Citigroup
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Poverty Reduction
- Sustainable Development Goals (SDGs)
Social Achievements
- Collaboration with SOPHIA Oxford to bring multidimensional poverty measurement to the business world.
- Highlighting examples of businesses using MPIs to develop human resource policies.
Climate Goals & Targets
Environmental Challenges
- Slowdown in poverty reduction.
- Impact of COVID-19 on poverty.
- Armed conflict.
- Climate change.
- Mismatch between capital risk appetite and project risk in poverty reduction investments.
Mitigation Strategies
- Advocating for a multidimensional approach to poverty measurement and reduction.
- Promoting the use of sustainability-linked bonds with KPIs linked to MPI indicators.
- Highlighting the potential of blended finance to mobilize capital for poverty reduction.
Supply Chain Management
Responsible Procurement
- Building inclusive and resilient supply chains
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN SDGs
UN Sustainable Development Goals
- SDG 1: No Poverty
The report focuses on SDG 1 and its interconnectedness with other SDGs.