Citi Leads Global Diversified Financials Sector in 2013/2014 Dow Jones Sustainability Index
NEW YORK, September 20, 2013 /3BL Media/ – Citi (NYSE: C) today announced that it has been named the Global Industry Group Leader for Diversified Financials in the 2013/2014 Dow Jones Sustainability Index (DJSI), the first global index to track the financial performance of the leading sustainability-driven companies worldwide. This marks the 12th consecutive year Citi has been named to both the DJSI World and North America indices, and the first time Citi has been named a sector leader.
“I’m extremely proud of what our people around the world have done to make Citi a more environmentally and socially sustainable company through innovation and collaboration with our clients and stakeholders,” said Mike Corbat, Citi CEO. “That we have been named a corporate sustainability leader while supporting our clients shows that you do not have to choose between the two.”
The DJSI is part of the S&P Dow Jones Indices and uses the Corporate Sustainability Assessment developed by RobecoSAM, an investment specialist focused exclusively on sustainability investing. The Corporate Sustainability Assessment provides an in-depth analysis of financially material economic, environmental and social practices, such as innovation or supply chain management, climate strategy and stakeholder engagement and places a special focus on industry-specific risks and opportunities. Based on the Global Industry Classification System (GICS), RobecoSAM annually identifies the top company in each of the 24 industry groups.
Citi has been publicly reporting on its corporate citizenship and sustainability efforts since 2000. Some of Citi’s recent sustainability accomplishments include:
- Directed $44.4 billion to date towards activities that mitigate climate change as part of our 10-year, $50 billion Climate Initiative announced in 2007.
- Reduced absolute greenhouse gas (GHG) emissions by 21.7 percent from a 2005 baseline.
- Became the first bank in the world with over 200 Leadership in Energy and Environmental Design (LEED) certified green building projects.
- Provided Environmental and Social Risk Management (ESRM) advice on 353 client transactions in 2012 and continued leadership via the Equator Principles.
- Named the World’s Greenest Bank by Bloomberg Markets magazine in 2013.
- Provided $340.9 million in lending to 38 microfinance institutions in 21 countries as part of a partnership with the U.S. Overseas Private Investment Corporation (OPIC) launched in 2006.
- Named the top affordable housing lender in the U.S. for three consecutive years by Affordable Housing Finance magazine, with $2.6 billion lent in 2012.
- Invested $76.5 million in 2012 from the Citi Foundation in programs enabling 1.1 million individuals to work toward financial inclusion and economic empowerment goals.
The DJSI follows a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics. RobecoSAM invites over 3,000 publicly traded companies, including 800 companies in emerging markets, to report annually on their sustainability practices.
For more information on Citi’s corporate citizenship and sustainability efforts, please visit: www.citizenship.citigroup.com
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
RobecoSAM is an investment specialist focused exclusively on Sustainability Investing. Its offerings comprise asset management, indices, private equity, engagement, impact analysis and sustainability assessments as well as benchmarking services. Asset management capabilities include a range of ESG-integrated investment and theme strategies (in listed and private equity) catering to institutional asset owners and financial intermediaries across the globe. Together with S&P Dow Jones Indices, RobecoSAM publishes the globally recognized Dow Jones Sustainability Indices (DJSI). Based on its Corporate Sustainability Assessment, an annual ESG analysis of over 2,500 listed companies, RobecoSAM has compiled one of the world’s most comprehensive sustainability databases. RobecoSAM’s proprietary research and sustainability insight, gained through its direct contact with companies, are fully integrated into its investment solutions.
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