Citi Celebrates Earth Day 2016

Each year, Citi marks Earth Day, not just through events on that one date, but through a week-long series of employee-led sustainability initiatives around the world. These events raise awareness of important environmental and social issues, and support our Mission and Value Proposition by creating a meaningful, positive impact through reducing Citi's operational footprint and deepening our ties to the communities where we live and work.

On Friday, April 22 – the date recognized globally as Earth Day – UN delegates will gather in New York City to formally sign and adopt the Paris Agreement. This agreement, a product of focused negotiations among nearly 200 countries, lays out a path to limit the rise in global temperature to under 2^oC in an effort to avoid calamitous changes to our climate.

In support of Earth Day 2016 and the Paris Agreement, I would like to highlight some of Citi's achievements in advancing Sustainable Progress, as well as our goals moving forward.

• Environmental Finance: In 2014, Citi counted $23.6 billion toward our $100 billion Environmental Finance Goal. Our 2015 numbers are even larger. Next week, we will announce our progress with the release of our Global Citizenship Report.

• Environmental and Social Risk Management (ESRM): In 2015, we screened 380 transactions against our ESRM Policy, and released a new Coal Mining Standard, which commits Citi to reduce our credit exposure over time to the coal mining industry.

• Operations: We reached our 2015 goal to reduce our greenhouse gas (GHG) emissions by 25% through energy efficiency and green building measures, and we established science-based goals to reduce our GHG emissions by 35% by 2020 and 80% by 2050. We also exceeded all of our 2015 energy efficiency, water consumption, waste to landfill and LEED building portfolio goals.

• Supply Chain: Citi Enterprise Supply Chain (ESC) released white papers for each of its priority sustainability areas, namely paper and paper products, IT hardware and e-waste disposal, and travel and logistics, to brief employees on relevant issues. These white papers are now being used to update our procedures on supplier standards and principles.

• Stakeholder Engagement: We have engaged with clients, investors, suppliers, partners and employees to better understand the sustainability challenges and opportunities we face as a financial institution. We also convened a stakeholder dialogue in January focused on a review of our methodology for the $100 Billion Goal and the associated environmental and social impacts.

I am also proud that Citi has gained recognition for our efforts to enable progress in sustainable and responsible ways. In 2015, we made CDP's Climate A List for our efforts to mitigate climate change, and in early 2016 we were named #19 on the U.S. EPA's Fortune 500 Green Power Partnership ranking for our integration of wind in powering our own operations.

As we pause to celebrate Earth Day I am proud of the support that our Green Teams and colleagues provide for our Sustainable Progress goals.