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CitiUnited States

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This profile is actively maintained
Last update: 2024-12-17 11:40:38
Citi's head office in New York. Photo: Trx4kds via Wikimedia Commons - Public Domain

Active

This profile is actively maintained
Last update: 2024-12-17 11:40:38
Bank info
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About
Website http://www.citigroup.com
Headquarters
388 Greenwich Street
10013 New York
United States
CEO/chair Jane Fraser
CEO
Supervisor
Federal Reserve
Ownership
listed on NYSE & Tokyo Stock Exchange

Citi's shareholder structure can be accessed here.

Subsidiaries
Citibanamex – Mexico (profile)

Citigroup Inc., doing business as Citi, is a major US financial services company based in New York, NY. Citigroup was formed in 1998 from a merger between Citicorp and financial conglomerate Travelers Group. It is active in over 160 countries. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo.

Sustainability
Commitments
Policies
Voluntary standards

Citi's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Environmental and social policies

2025-01-15 00:00:00

Statement on Human Rights

Bank policy
2025-01-15 00:00:00 | Citi
2024-06-28 00:00:00

Environmental and Social Policy Framework

July 2024
Bank policy
2024-06-28 00:00:00 | Citi
2024-04-05 00:00:00

Citi: Respecting the Rights of Indigenous Peoples

Bank policy
2024-04-05 00:00:00 | Citi
2023-03-02 00:00:00

Taskforce on Climate-Related Financial Disclosures Report 2022

Bank policy
2023-03-02 00:00:00 | Citi
2023-01-01 00:00:00

Modern Slavery Act Statement

Bank policy
2023-01-01 00:00:00 | Citi
2019-03-22 00:00:00

Modern Slavery Statement

Bank policy
2019-03-22 00:00:00 | Citi
2018-10-02 00:00:00

Code of ethics for financial professionals

Bank policy
2018-10-02 00:00:00 | Citi
2017-08-31 00:00:00

Anti-bribery program

Bank policy
2017-08-31 00:00:00 | Citi
2017-06-23 00:00:00

UK Modern slavery act statement

Bank policy
2017-06-23 00:00:00 | Citi
2017-03-31 00:00:00

Code of conduct

Bank policy
2017-03-31 00:00:00 | Citi
2015-02-18 00:00:00

Sustainable Progress

Citi’s Five-Year Sustainability Strategy
Bank policy
2015-02-18 00:00:00 | Citi Group
2013-12-31 00:00:00

Sustainable Forestry Standard

Bank policy
2013-12-31 00:00:00 | Citi
Citi has committed itself to the following voluntary standards:
Carbon PrinciplesTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
Japan Climate Initiative (JCI)Tags: climate change | corporate social responsibility
Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Pegasus GuidelinesTags: aviation | corporate social responsibility
Poseidon PrinciplesTags: corporate social responsibility | shipping
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Roundtable on Sustainable Palm Oil (RSPO)Tags: agriculture | commodities | corporate social responsibility
Sustainable Steel PrinciplesTags: corporate social responsibility
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Citi is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Citi's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global LNG fleet’s annual CO₂e emissions soar past 12 billion tonnes while orderbooks shrug off overcapacity warning

LNG shipping giants continue to ramp up vessel orders despite stranded asset risks, potential decades of carbon lock-in, and a mounting emissions toll
2025-05-13 | Seoul | Solutions for Our Climate
BankTrack news BankTrack blog Partner news Partner blog

NZBA to lower climate target and focus on Chinese and Indian banks

Member of net zero alliance’s steering group confirms change to less ambitious ‘well below 2C’ target
2025-04-02 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Banks funneled $902 billion to top polluters through this backdoor channel

New research by corporate accountability group Ekō has exposed banks for a staggering $902 billion in underwriting and group-level financing for 30 of the most polluting companies over the past eight years.
2025-03-24 | Eko
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Why sustainable finance targets could mask climate inaction?

Sustainable finance targets should not be mistaken for evidence of climate action, nor should they be compared with fossil fuel financing.
2025-03-13 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.

Environmental groups say state and international policymakers must step up to stop fossil fuel financing.
BankTrack mentioned
2025-03-03 | Grist
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wells Fargo becomes first major US bank to abandon its net-zero commitment

Sierra Club calls move cowardly and shortsighted
2025-02-28 | San Francisco | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

The world’s biggest climate finance coalition is in crisis. Is it worth saving?

BankTrack mentioned
2025-02-19 | Climate Home News
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: "At Great Cost: The companies building nuclear weapons and their financiers”

2025-02-18 | ICAN, PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

PLN is keeping Indonesia dependent on coal

Indonesia’s largest utility company continues to invest in fossil fuel expansion as major financial institutions keep bankrolling projects
2025-02-18 | Apekshita Varshney - Eko, Novita Indri - Trend Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Seven underwriters of “war bonds” instrumental in enabling Israel’s assault on Gaza, new research finds

Banks have underwritten Israeli government-issued bonds to the value of $19.4 billion since October 7th, 2023
2025-02-14 | BankTrack, PAX, Profundo
BankTrack news BankTrack blog Partner news Partner blog

These seven banks have supplied Israel’s genocide in Gaza to the tune of $20bn

Seven US and European investment banks have been propping up Israel’s brutal genocide in Gaza to the tune of nearly $20bn. And a certain notorious company in particular is dripping in bankrolling complicity: Goldman Sachs.
BankTrack mentioned
2025-02-14 | The Canary
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Coal-free” or a cover-up: Is the mask slipping on EPH’s clean energy transition?

2025-02-12 | Berlin | Beyond Fossil Fuels, Re-set
BankTrack news BankTrack blog Partner news Partner blog

‘Climate Risk is Financial Risk’: Banks Financing Big Meat & Dairy Face Billions in Losses

2025-02-10 | Green Queen
BankTrack news BankTrack blog Partner news Partner blog

RBC Quits Climate Group as Canadian Banks Follow Wall Street

2025-01-31 | BNN Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Without tackling plastic finance, we walk on a dead-end road

2025-01-29 | Manon Stravens - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s moment of truth

With 11 major US and Canadian banks leaving the Net Zero Banking Alliance (NZBA), it’s a pivotal moment for the initiative to finally live up to its promise - or die trying
2025-01-21 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks were largest “corporate enablers” of Russia’s war in Ukraine in 2023, new research finds

Austria’s Raiffeisen Bank International, Italy’s UniCredit, and Hungary’s OTP among top ten tax contributors in Russia
2025-01-13 | BankTrack, B4Ukraine, KSE Institute, Squeezing Putin
BankTrack news BankTrack blog Partner news Partner blog

Do NZBA exits mark the end of bank co-ordination on climate?

