Results tagged as "citi foundation"

  • A Commitment to our Cities and Future

    By Andres Albo Marquez, Director of Social Commitment, Citibanamex and Brandee McHale, President, Citi Foundation January 19, 2017 09:30 AM

    Citibanamex was a sponsor of the sixth biennial C40 Mayors Summit, held in Mexico City, November 30-December 2.

    More than half of the world’s population lives in cities. By enabling sustainable development, cities are better preparing to face the challenges of urbanization and improve the quality of life of residents. As more people around the world move from rural to urban areas in unprecedented numbers, Citi is expanding its work to help build vibrant, inclusive communities where all citizens can fulfill their potential. The recent C40 Mayors Summit highlighted this effort. Citi joined elected city officials, climate experts and business leaders in Mexico City at C40’s flagship event to strategize and affirm our commitment to sustainability on an international stage.

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  • #CitiVolunteers Deliver Fresh Food to Charities Across London

    By Rachael Barber, Head of Community Development, EMEA November 23, 2016 09:00 AM

    As we announced in September, we’re proud to be partnering with the Evening Standard’s #FoodforLondon campaign to help address food waste and food poverty in large urban centers like London. When the Evening Standard approached us in October asking for our help with distributing the boxes of fresh food they had been gifted at short notice, #CitiVolunteers stepped into action, helping to contact charities we work with whose clients desperately need better access to fresh food. Thanks to their efforts 250 food boxes were distributed to families in need through three charities– Brixton Soup Kitchen, Fight for Peace and Toynbee Hall.

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  • CGAP East Asia Digital Financial Inclusion Program: Will digital financial services be a game-changer for financial inclusion?

    By Regina Seow, Regional Head of Citizenship, Citi Asia Pacific November 10, 2016 09:00 AM

    In September 2016, Citi partnered with the Consultative Group to Assist the Poor (CGAP) a global partnership of 34 leading organizations that seek to advance financial inclusion, on a pioneering program that aims to support and enable financial inclusion through digital channels.

    The East Asia Digital Financial Inclusion Program, funded by Citi Foundation, will leverage policymakers’ experience with digital financial inclusion in three countries – China, Indonesia and the Philippines – which are exploring innovative digital financial inclusion strategies and the challenges and opportunities they represent.

    The extraordinary progress in financial inclusion made by China, for example, is largely attributable to policies that promote government-to-citizen subsidies to low-income and rural areas through 900,000 agents deployed in 400,000 villages. The policy and regulatory environment in the country has encouraged a number of payment companies to build on the deep penetration of the internet, smartphones, and e-commerce to increase the use of financial services by broad swathes of the population that formerly were unbanked. Several private companies are also playing a key role in expanding the provision and usage of financial services across the economic and demographic spectrum.

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  • From Comic Book Heroes to Cracked Phone Screens - Young Entrepreneurs Have their Sights Set on Success

    October 12, 2016 12:30 PM

    “We’re just 8th graders!” This disclaimer from youth entrepreneurs Anna Doherty and Hope Sacco sent waves of laughter around the auditorium. The duo might have been only in the 8th grade, but under bright lights, in front of a giant screen and an eager audience, their business pitch at the Network For Teaching Entrepreneurship (NFTE) National Youth Entrepreneurship Challenge (presented by the Citi Foundation) made it clear to hundreds of attendees that the business partners were serious about taking their success to the next level. The Baltimore-based co-founders of Girls Coloring for Change, a coloring book featuring illustrations of inspiring women, wowed guest judges, including returning judge David Chubak, Citi’s Head of Productivity. Their passion for empowering young girls, compelling team dynamic, and early business success in bookstores helped score them points. The pair ultimately walked away with the $25,000 grand prize package, which included a college scholarship and resources to help their business grow.

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  • Creating Pathways to Progress: Citi supports #FoodforLondon

    By Rachael Barber, Head of Community Development, EMEA September 21, 2016 08:45 AM

    Click here to read the front cover story and editorial coverage in the Evening Standard

    The world’s top 100 cities – London among them -- will generate 35% of global economic growth over the next ten years, yet the benefits of that growth are not evenly distributed. As a result of this economic realty, large urban centres face certain issues and challenges that must be addressed to create a more equitable future for all of their residents. Prominent among these issues are food waste and food poverty, which have negative impacts on the health and wellbeing of Londoners as well as the environment we all share.

    At Citi, we’re partnering with the Evening Standard, London Community Foundation and the Felix Project to help people and communities come to grips with this pressing need. This partnership gives us a unique opportunity to play a critical role in making real progress on these critical societal issues. Most importantly, we fulfil our broader mission of enabling economic growth and progress by having a positive impact on the lives of all Londoners.

    The problem of food insecurity is not unique to London. Citi and the Citi Foundation are already engaged in the provision of funding and volunteer support to initiatives in New York, Madrid and Sao Paulo, to cite just a few examples. In New York, Citi Community Development has long-developed ongoing partnerships with the Food Bank for New York City and City Harvest, both top-flight organizations working creatively to tackle food and financial poverty. We look forward to sharing this learning and experience more broadly, but ultimately every city must develop unique solutions to its own unique set of challenges.

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  • Creating Pathways for Youth in StartUp Cities

    By Guy Spigelman, CEO of PresenTense Israel September 15, 2016 08:00 AM

    A group of young PresenTense entrepreneurs at their demo day presentations

    Tel Aviv–Jaffa, a bustling city on the Mediterranean with beautiful beaches, vibrant nightlife and world-class food and culture, is also a leading hub for StartUps. The 2015 Compass report, a survey that rates international entrepreneurial ecosystems, declared Tel Aviv the number one place for tech StartUps outside of the United States. Many multinational companies, including Citi, have set up Innovation Centers and Accelerators in Tel Aviv to take advantage of the energy and talent on tap.

