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Select an assessment year:

  • Overall approach
    8/16
    • Overarching commitment on deforestation
      8/14
      Deforestation commitment
      Reduce deforestation
      8/14
      "We will work to better understand how we can most effectively address deforestation risks in our clients’ activities and champion progress in conserving high conservation value forests."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    29/64
    • Beef & Leather
      18/64
      • Commitment Strength
        12/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          5.2/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
        • Companies must protect priority forests or globally important landscapes
          7.2/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            Only encourage for HCV areas - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      41/64
      • Commitment Strength
        30/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
        • Companies must be legally operated
          3.2/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
        • Companies must protect priority forests or globally important landscapes
          7.2/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            Only encourage for HCV areas - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
        • Assurance mechanism to ensure compliance
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme

            Certification scheme (if applicable): RSPO
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. To support ongoing development and implementation of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institutions Task Force (FITF) and works with prospective clients to become RSPO certified. If a client declines to join the RSPO or leaves the RSPO Citi would initiate steps to exit the relationship."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: FI allows specific time from onboarding to become compliant
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client... This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client... This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. "
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client... This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. "
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client... This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. "
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client... This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount. "
      • Social Considerations
        11/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            ""Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            ""Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            ""Citi’s Palm Oil Standard requires all palm oil clients to become members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to a time-bound action plan to achieve 100% RSPO certification within 5 years of becoming a Citi client. Citi also monitors clients’ alignment with RSPO Principles and Criteria through annual reviews. Annual reviews include evaluation of the client’s adherence to no deforestation or degradation of HCV areas including peatlands, the implementation of FPIC for project-affected communities and best fire prevention and management systems. This standard applies to clients that are involved in the upstream production of palm oil (e.g., growers and mills), regardless of the banking relationship, transaction type or amount."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
        • Company must respect labour rights
          5.6/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            Type of policy: ILO; UNGP; Discrimination; Forced Labour; Child Labour; Freedom of association
            "In seeking to respect human rights, we are guided by international norms embodied in the United Nations Universal Declaration of Human Rights and related covenants1 and the International Labour Organization’s core conventions, 2 and by our participation as a signatory to the United Nations Global Compact. Citi has also publicly supported the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”)3 since their endorsement in 2011... We accordingly prohibit financing client activities that are likely to involve forced labor, human trafficking or harmful child labor in their own operations."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "In seeking to respect human rights, we are guided by international norms embodied in the United Nations Universal Declaration of Human Rights and related covenants1 and the International Labour Organization’s core conventions, 2 and by our participation as a signatory to the United Nations Global Compact. Citi has also publicly supported the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”)3 since their endorsement in 2011... We accordingly prohibit financing client activities that are likely to involve forced labor, human trafficking or harmful child labor in their own operations."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "In seeking to respect human rights, we are guided by international norms embodied in the United Nations Universal Declaration of Human Rights and related covenants1 and the International Labour Organization’s core conventions, 2 and by our participation as a signatory to the United Nations Global Compact. Citi has also publicly supported the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”)3 since their endorsement in 2011... We accordingly prohibit financing client activities that are likely to involve forced labor, human trafficking or harmful child labor in their own operations."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "In seeking to respect human rights, we are guided by international norms embodied in the United Nations Universal Declaration of Human Rights and related covenants1 and the International Labour Organization’s core conventions, 2 and by our participation as a signatory to the United Nations Global Compact. Citi has also publicly supported the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”)3 since their endorsement in 2011... We accordingly prohibit financing client activities that are likely to involve forced labor, human trafficking or harmful child labor in their own operations."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "In seeking to respect human rights, we are guided by international norms embodied in the United Nations Universal Declaration of Human Rights and related covenants1 and the International Labour Organization’s core conventions, 2 and by our participation as a signatory to the United Nations Global Compact. Citi has also publicly supported the United Nations Guiding Principles on Business and Human Rights (“UN Guiding Principles”)3 since their endorsement in 2011... We accordingly prohibit financing client activities that are likely to involve forced labor, human trafficking or harmful child labor in their own operations."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      18/64