It is make or break for the industry-led, UN-convened Net-Zero Banking Alliance
BankTrack mentioned
2025-01-10 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

Six big US banks quit net zero alliance before Trump inauguration

Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts
2025-01-08 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Financiële wereld schroeft groene ambities terug met oog op Trump

BankTrack mentioned
2025-01-07 | Het Financieele Dagblad
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs faces backlash after backing out of global coalition — here's what it had to say

Goldman Sachs' departure appears to have kicked off a wave of other banks ditching NZBA membership.
BankTrack mentioned
2025-01-06 | The Cool Down
BankTrack news BankTrack blog Partner news Partner blog

Most large banks failing to consider Indigenous rights

BankTrack mentioned
2024-12-19 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to refuse MUFG’s call to finance Papua LNG

2024-12-18 | ActionAid Australia, Centre for Environmental Law and Community Rights (CELCOR), Friends of the Earth Japan, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Market Forces, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities urge investors not to buy new ArcelorMittal bonds due to human rights, environmental and climate concerns

2024-12-16 | BankTrack, Fair Steel Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and investors’ unrestricted finance for LNG is fueling a future climate bomb

2024-12-05 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase’s Energy Financing Ratio: transparency is welcome, but targets needed

While the bank’s transparency is noteworthy, the methodology is not perfect, notably in terms of the technologies included
2024-11-25 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP29: New report on SOCAR highlights Azerbaijan’s damning fossil fuel and human rights record

2024-11-23 | Berlin / Baku | urgewald, CEE Bankwatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
Blog
BankTrack news BankTrack blog Partner news Partner blog

LNG shipping emissions: A growing climate crisis

2024-10-10 | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen
2024-10-09 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Activists across the globe call on banks and investors to stop financing TotalEnergies

2024-10-02 | New York/Frankfurt/Paris | 350.org US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Liveable Arlington
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global protests call on major banks to stop financing coal miner Adaro

2024-09-30 | Jakarta | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

World’s biggest banks pledge support for nuclear power

Names including Bank of America, Morgan Stanley and Goldman Sachs boost COP28 goal of tripling capacity by 2050
2024-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Deaths, asthma, climate pollution linked to Citi’s funding of gas terminals

$36 million in health impacts suffered by Texas & Louisiana communities related to Citi’s financing
2024-09-18 | New York | Gulf South Fossil Finance Hub, Hip Hop Caucus, Stand.earth, Stop the Money Pipeline, Texas Campaign for the Environment, The Vessel Project of Louisiana
Blog
BankTrack news BankTrack blog Partner news Partner blog

105 organizations demand banks stop financing industrial livestock production that fuels the climate crisis

Open letter by Friends of the Earth US to the three largest U.S. banks financing industrial livestock
2024-09-17 | Friends of the Earth US
BankTrack news BankTrack blog Partner news Partner blog

Citigroup helped funnel $3.5bn to UAE state oil company

Complex series of deals meant money lent to huge polluter did not affect bank’s climate targets
2024-09-13 | The Buraeu of Investigative Journalism
BankTrack news BankTrack blog Partner news Partner blog

Activists to JPMorgan Chase, BofA, Citi: Stop lending to factory farms

A group of 105 climate change and animal welfare organizations has sent an open letter to the heads of sustainable finance at JPMorgan Chase, Bank of America and Citi, urging them to stop making loans and providing underwriting services to companies operating or involved with large factory farms.
BankTrack mentioned
2024-09-12 | American Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Greenlaundering” hiding true scale of banks’ lending to fossil fuel companies

Two-thirds of bank’s fossil fuel financing made through tax havens specialising in secrecy
2024-09-11 | Tax Justice Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
BankTrack news BankTrack blog Partner news Partner blog

Citi Shift on Amazon Oil Policy Will Still Allow Funding of Destruction

BankTrack mentioned
2024-07-09 | Einpresswire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citibank responds to pressure from Indigenous leaders and environmental organizations with new Amazon policy: a step forward to address oil and gas expansion

New policy of the largest Amazon oil and gas financier will impact around 20% of their financing of the sector in the Amazonian territory
2024-07-09 | Global | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

NZBA misses the target on steel: Banks must step up decarbonization efforts

Long awaited guidance will not stop climate chaos
2024-07-08 | Cynthia Rocamora, Reclaim Finance, Julia Hovenier – BankTrack, Paddy McCully, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

World’s top banks ‘greenwashing their role in destruction of the Amazon’

2024-06-11 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Pressure grows on banks to end business with Indonesian coal giant Adaro

BankTrack mentioned
2024-05-28 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Banks Fund the Destruction of Our Indigenous Land | Opinion

2024-05-20 | Newsweek
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Top 6 U.S. Banks Financed Fossil Fuels with $1.8 trillion Since the Paris Agreement; Chase, Citi, & Bank of America Top the List Worldwide

BankTrack mentioned
2024-05-12 | Public now
Blog
BankTrack news BankTrack blog Partner news Partner blog

Strength in Unity: MarAmazonía Alliance takes on Petroperú at its largest refinery

A campaigner’s account of the groundbreaking MarAmazonía alliance meeting
2024-05-12 | Amazon Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Citi, JPMorgan, Wells Fargo to face AGM challenges over indigenous rights impact

Shareholder proposals will demand greater transparency and adherence to international human rights standards
2024-04-26 | The Banker
BankTrack news BankTrack blog Partner news Partner blog

Citi, JPMorgan, Wells Fargo to face AGM challenges over indigenous rights impact

Shareholder proposals will demand greater transparency and adherence to international human rights standards
2024-04-26 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investor nuns reject Citi Indigenous report as 'wholly unresponsive' in SEC filing

Investor nuns are warning Citi shareholders that the bank does not meet the demands of their resolution on Indigenous Peoples’ Rights.
2024-04-10 | Fossil Free Citi
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citi increases transparency, but fails to disclose clear net-zero transition plan

World’s second largest fossil fuel banker reveals most oil & gas clients not aligned with net-zero
2024-03-28 | New York | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Steel Sector Financiers Disclose Climate Alignment for the First Time — and There’s More Work to Do

Findings from the first Sustainable STEEL Principles report
2024-03-27 | RMI
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Banks under pressure to reveal data comparing green and fossil fuel spending

Criticism sparks agreement by banks to develop a ratio showing whether a bank’s fossil fuel financing is outstripping the amount it is investing in clean energy
BankTrack mentioned
2024-03-25 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New guidelines for Net-Zero Banking Alliance: too little, too late, too slow

The new guidelines for the Net Zero Banking Alliance leave too much latitude to its member banks not to achieve net-zero greenhouse gas emissions by 2050.
2024-03-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Major US banks leave global environmental and social standards group

JPMorgan Chase, Bank of America, Citi, and Wells Fargo have left the Equator Principles as the organization undergoes change, giving rise to questions about its future as a global standard and what the U.S. banks will do.
BankTrack mentioned
2024-03-06 | Devex
Blog
BankTrack news BankTrack blog Partner news Partner blog

We’re calling on banks to do their part to stop POSCOs coal expansion

Unless POSCO scraps its relining plans, banks should rule out future finance for the Korean steelmaker
2024-02-27 | BankTrack, Solutions for Our Climate
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

2024-02-01 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
2023-12-18 | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Wall Street Makes Zero Progress in Energy Finance Transition

The industry needs to get to a 4-to-1 ratio of clean energy versus fossil-fuel financing. At the end of last year, it was 0.73 to 1—little changed from 2021.
2023-12-14 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s 2023 Progress Update shows some member banks’ targets are not consistent with their commitments

2023-12-13 | Nijmegen | Quentin Aubineau – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major bank and investor policies accelerating forest destruction, biodiversity loss, climate chaos and rights violations

New analysis documents $307 billion flowing from big finance into forest-risk commodities driving massive tropical deforestation
2023-12-04 | BankTrack, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector
2023-11-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have no planned exit from coal for steelmaking

A new briefing from BankTrack calls on banks to urgently restrict finance for metallurgical coal
2023-10-10 | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Pemex explota los fósiles con dinero de bancos internacionales

2023-09-22 | IPS
Blog
BankTrack news BankTrack blog Partner news Partner blog

Risks ahead of meatpacker JBS’ NYSE listing: “Wall Street: Steer clear of JBS”

Citigroup, Bank of America, BlackRock, Vanguard and more are enabling JBS’s environmental destruction & human rights abuses
2023-09-22 | New York | Friends of the Earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report and blog: Barclays' bond with Adani

For the sake of the climate, human rights - and for its own good - Barclays should cut ties with Adani after the company's recent scandals
2023-09-18 | BankTrack, The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups slam banks over senior PR hirings to deal with bad climate record

