Climate Change Data

Citigroup Inc.

Climate Impact & Sustainability Data (2017)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:721,349 tCO2e/year (net)
Scope 1 Emissions:21,097 tCO2e/year
Scope 2 Emissions:700,252 tCO2e/year
Scope 3 Emissions:151,112 tCO2e/year (from employee travel and financed power plants)
Renewable Energy Share:18.3%
Total Energy Consumption:1,481,021,803 kWh/year
Water Consumption:4,758,923 m3/year
Waste Generated:47,614 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Human Rights
  • Responsible Business Practices
  • Financial Inclusion

Environmental Achievements

  • Reduced carbon emissions (net CO2e reduced from 1,085,820 mt in 2016 to 619,282 mt in 2017)
  • Reduced energy consumption by 29.9% compared to 2005 baseline
  • Reduced water consumption by 29% compared to 2005 baseline
  • Achieved 61.8% waste diversion rate compared to 2005 baseline
  • 18.3% of global real estate portfolio powered by renewable energy

Social Achievements

  • Launched pay equity analysis, resulting in adjustments to close a 1% gap in compensation between women and men and U.S. minorities and non-minorities
  • Expanded Building an Inclusive Culture training to over 80% of employees
  • Supported over 100,000 employee volunteer hours globally
  • Invested $79 million in grants through the Citi Foundation in 2017
  • Contributed $68 million in charitable contributions from various businesses in 2017

Governance Achievements

  • 88% of the Board of Directors are independent directors
  • Established Leadership Standards and incorporated them into employee evaluations
  • Updated Code of Conduct in 2017
  • Enhanced Conduct Risk Management Program to 84 countries

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 30% reduction in energy consumption (compared with 2005 baseline) by 2020
  • 30% reduction in water consumption (compared with 2005 baseline) by 2020
  • 60% diversion rate of waste to landfill (compared with 2005 baseline) by 2020
  • 33% of global real estate portfolio LEED certified by 2020
Short-term Goals:
  • 100% renewable energy for facilities globally by 2020

Environmental Challenges

  • Climate change impacts (extreme weather events)
  • Income inequality
  • Youth unemployment
  • Access to financial services for underserved populations
  • Human rights risks in supply chain and client activities
Mitigation Strategies
  • Partnering with UNEP FI on climate scenario analysis
  • Investing in environmental finance ($57 billion towards $100 billion goal)
  • Implementing Pathways to Progress initiative to support youth employment
  • Expanding financial inclusion programs
  • Strengthening ESRM Policy and due diligence practices, including updated guidance on Indigenous Peoples consultation and human rights

Supply Chain Management

Supplier Audits: 100% of top-tier suppliers completed the CRQ

Responsible Procurement
  • Statement of Supplier Principles
  • Standards for Suppliers
  • Corporate Responsibility Questionnaire (CRQ)

Climate-Related Risks & Opportunities

Physical Risks
  • Changes in precipitation extremes and droughts
  • Increase in tropical cyclones
  • Water scarcity
Transition Risks
  • Stranded assets (fossil fuels)
  • Regulatory changes
Opportunities
  • Renewable energy
  • Energy efficiency
  • Sustainable transportation
  • Green building

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact, UN Guiding Principles on Business and Human Rights, TCFD

Certifications: ISO 27001 (Global Information Security Program)

Third-party Assurance: SGS

UN Sustainable Development Goals

  • Goal 5 (Gender Equality)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

Citi's initiatives contribute to these goals through various programs and investments

Sustainable Products & Innovation

  • Access Account
  • CitiConnect for Blockchain
  • Proxymity

Awards & Recognition

  • New York Law Journal’s In-House Department of the Year Award for Diversity
  • Euromoney Magazine’s “World’s Best Bank for Financial Inclusion”