Citigroup Inc
Investment Banking & Investment Services
Company Summary
Citigroup is a global financial institution with strong commitments to ESG principles, focusing on sustainable finance and corporate responsibility. The company has set ambitious goals, including net-zero emissions by 2050, and it actively invests in clean energy projects and green bonds. Citigroup’s ESG rating reflects its progress in renewable energy financing and its efforts to reduce its environmental impact. However, Citigroup has faced criticism over its continued financing of fossil fuel projects, which undermines its sustainability claims. The company also continues to deal with governance issues, including calls for greater diversity and inclusion within its leadership. Its ESG score reflects both its environmental commitments and the areas where it needs to improve, particularly in governance and social responsibility. For a balanced view, refer to Citigroup’s latest ESG report, which highlights both its successes and ongoing challenges. Citibank, a core division of Citigroup, is also dedicated to sustainability. The Citibank ESG Report and Citibank Sustainability Report outline the bank's initiatives to support a low-carbon economy, manage climate risks, and enhance community development. Citibank's sustainability efforts are reflected in its focus on renewable energy financing, responsible lending, and community programs. With operations divided into five main segments—services, markets, banking, U.S. personal banking, and wealth management—Citigroup offers a wide range of financial services, including corporate banking, investment banking, trading, and credit card services. Citigroup aims to contribute to sustainable growth by aligning its operations with ESG best practices, ensuring accountability, and addressing key sustainability challenges in the financial industry.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Citi is average among 190 companies in the banks industry.
Temperature Rise :
News from Citigroup Inc
Citi Launches Sustainable Time Deposit for US Clients
Citi and Etihad Sign Agreement for First Sustainable Deposit Solution
Citi UAE Launches Recycled Plastic Corporate Cards
Highlights from Asia Pacific's Biggest Gathering of Young Social Entrepreneurs Climate Change
Citi hires veteran-owned firms to manage $2.0 billion bond issue
Citigroup introduces new deposit products for sustainable goals
Citigroup Includes More Sustainable Activities in 2021 ESG Report
The Environmental, Social, and Governance (ESG) Report for 2020 has been made public by Citi.
Citi selects S&P Global and Oliver Wyman's Climate Credit Analytics for climate stress-testing and ESG reporting
Citi Engages Black-Owned Businesses to Distribute $2.5 Billion in Affordable Housing Bonds
FAQ
What is Citigroup's ESG score?
Citigroup has an ESG rating of "A" by MSCI, reflecting above-average performance in key ESG categories.
How does Citigroup perform in ESG rankings?
The company is recognized as a sustainability leader in banking, appearing on sustainability indices like the DJSI.
What ESG strategies does Citigroup employ?
Citi is committed to financing $1 trillion in sustainable activities by 2030, with a focus on clean energy, affordable housing, and social equity.