Climate groups have criticised banks for hiring senior staff to deal with their poor image on climate change - instead of actually dealing with climate change.
2023-09-13 | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
BankTrack news BankTrack blog Partner news Partner blog

Citigroup's Russian subsidiary to halt ATMs in Russia by year end

2023-09-04 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Major global banks are financing deadly US coal plants thanks to loopholes in their climate commitments

Banks continue to fund utility parent companies, despite policies to restrict loans to coal plants
2023-09-01 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations

2023-08-26 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
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A year and a half after Russia's invasion of Ukraine, Raiffeisen, UniCredit, and Citi profited the most among foreign banks in Russia

2023-08-07 | B4Ukraine
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Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

Banks back accounting for 33% of capital market-linked emissions. Environmental advocates push for 100% attribution. PCAF board expected to back the 33% weighting, ending delays.
2023-07-31 | Reuters
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New research shows eight major banks responsible for majority of US$ 20 billion in financing for oil and gas companies destroying the Amazon

Banks including JPMorgan Chase, Itaú Unibanco and Banco Santander financed deals directly traced to activities in Peru, Colombia, Brazil and Ecuador
2023-07-25 | Belem, Brazil | Stand.earth
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New report: US banks’ role in capital markets reveals a hidden pipeline for fossil fuel financing

Wall Street banks quietly raise billions for polluting companies through underwriting activities
2023-07-24 | New York | Sierra Club
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The Sustainable Steel Principles: One step forward when leaps are needed

Banks must commit to more on fossil-free steelmaking than just measuring and disclosing financed emissions
2023-07-13 | Nijmegen, The Netherlands | Julia Hovenier – BankTrack
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Investing in Bitcoin’s climate pollution

Greenpeace USA’s groundbreaking report exposes BlackRock, Fidelity, Vanguard, Citigroup, JPMorgan Chase, Goldman Sachs, Visa, Mastercard, and American Express for ignoring the climate catastrophe caused by their Bitcoin investments and products.
2023-07-11 | Greenpeace USA
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Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
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US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
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UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan
BankTrack mentioned
2023-06-07 | The Guardian
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CITI wins prestigious award for greenwashing

Citi has been named the number 1 bank for greenwashing based on its outstanding record for failing to address climate change.
2023-05-18 | Stop the Money Pipeline
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Barclays, Morgan Stanley lead banks nearing CO2 disclosure deal

Banks face new reporting era as capital markets are targeted. NatWest among few banks agreeing to 100% disclosure standard.
2023-05-16 | Bloomberg
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Bank of America, Citigroup, and Wells Fargo shareholders vote on proposals urging progress on climate & Indigenous rights

2023-05-01 | New York | Sierra Club
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Financing mining for transition minerals in South Africa: Are banks doing enough on human rights?

New briefing finds banks linked to companies extracting transition minerals are overlooking serious human rights and environmental concerns
2023-04-26 | Business & Human Rights Resource Centre
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Will Transition Plans Bring Transparency to Net-Zero Goals?

Big banks are finally starting to provide details about how they will achieve their sustainability promises. But the risk of greenwashing remains.
2023-04-26 | Bloomberg
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Wall Street’s biggest banks failing key ESG test in fresh study

JPMorgan, BofA, Citi are listed as falling short in analysis. Study also singles out Goldman, Morgan Stanley and Wells Fargo
2023-04-13 | Bloomberg
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New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
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Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
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Climate resolutions on tap for bank shareholder season

Activist stakeholders are ramping up pressure on big lenders to curb fossil fuel lending.
2023-04-05 | Climate Wire
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Emissions trap: Financial institutions still feeding the gas industry

2023-04-05 | urgewald, Beyond Fossil Fuels, Reclaim Finance, ReCommon
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Australia’s big four banks face human rights complaint over Santos Barossa financing

2023-04-05 | Market Forces
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Inside the fossil fuel stand-off that’s ensnared global banks

Leaked paper sheds light on debate within Net Zero Banking Alliance
2023-04-05 | Financial Times
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Exclusive: Split delays carbon accounting plan on banks' capital market deals -sources

Deal on capital markets emissions accounting delayed, some reluctant to book 100% emissions linked to deals.
2023-03-24 | Reuters
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Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
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Citi report reveals marginal progress on emissions targets, disclosures

Bank takes modest steps on emissions targets, but fails to establish clear accountability measures
2023-03-02 | Sierra Club
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These ‘Net-Zero’ Banks Are Still Pretty Big on Big Oil

A BloombergNEF study reveals how energy financiers that pledged to move away from fossil fuels are way behind.
2023-03-01 | Bloomberg
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Just 7% of global banks' energy financing goes to renewables, new data shows

Major global banks are standing in the way of climate targets with new data showing just 7% of their financing for energy companies went to renewables between 2016 and 2022
2023-01-24 | BankTrack, Fair Finance International, Rainforest Action Network, Sierra Club, The Sunrise Project
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New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
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Citi, BofA lead Wall Street banks funding fossil-fuel expansion

2023-01-17 | Bloomberg
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Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
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The number of major banks refusing to support EACOP reaches 24

2022-12-31 | BankTrack
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Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world
BankTrack mentioned
2022-12-08 | The Guardian
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Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
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Right-wing attack on sustainable finance is the latest form of climate denial

Don’t believe the hype about “woke capitalism”
2022-12-08 | Washington, DC | Ben Cushing, Sierra Club
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New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
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NGOs reveal the companies and financiers behind fossil fuel expansion in Africa

2022-11-15 | Berlin / Sharm El-Sheikh | BankTrack, urgewald, 350.org Africa, Africa Coal Network, Oilwatch Africa
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These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
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JPMorgan Chase and 5 other U.S. megabanks behind one-third of global funding to expand coal, oil and gas

Potential emissions from already developed fields take the world well past 1.5°C of warming, Rainforest Action Network says
2022-11-09 | MarketWatch
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Major banks support rainforest oil project despite problems

BankTrack mentioned
2022-11-04 | London | AP
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Major banks support rainforest oil project despite problems

2022-11-04 | London | Washington Post/ Associated Press
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Leaders or laggards? Report analyzes net-zero pledges of US banks

Commitments, actions from 6 biggest banks fall far short of what’s needed for global climate goals
2022-11-02 | New York | Sierra Club
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Bank financiers of harmful wood biomass have no policies addressing impacts, shows new study

A briefing from BankTrack details impacts of the wood biomass industry and calls on banks to exclude sector from finance
2022-10-21 | BankTrack
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Citigroup accelerates exit from Russian operations

2022-10-14 | Financial Times
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Opacity and accountability: the hidden financial pipelines supporting new coal

2022-10-13 | San Francisco, CA | Global Energy Monitor
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Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
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US banks under scrutiny in Congress over continued business with Russian oil and gas

2022-09-22 | Razom We Stand
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US banks: Financing coal expension, ignoring climate emergency

2022-09-19 | Reclaim Finance
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Banks have Ukrainian blood on their hands

Citi is not alone. Together with JPMorgan Chase, HSBC, and Crédit Agricole, it collectively provided more than 12 billion dollars of loans for Russian oil and gas companies in the run up to Russia's full scale military invasion.
2022-09-07 | Svitlana Romanko, Razom We Stand
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Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
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Finance groups risk being kicked out of Mark Carney-led climate coalition

2022-08-22 | London, UK; and Boston, USA | Financial Times
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Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
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Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
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As peak hurricane season looms, banks bolster cozy relationship with fossil fuel industry

2022-07-12 | Louisiana, USA | Louisiana Illuminator
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Global banks ignore Amazon's indigenous voices at their peril

2022-06-23 | Reuters
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What’s next in the growing movement to push banks on climate action?

