North America's best bank for corporate responsibility 2018: Citi
Awards for Excellence 2018
If there is one bank in North America that is shoring up the financial system, moving finance into a modern era and willing to do what it takes to create a healthy, safe and prosperous society for employees, clients and communities, it is Citi, North America’s best bank for corporate responsibility.
Over the last year the bank has been a first mover in a variety of politically challenging areas. Citi was, for example, the only US bank to be in the pilot group for the UN Environment Programme Finance Initiative’s task force on climate-related financial disclosures – putting together a methodology for the industry to assess and discuss specific risks and opportunities associated with the transition to a low-carbon economy.
The bank had already altered its approach to evaluating pipelines and other projects that could impact indigenous peoples and was noticeably absent from the Kinder Morgan Trans Mountain Pipeline deal. Citi’s head office in New York is the middle of a greening overhaul and the bank has committed to using 100% renewable energy to power all its facilities by 2020.