefing

2016-01-15 00:00:00 | Citi
annual reports

Annual Report 2014

2015-03-23 00:00:00 | Citi Bank
correspondence

Letter from FoE US to banks on - annex 1, petition Wilmar and PT SIL (english)

2015-02-25 00:00:00 | FoE US
correspondence

Letter from FoE US to banks on - annex 2, petition Wilmar and PT SIL (bahasa)

2015-02-25 00:00:00 | FoE US
csr policies

Sustainable Progress

Citi’s Five-Year Sustainability Strategy
2015-02-18 00:00:00 | Citi Group
ngo documents

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
annual reports

2014 Citi Global Citizenship Report

2014-12-31 00:00:00 | Citi
correspondence

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents

Dominion Midstream Partners - Profundo Risk Report

Liquefied natural gas holding company - Avoid
2014-09-10 00:00:00 | Profundo
our publications

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
correspondence

Letter from BankTrack to signatory banks on Green Bond Principles

2014-04-09 00:00:00 | BankTrack
annual reports

Annual Report 2013

2014-01-01 00:00:00
annual reports

Global Citizenship Report 2013

2014-01-01 00:00:00
csr policies

Sector briefs - Thermal power

2014-01-01 00:00:00 | Citi
csr policies

Sustainable Forestry Standard

2013-12-31 00:00:00 | Citi
bank documents

The Unimaginable : Peak Coal in China

2013-09-04 00:00:00 | Citi Group
annual reports

2012 Global citizenship report

2013-06-05 00:00:00 | Citi
our publications

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports

2012 Annual Report

2013-03-14 00:00:00 | Citi
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
2012-06-10 00:00:00 | FairFin and IKV Pax Christi
our publications

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at the Bottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
other documents

Citi Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
our publications

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents

The Principle Matter - Banks, climate and the Carbon Principles

2011-01-21 00:00:00 | Rainforest Action Network
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents

Bankers on Tenterhooks - Climate change : co-funded by banks operating in Belgium

2010-06-02 00:00:00 | Netwerk Vlaanderen
our publications

Policy and Practice, report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence

Mountaintop Removal request for information letter sent to Citigroup

2010-04-14 00:00:00 | RAN, Sierra Club, BankTrack
other documents

Citigroup cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents

Citigroup cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
our publications

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
2009-03-01 00:00:00 | BankTrack
ngo documents

Aandelen in klimaatverandering / Shares in climate change (in Dutch, with English summary)

2008-11-05 00:00:00 | Milieudefensie
ngo documents

Profiles of U.S. Banks

2008-01-11 00:00:00 | Ceres
ngo documents

The biggest cause of climate change: Coal-fired power plants

2007-10-24 00:00:00 | Rainforest Action Network (RAN)
correspondence

Statement of Understanding between The Rainforest Action Network and Citigroup

2003-10-31 00:00:00 | Citi, RAN

Media

Citi demonstrations

Protests against Citibank coal financing








Links

Responsi Bank

Fair Finance Guide Indonesia
http://responsibank.id/banks/bank/citibank/

Citi's sustainability policy page

http://www.citigroup.com/citi/sustainability/policies.htm

Policies

Voluntary initiatives

Citi has committed itself to the following voluntary standards:

Investment policies

Citi's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Environmental and Social Policy Framework

2018-12-31 00:00:00 | Citi
csr policies

Statement on human rights

2018-11-22 00:00:00 | Citi
csr policies

Code of ethics for financial professionals

2018-10-02 00:00:00 | Citi
csr policies

Energy & Power Sector Framework

2017-12-31 00:00:00 | Citi
csr policies

Anti-bribery program

2017-08-31 00:00:00 | Citi
csr policies

UK Modern slavery act statement

2017-06-23 00:00:00 | Citi
csr policies

Code of conduct

2017-03-31 00:00:00 | Citi
csr policies

Sustainable Progress

Citi’s Five-Year Sustainability Strategy
2015-02-18 00:00:00 | Citi Group
csr policies

Sector briefs - Thermal power

2014-01-01 00:00:00 | Citi
csr policies

Sustainable Forestry Standard

2013-12-31 00:00:00 | Citi

Campaigns

Citi and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Citi adopted the Equator Principles in 2003.

Reporting on the Equator Principles

Citi must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

Citi is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Woodside Petroleum’s gas refinery Australia

oil and gas

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 in June 2016. Citi is assessed as a Front runner, with a total score of 7.5/12.
Policy: 3/3Due dilligence: 2/3
Reporting: 2/3Remedy: 0.5/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Citi is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

oil and gas
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Woodside Petroleum’s gas refinery Australia

oil and gas

Good moves

Year:

2019

Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ) following the company’s ousting from the leading palm oil certification scheme, the Roundtable on Sustainable Palm Oil (RSPO). Indofood’s palm oil subsidiaries were dropped from the RSPO after failing to…

2015

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…