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Response by Citi
Author: Citi , Published on: 6 June 2019
We annually provide detailed feedback to the Report Card’s authors on its methodology and findings, and we would like to supplement what is covered in the Report Card with additional information on our extensive efforts to address climate change... We have had a public commitment to respect human rights since 2007, when Citi... issue[d] a Statement on Human Rights... In our 2018 update, we noted that...climate change presented a “systemic risk” to human rights and that addressing that risk is at the forefront of our broader sustainability efforts to mitigate the impacts of our clients’ activities while increasing our involvement in environmental and sustainable finance... our Climate Position Statement published in 2007... was followed in 2015 by a statement we coauthored with five other banks to express support for the development of the Paris Agreement.... As noted in our Environmental and Social Policy Framework, Citi also evaluates climate-related risks of financed projects under our Environmental and Social Risk Management (ESRM) Policy... We have also enhanced our efforts to better understand the impact on Citi’s lending portfolios from transition and physical risks related to climate change.