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BankTrack
Created before Nov 2016
Last update: 2016-09-27 12:42:31
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About
Citigroup Inc., doing business as Citi, is a major American financial services company based in New York, NY. Citigroup was formed from a merger between Citicorp and financial conglomerate Travelers Group. Citigroup is active in 107 countries with approximately 12,000 offices worldwide.
Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.
| Headquarters |
399 Park Avenue
NY 10043 New York
United States
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| Supervisor | |
| CEO/chair |
Mr. Michael Corbat CEO |
| Annual reports |
Global Citizenship Report 2016 Annual Report 2016 |
| Website | http://www.citigroup.com |
| Ownership |
listed on NYSE Euronext & Tokyo Stock Exchange
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Related Dodgy Deals
Citi has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Type:
Projects
Active
Bauxite mine Niyamgiri Hills India
Active
Dakota Access Pipeline United States
Active
Dominion Cove Point LNG United States
Active
Great Barrier Reef Coal & Gas Exports Australia
Active
Keystone XL pipeline United States
Active
Mochovce nuclear power plant (units 3 & 4) Slovakia
Active
Mountain Valley Pipeline United States
Active
Offshore Detention Centres Australia
Active
Trans Mountain Pipeline Expansion project (TMEP) Canada
There are no projects active for Citi now.
On record
Baku-Tbilisi-Ceyhan oil pipeline - international -
On record
Block 31, Yasuni National Park Ecuador
On record
Canadian tar sands Canada
On record
Dynegy coal power plants United States
On record
Grasberg gold and copper mine Indonesia
On record
Ilisu dam Turkey
On record
Kashagan oil project Kazakhstan
On record
Mining in Goa/ Sesa Goa India
On record
Mountain top removal coal mining United States
On record
Palm Oil Plantations in the Sambas District Indonesia
On record
Woodside Petroleum’s gas refinery Australia
Companies
Active
Arch Coal United States
Active
BHP Billiton Australia
Active
Coal India India
Active
Drummond United States
Active
EPH Czech Republic
Active
IOI Corporation Malaysia
Active
Jindal Steel & Power India
Active
National Thermal Power Corporation (NTPC) India
Active
Trafigura Singapore
Active
TransCanada Corporation Canada
Active
Vitol Switzerland
There are no companies active for Citi now.
On record
Adani India
On record
Alliant Techsystems United States
On record
Alpha Natural Resources United States
On record
Anglo American United Kingdom
On record
Areva France
On record
Astra Agro Lestari Indonesia
On record
EDF France
On record
Elbit Systems Israel
On record
Eletrobras Brazil
On record
Enel Italy
On record
ENGIE France
On record
ESKOM South Africa
On record
First Resources Singapore
On record
Glencore Switzerland
On record
Golden Agri-Resources - GAR Singapore
On record
Kencana Group Singapore
On record
Kuala Lumpur Kepong Malaysia
On record
Lockheed Martin United States
On record
OLAM Singapore
On record
Rio Tinto Australia
On record
Royal Dutch Shell Netherlands
On record
RWE Germany
On record
Shenhua Group China
On record
Textron United States
On record
Vale Brazil
On record
Vattenfall Sweden
On record
Vedanta Resources United Kingdom
On record
Wilmar Group Singapore
Dodgy Deals map
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Media
Images
Citi demonstrations
Videos
Links
Policies
Voluntary initiatives
Citi has committed itself to the following voluntary standards:Investment policies
An overview of Citi's policies can be found here.
Issues
Citi and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Citi adopted the Equator Principles in 2003.
Reporting on the Equator Principles
Citi must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Citi is in compliance with its reporting obligations. The 2015 report can be found here.
Dodgy Deals
Citi is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Human rights
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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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Equator Principles
Implementation and reporting
Citi is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
Year:
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 make-or-break UN climate change conference in Paris, then saw important coal finance restrictions being announced by institutions including Citi, Natixis, Goldman Sachs, Société Générale, BNP Paribas, ING and RBS. All these moves are captured here – significantly, a number of banks have chosen not just to get out of coal mining, but are also extending into ending their support for coal power.