Surveying the financial landscape as AGM season winds down in the US
2022-06-06 | Sierra Club
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New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects
2022-06-03 | Center for Energy, Ecology, and Development (CEED)
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Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
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Seven financiers abandon TotalEnergies' EACOP pipeline in a week

Marsh McLennan revealed as insurance arranger as total number of banks steering clear grows to 20
2022-05-20 | Africa | BankTrack, #StopEACOP
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Marsh revealed in oil pipeline project shunned by leading banks and insurers

World’s largest broker takes on role of finding insurance despite protest from staff
2022-05-19 | FT
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Aandeelhoudersactivisme gaat niet snel genoeg

BankTrack mentioned
2022-05-02 | Het Financieele Dagblad (FD)
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Citi: Still financing Indigenous rights violations & biodiversity loss in the Amazon

A Banking on Climate Chaos 2022 case study
2022-04-26 | Amazon Watch, Rainforest Action Network, Stand.earth
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This shareholder season, big banks are feeling the heat on climate

2022-04-19 | Sierra Club
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Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
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Gulf Coast communities fighting the massive buildout of fracked gas exports

A Banking on Climate Chaos 2022 case study
2022-04-05 | BankTrack, Rainforest Action Network, Sierra Club
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NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
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Investors ask banks to rethink funding fossil fuel projects, including Line 3

Banks are under pressure from investors to match corporate practices with their environment and social statements * Updated
2022-03-31 | IndianCountryToday
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New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
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Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
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Climate Groups Press Banks, Asset Managers to Sever Russian Ties

The activists are referring to the financiers as the “Putin 100.”
2022-03-04 | Bloomberg Green
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Finance sector has moral imperative to exclude Russian fossil fuel firms

Financial institutions most exposed to Russian oil, gas and coal should stop propping up Putin’s illegal war on Ukraine
2022-03-03 | Paris | Reclaim Finance
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At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
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Russia has become an overnight pariah. Banks should take rapid action to divest.

European and US banks like JPMorgan, Citi, UniCredit and Deutsche Bank have been recent supporters of Russian oil, gas and coal
2022-03-02 | Ryan Brightwell – BankTrack
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Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
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Who is still financing the global coal industry?

New research reveals banks and investors behind the world’s worst climate offenders
2022-02-15 | Berlin | Urgewald
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Citigroup surpasses peers with absolute emissions reduction target for energy finance, still fails to rule out support for fossil fuel expansion

The plan includes a commitment to reduce absolute financed emissions from the energy sector by 29% and financed emissions intensity from the power sector by 63%.
2022-01-19 | New York | Rainforest Action Network, Sierra Club
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Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
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New Report: US banks and investors responsible for roughly the emissions of Russia

CAP and Sierra Club look at “financed emissions” to offer novel view of Wall Street's carbon footprint
2021-12-14 | Washington | Sierra Club
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Climate groups call out banks lobbying for watered down Net Zero Commitments

Stop the Money Pipeline organizations respond to news that on behalf of a group of 12 banks, HSBC lobbied Mark Carney’s GFANZ to scrap mandatory science-based targets and delay a deadline.
2021-11-09 | New York | BankTrack, Stop the Money Pipeline
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Banks are still financing fossil fuels – while signing up to net zero pledges

2021-11-04 | The Guardian
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Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
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Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
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Banks due at UK’s ‘Green’ Investment Summit ‘financed £700 billion in fossil fuels since Paris Agreement’

Citi, JPMorgan and Barclays among “world’s biggest financiers” of oil, gas and coal at government summit on green future.
2021-10-18 | DeSmog
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‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
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Stop the Money Pipeline launches Customers for Climate Justice

A new program by Stop the Money Pipeline
2021-09-30 | Stop the Money Pipeline
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For the sake of cheap soya: railway and waterway threaten the Amazon

2021-09-29 | Society for Threatened Peoples
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Banks and investors pouring billions into Arctic oil & gas bonanza despite climate pledges – report

How banks, investors and insurers are driving oil and gas expansion in the Arctic
2021-09-23 | Paris | Reclaim Finance
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Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
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Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
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North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
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Commerzbank, Citi and Bank of America among banks issuing new deal for Russian coal giant SUEK just two months before COP26

Russia's largest coal producer SUEK plans to expand its coal mining and has mandated nine banks for a bond issuance
2021-09-09 | BankTrack, urgewald
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‘Net-Zero-by-2050’ banks line up debut USD bond for Russia’s largest coal company

2021-09-08 | Responsible Investor
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Climate change could cause the next great recession, the Biden administration can prevent it

2021-08-25 | Ben Cushing, Sierra Club
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Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
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Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
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Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
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Banks in spotlight over Belarus regime finance in London

Did international banks break their own ethics policies by helping Belarus's repressive regime issue $1.25bn of state bonds?
2021-06-10 | Open Democracy
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World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
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Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
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Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
Blog
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New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
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Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
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More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
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Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report

BankTrack mentioned
2021-03-24 | The Guardian
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Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels

BankTrack mentioned
2021-03-24 | Forbes
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60 largest banks in the world have invested $3.8 trillion in fossil fuels since the Paris Agreement

2021-03-24 | CNBC
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Big Banks Are ‘Fueling Climate Chaos’ By Pouring Trillions Into Oil, Gas And Coal

2021-03-24 | HuffPost
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Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
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Citigroup first US bank to exclude companies expanding coal power

Citigroup issued an updated environmental policy that makes it the first major US bank with a plan to restrict financing for companies expanding coal power and to phase-out financing for nearly all coal power companies over the next two decades.
2021-03-15 | BankTrack, Rainforest Action Network, Sierra Club
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Kerry to Wall Street: Put your money behind your climate PR

2021-03-12 | Politico
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Big banks make a dangerous bet on the world’s growing demand for food

While banks and asset managers are promising to divest from fossil fuels, they are expanding investments in high-carbon foods and commodities tied to deforestation.
2021-03-07 | Inside Climate News
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Citi Makes Net Zero Commitment Without Key Details

2021-03-01 | Sierra Club
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Citi Latest Bank to Issue 2050 “Net Zero” Climate Commitment; Climate Advocates Call for Immediate Action to Match Long-term Pledge

2021-03-01 | Rainforest Action Network
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Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
Blog
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US bank Citi’s new CEO makes net-zero commitment with net-zero details

Citi has been the world’s third largest banker of fossil fuels in recent years, pouring US$ 188 billion into the sector from 2016-2019
2021-03-01 | BankTrack, Rainforest Action Network, Sierra Club
Blog
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Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
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Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
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Big banks lead SBI bond despite Adani controversy

2021-01-06 | Global Capital
Blog
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Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
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Citi, Deutsche Bank, ANZ committed for trial in Australian criminal cartel case

2020-12-08 | Reuters
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Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
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Brazilian and international banks financing global deforestation: Reports

2020-11-09 | Mongabay
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Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

Banks lent $2.6tn linked to ecosystem and wildlife destruction in 2019 – report

Lack of policies regulating impact on natural world means finance industry effectively bankrolling biodiversity loss, analysis finds
2020-10-28 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Extinction: The top 10 banks financing biodiversity loss

Report names HSBC, Bank of America, Mitsubishi Financial & others
2020-10-28 | portfolio.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
BankTrack news BankTrack blog Partner news Partner blog

Oil scions rally wealthy peers to press banks on climate

2020-10-02 | Politico.com
BankTrack news BankTrack blog Partner news Partner blog

Western banks provide billions in backing for firms driving tuna species to collapse

2020-09-28 | Unearthed
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fracking Fiasco: The banks that fueled the U.S. shale bust

New report names Wells Fargo and JPMorgan Chase as main players pouring big money into troubled industry
2020-09-24 | Oil Change International, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

What have the UN’s Principles for Responsible Banking accomplished in their first year?

