Citi Announces New Five-Year Sustainable Progress Strategy to Finance Climate Solutions and Reduce Climate Risk

Citi has announced its new five-year 2025 Sustainable Progress Strategy to help accelerate the transition to a low-carbon economy. This new strategy includes a $250 Billion Environmental Finance Goal to finance and facilitate climate solutions globally. This builds on Citi’s previous $100 billion goal announced in 2015 and completed last year, more than four years ahead of schedule. “If there’s one lesson to be learned from the COVID-19 pandemic, it is that our economic and physical health and resilience, our environment and our social stability are inextricably linked,” said Michael…

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Citi Furthers Commitment to Global Pay Equity With New Campaign, “The Moment”

Citi has announced the launch of The Moment, a multimedia advertising campaign created to further the organization’s efforts surrounding the pay equity and senior-level representation gaps both within their organization and beyond. The campaign will kick off with a Times Square billboard, unveiling a series of photographs that capture the raw, unedited reactions of young children of Citi employees at the precise moment they learn about the gender pay gap and unequal opportunities that persist across many industries. The campaign will direct consumers to view the full video on Citi’s…

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Arjuna Capital: BNY Mellon Joins Bank of America, Citi & Wells Fargo As 4th Bank In 4 Weeks Working To Close Gender Pay Gap

In less than a month, four of the biggest banks and financial institutions in the U.S. have disclosed efforts to remedy gender pay inequity. Responding to shareholder proposals from Arjuna Capital calling for detailed reports and wage data disclosure, the Bank of New York Mellon – the world’s largest custodian bank and asset servicing company – became the fourth bank since January 15th to agree to close both its gender and racial pay gaps.  In response, Arjuna Capital withdrew its shareholder proposal at BNY Mellon.  Four of the nine banks…

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