BankTrack is the international tracking, campaigning and civil society support organisation focused on commercial banks and their finance.
We aim to stop banks from financing harmful business activities and promote a banking sector that contributes to just societies and a healthy planet.
Citigroup Center in New York. Photo: Trxr4kds via Wikimedia Commons (CC-BY-SA 3.0)Citigroup Inc., doing business as Citi, is a major US financial services company based in New York, NY. Citigroup was formed from a merger between Citicorp and financial conglomerate Travelers Group. It is active in 107 countries with approximately 12,000 offices worldwide. Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the US government.
| Website | http://www.citigroup.com |
| Headquarters |
399 Park Avenue
NY 10043 New York
United States
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| CEO/chair |
Mr. Michael Corbat CEO |
| Supervisor | |
| Annual reports |
CSR report 2018 Annual report 2018 |
| Ownership |
listed on NYSE Euronext & Tokyo Stock Exchange
Citi's share holder structure can be accessed here. |
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Citi adopted the Equator Principles in 2003.
Citi must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Citi is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed Citi on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Citi is assessed as a Front runner, with a total score of 7.5/12.
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Citi is reporting on the implementation here.