BankTrack mentioned
2020-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
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US banks are getting the message: Arctic drilling is bad business

2020-08-20 | Ben Cushing, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Where Banks Don’t Lend

In Chicago, lenders have invested more in a single white neighborhood than all the black neighborhoods combined. Call it modern-day redlining.
2020-06-03 | Chicago | WBEZ
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citigroup announces new coal and Arctic drilling policy; Climate advocates respond

2020-04-21 | San Francisco | BankTrack, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Citigroup is latest major US bank to rule out funding for Arctic Refuge drilling

2020-04-20 | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Stop the Money Pipeline: Private banks owning oil companies is a recipe for disaster

2020-04-10 | New York | Stop the Money Pipeline
Blog
BankTrack news BankTrack blog Partner news Partner blog

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

Four US banks are the world's largest fossil fuel financers: analysis

BankTrack mentioned
2020-03-18 | The Hill
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: The five biggest financiers of new Amazon oil boom

BlackRock, Goldman Sachs, Citigroup, HSBC, and JP Morgan Chase defy their own commitments by backing dangerous oil and gas extraction in the western Amazon
2020-03-12 | Oakland, California | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Climate groups turn up the heat on big banks, insurers

BankTrack mentioned
2020-01-13 | Politico
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

BankTrack mentioned
2019-11-21 | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Failure of Aramco IPO gives a black eye to bank CEOs and a warning to investors

2019-11-20 | London, UK | BankTrack, 350.org, Earthworks, Friends of the Earth US, Global Witness, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Banks set to cash in on the Saudi Aramco IPO want you to know they’re still serious about climate change

BankTrack mentioned
2019-11-14 | Fortune
BankTrack news BankTrack blog Partner news Partner blog

Western banks funding Saudi Aramco IPO betraying climate change promises

2019-11-05 | Newsweek
BankTrack news BankTrack blog Partner news Partner blog

Aramco IPO: These are the banks and advisers on world's biggest sale

2019-11-03 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Banks warned over Saudi Aramco by environmental groups

2019-10-17 | The Guardian
Blog
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Environmental groups warn banks against climate and human rights implications of underwriting Saudi Aramco offering

2019-10-17 | Nijmegen, the Netherlands
BankTrack news BankTrack blog Partner news Partner blog

Top investment banks provide billions to expand fossil fuel industry

2019-10-13 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Money is the oxygen on which the fire of global warming burns

BankTrack mentioned
2019-09-17 | The New Yorker
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2019-08-14 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2019-06-18 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2019-03-28 | Mother Jones
BankTrack news BankTrack blog Partner news Partner blog

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

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
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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
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2018-10-29 | Bernadette Demientieff
BankTrack news BankTrack blog Partner news Partner blog

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

2018-10-26 | Earther
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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 | Ryan Brightwell – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2018-06-25 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2018-06-14 | Elena Gerebizza - Re:Common
BankTrack news BankTrack blog Partner news Partner blog

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

2018-05-31 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2018-04-05 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2018-02-23 | Counter Balance
BankTrack news BankTrack blog Partner news Partner blog

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

2018-02-21 | The Intercept
BankTrack news BankTrack blog Partner news Partner blog

EIB approves 1.5 billion Euro loan for TAP gas pipeline

2018-02-06 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Southern Gas Corridor: Dirty as coal

2018-01-30 | 350.org
BankTrack news BankTrack blog Partner news Partner blog

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

2017-12-22 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Banks criticised for funding coal deals despite Paris agreement

BankTrack mentioned
2017-12-11 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

EU commission urged bank to support Azerbaijan gas pipeline

2017-11-27 | ClimateHome
BankTrack news BankTrack blog Partner news Partner blog

European banks are financing monuments to a bygone fossil fuel era

2017-11-15 | Huffington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-11-02 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Germany tightens the screws on international funds to Turkey

2017-10-25 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

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

2017-10-18 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-09-26 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

CitiBank's reckless investment in the past

2017-05-24 | Lena Moffitt - Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-05-09 | Turtle Island | Mazaska Talks
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-12-08 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Citi's Statement on the Dakota Access Pipeline Project

2016-11-08 | Citigroup
BankTrack news BankTrack blog Partner news Partner blog

Pipeline protest comes south

2016-10-21 | The Rapid City Journal
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Citi, Deutsche and JPMorgan censured for backing fossil fuel

BankTrack mentioned
2016-06-14 | The Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-05-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-02-16 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Citi tightens its policy on coal sector lending

2015-10-06 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Citi promises to cut lending to coal miners

2015-10-05 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Citigroup, Citing Climate Change, Will Reduce Coal Financing

2015-10-05 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citigroup takes a step away from banking coal

2015-10-05 | San Francisco | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Citigroup Takes a Step Away From Banking Coal

2015-10-05 | RAN blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fair Finance Guide launches in Indonesia

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

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
BankTrack news BankTrack blog Partner news Partner blog

Climate breakthrough as string of banks dump coal financing

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2014-10-29 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2014-07-09
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Green Bond” issue risks raising finance for destructive dams

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

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2013-12-12 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Banks Move to Measure Their True Climate Impacts

2013-10-29 | RAN
BankTrack news BankTrack blog Partner news Partner blog

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

2013-10-14 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Divestors Take Their Fight to Big Banks

2013-10-10 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
BankTrack news BankTrack blog Partner news Partner blog

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

2013-04-10 | RAN
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

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

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Texan Takes Fight Against Tar Sands Pipeline to Citigroup

2011-04-21 | RAN blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Bankruptcy threatens banks operating in Belgium

Netwerk Vlaanderen calls to halt investments in coal plants
2010-06-02 | Brussels/ Ghent | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

BankTrack members unveil bank secrets

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

Leading banks facilitating corruption, fuelling poverty

Global Witness to testify at Financial Services Committee Congressional Hearing  
2009-05-19 | Washington DC | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2009-03-30 | Bonn, Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Campaigners confront Citi over coal financing at annual shareholder meeting

2008-04-22 | New York | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

“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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to Citigroup on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2025-03-19 00:00:00

Letter from BankTrack to Citi on Finance to PLN

Correspondence
2025-03-19 00:00:00 | BankTrack
2025-03-13 00:00:00

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack
2025-02-20 00:00:00

Letter from BankTrack to Citi on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack
2025-01-15 00:00:00

Statement on Human Rights

Bank policy
2025-01-15 00:00:00 | Citi
2024-12-11 00:00:00

Citi 2023 ESG Report

Other bank document
2024-12-11 00:00:00 | Citi
2024-10-16 00:00:00

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition
2024-10-10 00:00:00

Banking on a climate shipwreck

Exposing the role of global banks in the expansion of maritime fossil gas
NGO document
2024-10-10 00:00:00 | Stand.earth
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-07-17 00:00:00

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack
2024-06-28 00:00:00

Environmental and Social Policy Framework

July 2024
Bank policy
2024-06-28 00:00:00 | Citi
2024-06-19 00:00:00

His Profits, Our Loss

How Daniel Křetínský’s EPH Keeps Profiting from Poverty and Climate Collapse
NGO document
2024-06-19 00:00:00 | Platforma Re-Set
2024-06-10 00:00:00

Letter from BankTrack to Citi Group on Risks of Citi Group's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack
2024-05-21 00:00:00

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-05-02 00:00:00

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald
2024-05-02 00:00:00

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald
2024-04-30 00:00:00

ASSESSING PETROPERÚ’S FINANCIAL, LEGAL, ENVIRONMENTAL, AND SOCIAL RISKS

Risk Alert
Partner publication
2024-04-30 00:00:00 | Amazon Watch
2024-04-09 00:00:00

