CSR Press Release

Alerts

Send to Friend

Citi Publishes 2006 Citizenship Report

Submitted by:Citigroup

Categories:Research, Reports & Publications, CSR - General

Posted: Jul 13, 2007 – 09:00 AM EST

CSRwire.com — NEW YORK--(BUSINESS WIRE)--July 13, 2007--Citigroup Inc. (NYSE:C)recently published its 2006 Citizenship Report, an annual report describing Citi's sustainability initiatives. The report is the company's sixth and explores the relationship of the company's business strategy to emerging social and environmental issues.

Included in the report:

Statement from Citi's Shareholder Dialogue Group, a self-assembled group of socially responsible investment firms

Statement from the National Urban League

Reporting on Citi's partnership in the U.S. with NeighborWorks Center for Foreclosure Solutions

Reporting on Citi's Environmental and Social Risk Management (ESRM) Policy, including the Equator Principles

An overview of Citi's commitment to microfinance

Citi's pioneering efforts in global financial education

Highlights of Citi's Global Community Day with 45,000 employees volunteering in 475 cities in 100 countries

The cornerstone of Citi's environmental initiatives is our ESRM policy. We have significantly expanded the policy, originally created in 2003 to cover project finance, corporate and government loans and bond underwriting, with known use of proceeds. Where use of proceeds isknown, the updated policy now includes financial advisory mandates; equity investments above $5 million; equity underwriting in excess of $50 million; and letters of credit, bid bonds and performance bonds for which the instrument exceeds $50 million.

As Citi expands its global reach, we are committed to strengthening our sustainability efforts and continuing our dialogue with various key stakeholders, including clients and NGOs. We believe we have shared responsibilities to our clients, each other and our franchise and we must provide superior results for our shareholders while also focusing on the long-term well being of our franchise.

The full text of Citi's 91-page Corporate Citizenship Report as well as an Executive Summary of the report are available online at www.citigroup.com/citigroup/citizen/community/annualreport.htm

Citi welcomes direct feedback on the report. Contact Valerie Hendy at hendyv@citigroup.com with comments or for a printed copy of the Executive Summary.

About Citi

Citi, the leading global financial services company, partners with clients, corporations, governments and institutional investors in more than 100 countries and offers a broad range of financial products, advice and services, including consumer banking and finance, corporate and investment banking, securities brokerage, wealth management and alternative investments. Citi is a component of the Dow Jones Sustainability Index and FTSE4Good Index, which acknowledge leadership in setting standards in sustainable growth and in demonstrating exceptional environmental, social and economic performance. Additional information may be found at www.citigroup.com or www.citi.com

For more information, please contact:

Valerie Hendy Citigroup Inc.

Phone: 212-559-3362

More Information

CSR Press Release

Citi Publishes 2006 Citizenship Report