Citibank 2010 Annual Report Download - page 18

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Responsible Finance is the unifying idea upon which we have
structured our bank in the wake of the financial crisis. Its
purpose is to make sure our actions are in clients’ interests,
create economic value and are systemically responsible. Citi
focuses on putting the full force of our businesses, resources,
products and people to work to help improve the communities
in which we do business.
In the U.S., Citi’s Community Development group leads our
work to empower underserved individuals, families and
communities. In partnership with public agencies and non-
profit organizations, we provide innovative products, services,
philanthropic funding and financial services expertise to
support neighborhood revitalization, small-business success,
asset building and college access. Embedded across the U.S.,
the team also works with Citi’s businesses to provide
assistance to distressed borrowers.
Globally, Citi and the Citi Foundation invest in efforts that
advance economic empowerment by forming business and
philanthropic partnerships with organizations working in
microfinance, enterprise development, financial capability and
asset building, and youth education. Using a “more than
philanthropy” approach, the Citi Foundation also emphasizes
the importance of other forms of giving, including skills-based
volunteering, board service, capacity building and program
design guidance.
Across our organization, Citi is working to improve the
environmental sustainability of our operations, products and
services. In 2003, Citi launched the Equator Principles, which
helped pioneer the field of Environmental and Social Risk
Management within the finance industry. In 2007, Citi
announced a 10-year, $50 billion initiative to address climate
change. We provide financing for the renewable energy and
clean technology sectors, and we are greening our own
operations. For example, Citi’s goal is to reduce our green-
house gas (GHG) emissions 10% by 2011 and 25% by 2015 from
2005 levels.
At Citi, we recognize the value that our diverse workforce
brings to our clients through our people’s abilities to provide
customers with innovative, creative ideas and solutions. Our
diversity efforts highlight the importance of fostering an
inclusive work environment and of providing employees with
the skills, tools and experiences to develop to their full
potential and realize their professional aspirations.
The Spirit of Responsible Finance