2023 Citi Climate Report

Other bank document
2024-04-09 00:00:00 | Citi
2024-04-05 00:00:00

Citi: Respecting the Rights of Indigenous Peoples

Bank policy
2024-04-05 00:00:00 | Citi
2024-03-18 00:00:00

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback
2024-03-14 00:00:00

2023 Annual Report

Annual report
2024-03-14 00:00:00 | Citi
2024-02-28 00:00:00

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)
2024-02-01 00:00:00

Sustainable Steel Principles 2023 Annual Report

Other document
2024-02-01 00:00:00 | Sustainable Steel Principles
2024-01-23 00:00:00

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack
2024-01-22 00:00:00

Letter from BankTrack, Both ENDS and 12 other CSOs to Vale's investors on Brumadinho disaster 5th anniversary

Correspondence
2024-01-22 00:00:00 | BankTrack, Both ENDS and 12 other CSOs
2023-11-29 00:00:00

Letter from BankTrack to Citi Group on posco relining plans

Correspondence
2023-11-29 00:00:00 | BankTrack
2023-11-20 00:00:00

Letter from BankTrack, ACA, CTEA to Citi on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-20 00:00:00 | BankTrack, ACA, CTEA
2023-10-10 00:00:00

Still bankrolling coal (for steel)

Why banks must quit metallurgical coal
BankTrack publication
2023-10-10 00:00:00 | Julia Hovenier, BankTrack
2023-07-04 00:00:00

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups
2023-05-23 00:00:00

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-04-06 00:00:00

Boom and Bust Coal 2023

Tracking the Global Coal Plant Pipeline
Partner publication
2023-04-06 00:00:00 | Global Energy Monitor
2023-04-03 00:00:00

Annual report 2022

Annual report
2023-04-03 00:00:00 | Citi
2023-03-02 00:00:00

Taskforce on Climate-Related Financial Disclosures Report 2022

Bank policy
2023-03-02 00:00:00 | Citi
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2023-01-01 00:00:00

Modern Slavery Act Statement

Bank policy
2023-01-01 00:00:00 | Citi
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-11-15 00:00:00

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.
2022-11-09 00:00:00

Wall Street's Dirtiest Secret

How fossil fuel expansion depends on big bank finance
NGO document
2022-11-09 00:00:00
2022-10-21 00:00:00

Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

BankTrack publication
2022-10-21 00:00:00 | BankTrack
2022-10-17 00:00:00

Responses received to letters sent to signatories of the Glasgow Financial Alliance for Net Zero

Other document
2022-10-17 00:00:00 | London Stock Exchange
2022-10-01 00:00:00

Rio Grande Valley: At Risk From Fracked-Gas Exports 2022 Update

NGO document
2022-10-01 00:00:00 | Rainforest Action Network, Les Amis de la Terre, Save RGV, Carrizo Comecrudo Tribe of Texas
2022-07-29 00:00:00

Vaca Muerta Basin: An Oil & Gas Trap

IMF and global capital markets neglect the risk of ballooning Argentina’s debt and liability problem
NGO document
2022-07-29 00:00:00 | Profundo, 350.org Argentina
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to CITI on Rio Tinto Jadar Lithium mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-05 00:00:00

CSR report 2021

Annual report
2022-07-05 00:00:00 | Citi
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-29 00:00:00

Annual report 2021

Annual report
2022-03-29 00:00:00 | Citi
2022-01-19 00:00:00

Our Approach to Net Zero by 2050

Other bank document
2022-01-19 00:00:00 | Citi
2022-01-19 00:00:00

Taskforce on Climate-Related Financial Disclosures Report 2021

Citi’s Approach to Climate Change and Net Zero
Other bank document
2022-01-19 00:00:00 | Citi
2021-12-14 00:00:00

Wall Street's carbon bubble: the global emissions of the US financial sector

NGO document
2021-12-14 00:00:00 | Sierra Club, Center for American Progress
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack
2021-12-12 00:00:00

Letter from BankTrack to Citi Group on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-10-04 00:00:00

A practitioner's guide for banks

Considerations for banks in setting a net zero strategy
Other bank document
2021-10-04 00:00:00 | Sustainable Markets Initiative - Financial Services Taskforce
2021-09-23 00:00:00

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack
2021-07-08 00:00:00

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth
2021-07-06 00:00:00

CSR Report 2020

Annual report
2021-07-06 00:00:00 | Citi
2021-06-28 00:00:00

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

NGO document
2021-06-28 00:00:00 | Chain Reaction Research
2021-06-23 00:00:00

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance
2021-05-25 00:00:00

The Big Smoke

The global emissions of the UK financial sector
NGO document
2021-05-25 00:00:00 | Greenpeace and WWF
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

Other document
2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
2021-03-15 00:00:00

Annual report 2020

Annual report
2021-03-15 00:00:00 | Citi
2021-03-01 00:00:00

Citi's Commitment to Net Zero by 2050

Other bank document
2021-03-01 00:00:00 | Citi
2021-02-25 00:00:00

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs
2020-12-18 00:00:00

Finance for a Climate-Resilient Future II

Citi’s 2020 TCFD Report
Other bank document
2020-12-18 00:00:00 | Citi
2020-11-27 00:00:00

Complicity in Destruction III

NGO document
2020-11-27 00:00:00 | Amazon Watch
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack
2020-10-28 00:00:00

Complicity in Destruction III

How global corporations enable the violation of indigenous peoples' rights in the Brazilian Amazon
NGO document
2020-10-28 00:00:00 | Amazon Watch
2020-10-28 00:00:00

Bankrolling Extinction: The top 10 banks financing biodiversity loss

NGO document
2020-10-28 00:00:00 | porfolio.earth
2020-10-27 00:00:00

Complicity in Destruction III

NGO document
2020-10-27 00:00:00 | APIB and Amazon Watch
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-09-24 00:00:00

Fracking Fiasco: The banks that fueled the U.S. shale bust

NGO document
2020-09-24 00:00:00 | Rainforest Action Network
2020-09-01 00:00:00

Sustainable Tipping Points: The ‘Net Zero’ Club

The ‘Net Zero’ Club – When Sustainability Meets Margins & Supply Chains
Other bank document
2020-09-01 00:00:00 | Citi
2020-07-14 00:00:00

Banking industry: the journey so far

A review of the Nigerian Sustainable Banking Principles
Other bank document
2020-07-14 00:00:00 | Bankers Committee, Central Bank of Nigeria
2020-05-19 00:00:00

Annual report 2019

Annual report
2020-05-19 00:00:00 | Citi
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2019-12-10 00:00:00

Letter from BankTrack to Citi on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-09-22 00:00:00

Civil Society Statement on the new Principles for Responsible Banking

BankTrack publication
2019-09-22 00:00:00 | BankTrack and others
2019-09-11 00:00:00

Letter from Citi to BankTrack on PRB implementation

Correspondence
2019-09-11 00:00:00 | Citi
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-04-29 00:00:00

CSR report 2018

Annual report
2019-04-29 00:00:00 | Citi
2019-04-10 00:00:00

Annual General Meeting Shareholder Briefing Citi

BankTrack publication
2019-04-10 00:00:00 | BankTrack
2019-03-22 00:00:00

Modern Slavery Statement

Bank policy
2019-03-22 00:00:00 | Citi
2019-03-11 00:00:00

Annual report 2018

Annual report
2019-03-11 00:00:00 | Citi
2018-12-10 00:00:00

Bank Policy Matrix

NGO document
2018-12-10 00:00:00 | Forests & Finance Coalition
2018-11-13 00:00:00

