Global Citizenship Report 2017

Citi’s $100 Billion Environmental Finance Goal Environmental Finance is a pillar of our Sustainable Progress Strategy, 1 and the $100 Billion Environmental Finance Goal is the flagship initiative of our environmental finance efforts. We hold ourselves accountable by measuring, tracking and publicly reporting our activities and impact. As a global bank, we play an essential role in financing a sustain- able economy, and environmental finance activity represents a growth opportunity for our business and our clients. In 2015, we announced our $100 Billion Environmental Finance Goal, to finance and facilitate $100 billion in activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. This commitment follows a previous goal, completed in 2013, to direct $50 billion toward climate-friendly projects. The $100 billion goal supports Citi’s mission to provide financial services that enable growth and economic progress. All of the business that counts toward the goal is driven by market demand and generates positive risk-adjusted financial returns for Citi, for our clients and for society as a whole. Having an established goal provides us with a cohesive way to measure and report on the impact of activity that contributes to an important global challenge, while also sending a clear signal about our intentions to our clients and partners, and to the market. Each transaction counted toward the goal must meet at least one of six criteria, which include renewable energy, water quality and conservation, sustainable transportation, green building, energy efficiency and clean technology. The activi- ties that fall under the goal span a diverse range of products and services, such as green bonds, power purchase agree- ments and tax equity financing. In 2017, we released a new report, Sustainable Growth at Citi: Progress and Impacts of Citi’s $100 Billion Environmental Finance Goal , to share our progress toward the goal, from 2014 through June 2017, and provide more detail about how we are measuring the impact of our environmental finance activities. Environmental Finance In recent years, we’ve seen increased engagement and international agreements on efforts to slow, and even reverse, global warming and build a more resilient, sustainable economy. From the Paris Agreement to the UN Sustainable Development Goals (SDGs), one common factor stands out — trillions of dollars of investment is needed to make these shared goals a reality. For more than a decade, Citi has increasingly worked with clients to identify areas where there are business opportunities that also positively impact the environment. We’ve also strengthened our transparency around our reporting to better measure our progress towards our own environmental finance goals. 1 For performance against our Sustainable Progress Scorecard, please see the Appendic es of this report. 78