Citibank 2010 Annual Report Download - page 19

17
2010 Accomplishments
• Citi Community Capital provided $5.6 billion in loans and
investments to affordable housing and community develop-
ment initiatives across the U.S. and was named the Top
Affordable Housing Lender by Affordable Housing Finance.
• Since 2007, Citi has helped more than one million borrowers
in their efforts to avoid potential foreclosure. In addition,
Citi’s Office of Homeownership Preservation works with
borrowers, housing counselors and non-profit organizations
to provide education, training and assistance. In the summer
of 2010, Citi announced a three-month foreclosure suspen-
sion program in the Gulf of Mexico region to allow eligible
borrowers to remain in their homes as Gulf communities
responded to the oil spill and its economic repercussions.
• Citi passed the halfway mark in our $50 billion climate
change initiative one year ahead of schedule. One example
of our progress is the Citi-led financing for Shepherds Flat,
which, upon completion, will at 845 megawatts be the largest
wind farm in the U.S.
• In 2010, Citi reduced its absolute GHG emissions 6.4% from
2009 levels and has now achieved an overall reduction of
4.8% from 2005 levels.
• Citi was elected Chair of the Equator Principles Financial
Institutions Steering Committee. The Equator Principles
now comprise more than 70 global financial institutions
from all regions of the world and have become the gold
standard for managing the environmental and social risks
in project finance.
• Citi was the first major U.S. bank to disclose publicly a set
of supplier principles for our vendors that address ethics,
human rights and environmental impacts within our
supply chain.
• Citi was the first major U.S. bank to sign on to the United
Nations Global Compact, an initiative that encourages
businesses to align their operations and strategies with ten
universally accepted principles in the areas of human rights,
labor, environment and anti-corruption.
• Citi was recognized for its diversity practices by private and
government organizations around the world, including the
Human Rights Campaign in the U.S., the Equal Opportunity
for Women in the Workplace Agency in Australia and
Distintivo Empresa Incluyente (Inclusive Company Award)
in Mexico.
Karachi, Pakistan This past August, Pakistan was devastated by severe flooding — the worst in more than 80 years. More than 14 million people
were affected and more than 1,600 lost their lives. Citi employees in Pakistan mobilized to help assist in relief efforts, including hand delivering
food and clean drinking water to families at the Hawksbay Karachi Flood Relief Camp.