Finance for a climate-resilient future

Citi's TCFD Report
Other bank document
2018-11-13 00:00:00 | Citi
2018-10-16 00:00:00

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

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2018-10-02 00:00:00

Code of ethics for financial professionals

Bank policy
2018-10-02 00:00:00 | Citi
2018-08-31 00:00:00

Banking on coal mining

U.S. banks’ performance against their policies since 2015
NGO document
2018-08-31 00:00:00 | Rainforest Action Network
2018-03-31 00:00:00

Annual Report 2017

Annual report
2018-03-31 00:00:00 | Citi
2018-03-31 00:00:00

Annual Global Citizen Report 2017

Annual report
2018-03-31 00:00:00 | Citi
2018-02-28 00:00:00

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

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre
2018-01-17 00:00:00

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

Correspondence
2018-01-17 00:00:00 | Citi
2017-12-31 00:00:00

Sustainable Growth at Citi - 100 Billion Environmental Finance Goal

Other bank document
2017-12-31 00:00:00 | Citi
2017-11-30 00:00:00

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

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

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
NGO document
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
2017-09-25 00:00:00

Banks: High Carbon, Hidden Risks

NGO document
2017-09-25 00:00:00 | Rainforest Action Network
2017-09-19 00:00:00

Citi to be 100 Percent Powered by Renewable Energy by 2020

Other bank document
2017-09-19 00:00:00 | Citi
2017-09-19 00:00:00

Banking on 2030: Citi & the Sustainable Development Goals

Other bank document
2017-09-19 00:00:00 | Citi
2017-08-31 00:00:00

Anti-bribery program

Bank policy
2017-08-31 00:00:00 | Citi
2017-06-23 00:00:00

UK Modern slavery act statement

Bank policy
2017-06-23 00:00:00 | Citi
2017-06-13 00:00:00

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

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

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

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al
2017-05-17 00:00:00

Annual Report 2016

Annual report
2017-05-17 00:00:00 | Citi
2017-05-17 00:00:00

Global Citizenship Report 2016

Annual report
2017-05-17 00:00:00 | Citi
2017-03-31 00:00:00

Code of conduct

Bank policy
2017-03-31 00:00:00 | Citi
2017-01-31 00:00:00

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

NGO document
2017-01-31 00:00:00 | RAN, TuK & Profundo
2017-01-17 00:00:00

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace
2016-12-09 00:00:00

Letter from Citi to BankTrack on Dakota Access Pipeline

Correspondence
2016-12-09 00:00:00 | Citi
2016-12-08 00:00:00

Letter from 53 organisations to 5 banks on Exim India bonds

Correspondence
2016-12-08 00:00:00 | 53 organisations
2016-11-30 00:00:00

Letter from 500 organisations to Citi on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
NGO document
2016-11-07 00:00:00 | Rainforest Action Network
2016-07-05 00:00:00

Letter from BankTrack et al. to Citi on EPH financing

Correspondence
2016-07-05 00:00:00 | BankTrack et al.
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
2016-06-13 00:00:00

Poland – Banks funding the dirtiest form of coal

BankTrack publication
2016-06-13 00:00:00 | BankTrack
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
2016-05-25 00:00:00

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

BankTrack publication
2016-05-25 00:00:00 | BankTrack
2016-05-19 00:00:00

Annual Report 2015

Annual report
2016-05-19 00:00:00 | Citi
2016-05-19 00:00:00

2015 Citi Global Citizenship Report

Annual report
2016-05-19 00:00:00 | Citi
2016-04-15 00:00:00

Letter from Citigroup to BankTrack on Drummond Human Rights Impact Briefing

Correspondence
2016-04-15 00:00:00 | Citigroup
2016-02-16 00:00:00

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

BankTrack publication
2016-02-16 00:00:00 | BankTrack
2016-01-15 00:00:00

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

Correspondence
2016-01-15 00:00:00 | Citi
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2015-03-23 00:00:00

Annual Report 2014

Annual report
2015-03-23 00:00:00 | Citi Bank
2015-02-25 00:00:00

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

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

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

Correspondence
2015-02-25 00:00:00 | FoE US
2015-02-18 00:00:00

Sustainable Progress

Citi’s Five-Year Sustainability Strategy
Bank policy
2015-02-18 00:00:00 | Citi Group
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo
2014-12-31 00:00:00

2014 Citi Global Citizenship Report

Annual report
2014-12-31 00:00:00 | Citi
2014-12-10 00:00:00

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN
2014-10-29 00:00:00

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack
2014-09-10 00:00:00

Dominion Midstream Partners - Profundo Risk Report

Liquefied natural gas holding company - Avoid
NGO document
2014-09-10 00:00:00 | Profundo
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2014-04-09 00:00:00

Letter from BankTrack to signatory banks on Green Bond Principles

Correspondence
2014-04-09 00:00:00 | BankTrack
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

Global Citizenship Report 2013

Annual report
2014-01-01 00:00:00
2013-12-31 00:00:00

Sustainable Forestry Standard

Bank policy
2013-12-31 00:00:00 | Citi
2013-09-04 00:00:00

The Unimaginable : Peak Coal in China

Other bank document
2013-09-04 00:00:00 | Citi Group
2013-06-05 00:00:00

2012 Global citizenship report

Annual report
2013-06-05 00:00:00 | Citi
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
BankTrack publication
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2013-03-14 00:00:00

2012 Annual Report

Annual report
2013-03-14 00:00:00 | Citi
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
BankTrack publication
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin
2012-06-10 00:00:00

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
NGO document
2012-06-10 00:00:00 | FairFin and IKV Pax Christi
2012-05-01 00:00:00

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at theBottom of the Class
BankTrack publication
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2011-05-25 00:00:00

Citi Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
BankTrack publication
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2011-01-21 00:00:00

The Principle Matter - Banks, Climate and the Carbon Principles

NGO document
2011-01-21 00:00:00 | Rainforest Action Network
2010-12-18 00:00:00

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

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-06-02 00:00:00

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
NGO document
2010-06-02 00:00:00 | Netwerk Vlaanderen
2010-05-13 00:00:00

Policy and Practice: report card on banks and mountaintop removal

BankTrack publication
2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack
2010-04-14 00:00:00

Letter from RAN, Sierra Club, BankTrack to Citigroup on Mountaintop Removal

Correspondence
2010-04-14 00:00:00 | RAN, Sierra Club, BankTrack
2010-04-01 00:00:00

Citigroup cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
2009-10-01 00:00:00

Citigroup cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
2009-03-01 00:00:00

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
BankTrack publication
2009-03-01 00:00:00 | BankTrack
2008-11-05 00:00:00

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

NGO document
2008-11-05 00:00:00 | Milieudefensie
2008-01-11 00:00:00

Profiles of U.S. Banks

NGO document
2008-01-11 00:00:00 | Ceres
2007-11-11 00:00:00

Banks, Climate Change and the New Coal Rush

NGO document
2007-11-11 00:00:00 | RAN
2007-10-24 00:00:00

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

NGO document
2007-10-24 00:00:00 | Rainforest Action Network (RAN)
2003-10-31 00:00:00

Statement of Understanding between The Rainforest Action Network and Citigroup

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

Citi's corporate social responsibility webpage

EPN assessment of policies against 14 minimum criteria - Citigroup

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

Open letter to financiers - Call to commit not to support the Papua LNG project

Accountability
Grievances
Response tracking

Citi operates an Ethics Hotline which, according to the bank, can be used by any individual to report complaints or potential violations involving ethical concerns or misconduct. However, it is unclear whether the hotline also covers human rights issues. Complaints can be filed here. 

In addition, Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO), which operates a grievance mechanism to address violations of its standards, including concerns about human rights abuses in the palm oil industry. Affected individuals and communities can access this mechanism here. 