      • Commitment Strength
        12/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          5.2/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
        • Companies must protect priority forests or globally important landscapes
          7.2/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            Only encourage for HCV areas - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      38/64
      • Commitment Strength
        32/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "Citi’s Sustainable Forestry Standard requiresrobust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard requiresrobust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
        • Companies must be legally operated
          5.2/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local andnational environmental laws, including those on impact assessment, public consultation and stakeholderengagement processes, and permitting conditions. Furthermore, we screen projects in these countriesagainst relevant industry good practice."
        • Companies must protect priority forests or globally important landscapes
          7.2/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            Only encourage for HCV areas - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Only project-related finance for UNESCO World Heritage Sites - "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Citi will not provide project-related financial services for the following: [...] Projects that negatively impact the Outstanding Universal Value of UNESCO World Heritage Sites [...] Citi recognizes that protecting and conserving areas of critical habitat, significant biodiversity and/or high conservation value, including legally protected areas, is key to high-quality environmental andsocial risk management. We are guided by standards that require clients to avoid or mitigate threats tobiodiversity arising from client operations and to sustainably manage natural resources. For the protectionand conservation of biodiversity, the mitigation hierarchy includes biodiversity offsets, which may beconsidered only after appropriate avoidance, minimization and restoration measures have been appliedwith the goal of no-net-loss (and preferably a net gain) of biodiversity. We also recognize the importanceof cultural heritage for current and future generations, and seek to protect areas of significant culturalheritage and value from the adverse impacts of project activities."
        • Assurance mechanism to ensure compliance
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            "Citi’s Sustainable Forestry Standard requires robust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard requires robust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard requires robust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard requires robust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Companies set own deadline but must be timebound
            "Citi’s Sustainable Forestry Standard requires robust environmental and social risk assessments for all forestry clients annually [...] Forestry clients operating in countries deemed high risk for HCV deforestation and illegal logging must follow a time-bound action plan (monitored annually by Citi) to achieve independent PEFC, SFI or FSC certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Citi’s Sustainable Forestry Standard applies to all clients that are directly involved in logging or primary processing of timber from either natural forests or plantations, regardless of the banking relationship, transaction type or amount."
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Building upon government efforts, we expect our clients to avoid infringing upon the rights and protections for Indigenous Peoples contained in relevant national law, including those laws implementing host country obligations under international law. Globally, in project-related lending for projects involving involuntary resettlement of indigenous communities, significant impacts on land and natural resources traditionally used by the community, or significant impacts on critical cultural heritage, project sponsors are expected to have engaged in meaningful consultation with directly affected Indigenous Peoples, with the goal of achieving Free Prior and Informed Consent (FPIC)."
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    8/20
    • Policy is reviewed and updated
      0/5
      Policy review
      Process for updating policy unclear
      0/5
      "This policy is continually updated in response to emerging risks."
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      "If gaps are identified between a client’s current plans or operations and ESRM Policy requirements, an Environmental and Social Action Plan (ESAP) is developed. The ESAP contains targeted environmental and social actions with timelines and deliverables to demonstrate completion that bring the project into compliance with the ESRM Policy over a reasonable timeframe."
    • Reporting on implementation of the policy
      5/5
  • Commitment strength
    22/42
    Avg. score
  • Social considerations
    7/22
    Avg. score

Profile

Citigroup are a global banking group headquartered in the US serving private, corporate, government and institutional clients. Their services include corporate finance, capital markets, securities, wealth management and retail banking services. As of 2017, Citigroup's total assets amount to more than 1.8 trillion USD, with more than 600 billion USD worth of loans. Citigroup are among the top 3 lenders to Forest 500 companies, with loans amounting to more than 120 billion USD across a broad range of forest risk sectors.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.