    One of the greatest advantages of Tel Aviv–Jaffa is its comparatively high proportion of youth and young adults between the ages of 18 and 35. According to the Young-Adult Authority of the city council, over 30% of the local population are young adults, who come from all over Israel and the world to enjoy the lifestyle and work in the bustling tech scene. This matches the trends found by Accelerating Pathways, the global research initiative established by the Citi Foundation and the Economist Intelligence Unit, which found that close to half of today’s youth – globally -- have shifted residences in the past 5 years, while 77% are looking to work for themselves or to start their own business

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  • Service as a Solution: A Weekend of Remembrance and Impact

    By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi September 13, 2016 05:00 PM

    Service has the potential to transform communities and bring people from all walks of life together through a common purpose and a shared goal. This weekend, I saw that potential activated when a new class of ServiceWorks AmeriCorps VISTAs began their work in support of the economic progress of young people as the country remembered those we lost 15 years ago on September 11.

    On Saturday, September 10 in New York City, Citi joined volunteer service champion General Stanley McChrystal to help kick off another year of ServiceWorks as part of the Citi Foundation’s Pathways to Progress initiative. General McChrystal administered the pledge of service to 72 ServiceWorks AmeriCorps VISTAs at the National Opportunity Summit, a convening focused on expanding economic opportunities for youth with an emphasis on making civic engagement opportunities more accessible.

    ServiceWorks AmeriCorps VISTAs receive the pledge of service from General (Ret) Stanley McChrystal at Opportunity Nation’s National Opportunity Summit.

    The VISTAs will dedicate one year of their lives to service by teaching young people across the nation the crucial workplace and leadership skills necessary to compete in this economy, while also working to connect them to their communities through service projects that address pressing issues, from homelessness and hunger to violence and bullying. Since launching ServiceWorks in 2014, 7,500 young people across the United States have been impacted by the program. Additionally, Citi employee volunteers have also supported ServiceWorks in a variety of roles, from participating in youth-led, AmeriCorps-VISTA-supervised service projects to more intensive mentoring and skills training sessions with youth participants.

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  • Enabling Progress and Building Sustainable Economic Recovery with Bamboo

    By Lingzi Liu, Head of Corporate Citizenship, Citi China August 18, 2016 02:00 PM

    As Citi’s representative in support of The Sustainable Bamboo Enterprise Program, which creates sustainable livelihoods for disaster-torn and disadvantaged communities through the use of locally-sourced bamboo resources in the Szechuan province of China, I was personally gratified when the program was named a winner of the ‘Most Responsible & Innovative Case of the Year’ at the “Invest in Green Future – CSR and Innovation 2016 Shanghai Summit” in July 2016.

    The program was launched by the Citi Foundation and Citi China in partnership with the International Network for Bamboo and Rattan (INBAR), in response to the devastating Wenchuan earthquake of 2008, which claimed more than 80,000 lives and destroyed the homes of more than 5.5 million people in the southwest region of China. While many organizations, including Citi, responded generously with financial support, at Citi China we were determined to make a more meaningful and sustainable contribution to the impacted communities than a one-time grant would have allowed.

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  • A Conversation with Cities: Mayors on Making Innovation Stick

    By Ed Skyler, Executive Vice President for Global Public Affairs, Citi and Chairman of the Citi Foundation July 19, 2016 11:00 AM

    The following blog post is part of the City Accelerator initiative, a collaboration between the Citi Foundation and Living Cities that aims to speed the adoption of innovative local government projects within and across cities that will have a significant impact on the lives of their residents, especially those with low incomes.

    In a period of polarized national politics, citizens are increasingly looking to mayors to solve challenges and get things done. As a financial services institution focused on cities, Citi cares deeply about urban areas and we are proud of our efforts, through our Citi for Cities initiative along with Citi Foundation programming, to help cities manage their growth and thrive. We also know that the challenges facing cities are complex, and that it will take the input and best practices from the public, private and nonprofit sectors to successfully identify and implement innovative solutions.

    For 18 months, the cities of Louisville, Nashville, and Philadelphia have been working to address some of their toughest challenges — from the impact of fires in abandoned buildings to low enrollment in taxpayer benefits to homelessness. While the issues are unique to each city, these cities have a common goal to provide quality services that are accessible to all of their citizens. Each city has collaborated with the City Accelerator to construct tailored strategies to approach their specific challenges. Along the way, they have also had an opportunity to share their obstacles and learnings so that these cities – and many others across the country – can benefit from the process.

    Ahead of their final City Accelerator convening in Philadelphia in July, Nashville Mayor Megan Barry, Louisville Mayor Greg Fischer and Philadelphia Mayor Jim Kenney reflected on the changes underway in their cities, and how the initiative has helped their cities to lay the groundwork to ensure their cutting-edge efforts can be sustained.

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  • Points of Light Recognizes Citi on Civic 50
    List of Most Community-Minded Companies
    in the U.S.

    By Ed Skyler, Executive Vice President for Public Affairs, Citi June 29, 2016 02:45 PM

    When we think about the many ways that Citi makes a difference in our communities, whether by helping get the lights turned back on in Detroit, volunteering in our neighborhoods or helping young people prepare for jobs in today’s economy, we’re always gratified by recognitions from organizations like Points of Light, the largest organization dedicated to volunteer service in the world.

    This year, for the fourth year in row, we’re honored to be included in Points of Light’s Civic 50, an initiative that honors the 50 most community-minded companies in the U.S. This year’s Civic 50 honorees were selected for demonstrating a consistent commitment to helping to address a wide range of societal challenges through volunteerism, responsible business activities and philanthropic support.

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