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

 

This page evaluates Citi's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks assisting with war mobilisation in Russia (October 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Business & Human Rights Resource Centre, October 2022
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded confirming its link to the company and commenting on the issues raised. The bank referenced a "number of public statements" made by the company in response to the issues raised in the report on Vitol and Trafigura.
Action
0.5
Out of 1
Rationale for score
The bank confirmed that it has engaged with its client on the issues raised, however it did not outline any specific actions it sought from the company. The bank also did not detail any appropriate action taken by the bank itself.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Belarus: links to the state and state-owned companies (May 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score

The bank did not respond.

Following the bank's response: The bank publicly responded citing client confidentiality. It did not acknowledge its link to the company and, although the bank provided ""general context on how we approach our relationships with different sovereigns around the world"", it did not comment on or respond to the specific issues raised. Therefore the score remains unchanged.

Action
0
Out of 1
Rationale for score
The bank provided no information on whether it engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on there the bank monitored the impacts or the actions of its clients
More info
Business and Human Rights Resource Centre, 2021
Deforestation in the Amazon (July 2019)
0.5
0
0.5
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded providing details of its policies related to the sector, but it did not acknowledge its link to the impact or comment on or respond to the substance of the issues raised.
Action
0.5
Out of 1
Rationale for score
The bank engaged with its clients, stating that in early 2019 it initiated a reivew into "clients in the soy and beef sectors to evaluate their efforts at monitoring deforestation in their operations and supply chain". The bank did not detail whether it required the company to take specific actions or outlined any appropriate action taken by the bank itself.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Business and Human Rights Resource Centre, 2019
Drummond and paramilitary violence in Colombia (May 2016)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded acknowledging its link to the company and commenting on the specific issues raised. The bank stated that prior to providing finance to the company, it conducted due diligence "specifically on the issues related to the civil suit against Drummond".
Action
0.5
Out of 1
Rationale for score
The bank outlined details of its engagement with the company on human rights issues, stating that the company is "adequately managing human rights issues". However, the bank has not indicated that it required the company to take specific actions or outlined whether the bank itself took appropriate action, i.e. by ensuring or encouraging remedy for the victims of human rights violations.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2016
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score

The bank publicly responded citing client confidentiality. It did not acknowledge its link to the company nor comment on or respond to the specific issues raised.

Following media reporting: In May 2022, the Financial Times reported that the bank has ruled out financing for the project; however, the bank did not put out a public statement on the matter, so it does not receive a score.

Action
0
Out of 1
Rationale for score

The bank did not provide information on whether it engaged with its client or took appropriate action.

Following media reporting: No change in score.

Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
IOI Corporation labour standards violations (February 2016)
1
0.5
0.5
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank publicly responded outlining details of its policy and due diligence process, and confirmed that "IOI Corporation is a client of Citi". The bank did not comment on or respond to the substance of the issues raised.
Action
0.5
Out of 1
Rationale for score
The bank stated that it had shared BankTrack's letter with the company as part of its engagement with the company. The bank did not outline any specific actions it sought from the company or detail appropriate action taken by the bank itself.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Santos' Barossa gas project, Australia (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not acknowledge a link to the company or the adverse human rights impacts raised.
Action
0
Out of 1
Rationale for score
The bank did not state that it has engaged its client on the issues raised.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
Equity Generation Lawyers, Bank Responses to Human Rights Grievances report, July 2023
Complicity in Destruction IV: Mining and Indigenous Rights in the Amazon (March 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
"Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon", February 2022
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
UN human rights complaint regarding Saudi Aramco and its financiers (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
, ClientEarth, UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations, June 2023
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here.
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Impacts of Indonesia’s state electricity company PLN (March 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "Citi maintains a general practice of not commenting on specific companies, projects, or transactions out of respect for confidentiality."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the letter BankTrack sent the bank here.

Average
57%
0.32
0.18
0.14
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Citi provided US$ 396.331 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Citi provided US$ 14.614 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Citi fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Citi

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assesments. Find further details on their assessment of Citi’s fossil fuel policy below.

Assessment of Citi coal policy in the Coal Policy Tool

Assessment of Citi oil and gas policy in the Oil and Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed Citi in its 2024 Global Human Rights Benchmark, where it achieved 9 points out of 15 and was ranked as a “moderate achiever”.

The bank scored 1 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Citi scored 0.38 out of 3 on how it responds to alleged human rights violations linked to its finance which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Citi has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Citi
USA
9
Front runner 9
0
United States
Score
Front runner
9
Explanation

Citi's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Front runner, with a total score of 9 out of 14.

Policy: 2.5/3
Due dilligence: 3.5/5
Reporting: 2/3
Remedy: 1/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0.6/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Citi
USA
9
Moderate achiever 9
0
United States
Score
Moderate achiever
9
Explanation

Citi's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 9 out of 15.

Policy: 2.5/3
Due dilligence: 3.5/5
Reporting: 2/4
Remedy: 1/3

Specific rights: 1/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0.38/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Citi’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 6.1 out of 10 and ranking it as a front runner. Citi achieved a score of 4.5 out of 10 specifically for its policies related to the beef sector and 6.9 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Citi’s policies related to the pulp and paper sector. 

Between 2016 and 2022, Citi provided USD 4,685 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 4 million as of 2022.

BankTrack has also assessed Citi’s policies related to the wood biomass sector and found that biomass is not mentioned in its policies and no safeguards or exclusions are in place for wood biomass. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Banks and biomass

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Citi
2022-09-21
USA
6.1
Front runner 6.1
0
United States
Profile
Score
Front runner
6.1
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Citi's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Citi's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Citi
2022-09-21
USA
4.5
Front runner 4.5
0
United States
Profile
Score
Front runner
4.5
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Citi's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Citi
2022-09-21
USA
6.9
Front runner 6.9
0
United States
Profile
Score
Front runner
6.9
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Citi's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Citi left the Net Zero Banking Alliance (NZBA) on 31 December 2024. Before that, as a NZBA member it had committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack will keep track of Goldman Sachs and other ex-NZBA member banks' climate action in a specific section of the NZBA tracker. 

Tracking NZBA banks commitments

Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of Citi to Russia's illegal invasion of Ukraine. Citi did not publicly condemn the war. Citi is considered by Leave-Russia.org to "have suspended" its operations in Russia. We categorise its exposure to Russia as large, with over $8bn of financial assets. Citi supports the Russian fossil fuel industry through loans, and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine

Banks and Steel

Banks and Steel

As part of the Net Zero Banking Alliance (NZBA), Citigroup is required to set interim targets for 2030 for high emission priority sectors. For Citigroup, this includes its lending to the steel sector. You can see Citigroup’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker.

Citigroup is also a member of the Sustainable Steel Principles. This means it has committed to measuring and disclosing its steel-related financed emissions on an annual basis, and reporting its alignment with the International Energy Agency’s Net Zero by 2050 pathway for the steel industry. 

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Citigroup provided US$ 9.8 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Citigroup’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance also tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Citigroup metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Citigroup provided $9.9 billion in finance to the fossil-steel industry, making it the 7th largest financier worldwide. Find further details on Citigroup's steel financing and how it compares to other large banks globally in the report. 

 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel

Good Moves

Good moves

Year:

2022

Seven financiers abandon TotalEnergies' EACOP pipeline in a week

The coalition to #StopEACOP celebrates this week’s news that five banks including Deutsche Bank, Citi, JPMorgan Chase, Wells Fargo and Morgan Stanley have confirmed they will not join the project loan to finance the EACOP. They are joined by the insurer Beazley Group and the Italian export credit agency SACE. This…

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…
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