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Select an assessment year:

  • Overall approach
    2/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      1/1
      Business risk
      Yes
      1/1
      Type of financial risk recognised by the financial institution: Reputational
      "Risk Screening At the marketing stage for project-related transactions, Citi’s ESRM unit works closely with bankers to categorize the magnitude of potential impacts associated with a transaction using criteria in part defined by the International Finance Corporation (IFC) and to screen for any environmental, social or reputational risks associated with the transaction. [...] Citi does not do business with companies when our due diligence indicates that they are active in the following activities: [...] • Illegal logging"
    • Target to reduce emissions in scope 1/2
    • Clients/holdings must have anti-corruption policy
      0.0/1
    • Collaborative finance sector initiatives
      1/2
      Collaborative initiatives
      Yes, involved in a collaborative finance sector initiative focused on deforestation
      1/2
      Which initiative?: RSPO

      In which location?: Global

      Is a 2025 target date encouraged within the collaborative initiative(s)?: No

      Does the financial institution engage ESG data providers on the need for better data on deforestation?: No
      Member of RSPO
    • Nature/people-positive investment
  • Commodity score
    22/90
    • Beef & Leather
      4/90
      • Policy Strength
        0/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          0/2.8
          • Commitment details
            No commitment
            0/2
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        2/27
        • Clients/holdings must test Free, Prior and Informed Consent
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "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
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "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."
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        2/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Associated human rights
          "REPORTING TO THE CITI ETHICS OFFICE You may report your concern to the Citi Ethics Office, located in the U.S., by: Calling the Citi Ethics Hotline (available 24/7 in multiple languages) by: Looking up the dialing options available in your location in the Country Dialing Instructions; or Dialing 1-866-ETHIC-99 (1-866-384-4299); or Dialing 1-212-559-5842 (international collect/reverse charge number). Calls made with a mobile phone may result in charges from your carrier. Please check with your carrier before dialing. Reporting online through website submission at: https://www.citigroup.com/citi/investor/ethics_hotline.html Reports to the Ethics Office about human resources-related matters are forwarded to Human Resources and Employee Relations for review and follow-up."
        • Remediation of environmental or social harms
          No
          0/4
    • Palm oil
      34/90
      • Policy Strength
        15/28
        • Commodity-specific deforestation financing policy
          6.7/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: Yes
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
        • Clients/holdings must be legally operated
          1.6/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice."
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice."
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client."
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            What is the target date for the full implementation of the financial institution's policy?: NA

            What is the length of time the portfolio companies are given to meet their time-bound plans?: Within 5 years of becoming a Citi client

            What is the deadline for the portfolio companies to become compliant with the policy?: Required for Investment
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Citi is a member of the Roundtable on Sustainable Palm Oil (RSPO) and requires all palm oil clients involved in the upstream production of palm oil (e.g., growers and mills) to become members of the RSPO. These clients must commit to a time-bound action plan to achieve 100% RSPO certification within five years of becoming a Citi client. Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities."
      • Associated Human Rights Abuses
        6/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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)."
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "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
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "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."
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        13/35
        • Assess client/holding exposure prior to onboarding
          Yes, for deforestation/conversion risk
          2.5/5
          Assess client/holding exposure prior to onboarding
          Yes, for deforestation/conversion risk
          2.5/5
          Does the financial institution publish the outcome of the risk assessment?: No

          Does the financial institution publish the risk assessment framework/tool used?: Yes
          "This chart provides an illustrative summary of steps taken in a typical Citi project-related finance transaction; 1. Client seeks competitive financing terms from banks --> When appropriate, earlystage “heads-up” memo sent to risk units including Environmental and Social Risk Management (“ESRM”) to notify of early-stage client discussions prior to formal approval ; 2. Receives and reviews marketing letter from Citi --> Approval required from appropriate Citi Independent Risk heads as well as ESRM unit • Project screened for potential environmental and social risks, including human rights risks • ESRM Category assigned along with ESRM Policy or Equator Principles requirements" ESRM Policy includes Palm Oil Policy.
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Citi lends and mobilizes billions of dollars of capital towards a variety of companies and projects, including sectors that may be associated with environmental and social impacts and risks. Before making a financing decision, we carefully assess the extent of these impacts and work with our clients to apply a clearly defined set of international standards and good practice to mitigate and manage environmental and social risks and impacts. This policy is regularly updated in response to emerging risks. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No

          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: Yes
          "Following either ESRM internal review or independent review, 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. In project-related loans, the ESAP becomes a binding covenant of the loan agreement and compliance with it is monitored, either by an independent consultant or by the client’s environmental team members, with results reported to Citi on a regular basis to confirm compliance.[...] Citi ESRM monitors progress annually on alignment with RSPO Principles and Criteria to ensure palm oil clients’ operations are consistent with the principle of No Deforestation, No Peat and No Exploitation (NDPE). We evaluate our clients’ identification and preservation of HCV areas (including peatlands and high carbon forests), implementation of best practice fire prevention and management systems, adherence to international labor standards, and the implementation of FPIC for project-affected communities. If a client leaves the RSPO or fails to progress towards RSPO certification, Citi would initiate steps to exit the relationship. Downstream clients involved in refining and trading are reviewed for zero deforestation policies as well as links to Areas of High Caution in their supply chain and encouraged to obtain RSPO certification if relevant. To further support ongoing development and adoption of the RSPO standard across the palm oil sector, Citi participates in the RSPO Financial Institution Consultative Group."
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: Yes

          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No

          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: No

          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: Yes
          "Works with the client and/ or Independent Expert to identify and correct areas of noncompliance, if any • If significant areas of noncompliance are evident, senior approvers are notified and a corrective action plan devised to bring client back into compliance"
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights
          "REPORTING TO THE CITI ETHICS OFFICE You may report your concern to the Citi Ethics Office, located in the U.S., by: Calling the Citi Ethics Hotline (available 24/7 in multiple languages) by: Looking up the dialing options available in your location in the Country Dialing Instructions; or Dialing 1-866-ETHIC-99 (1-866-384-4299); or Dialing 1-212-559-5842 (international collect/reverse charge number). Calls made with a mobile phone may result in charges from your carrier. Please check with your carrier before dialing. Reporting online through website submission at: https://www.citigroup.com/citi/investor/ethics_hotline.html Reports to the Ethics Office about human resources-related matters are forwarded to Human Resources and Employee Relations for review and follow-up."
        • Remediation of environmental or social harms
          No
          0/4
    • Soy
      10/90
      • Policy Strength
        2/28
        • Commodity-specific deforestation financing policy
          0/8.8
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must be legally operated
          1.6/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        6/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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)."
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "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
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "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."
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        2/35
        • Assess client/holding exposure prior to onboarding
          No
          0/5
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          0/0
        • Engagement with non-compliant clients/holdings
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No

          What does the grievance mechanism cover?: Associated human rights
          "REPORTING TO THE CITI ETHICS OFFICE You may report your concern to the Citi Ethics Office, located in the U.S., by: Calling the Citi Ethics Hotline (available 24/7 in multiple languages) by: Looking up the dialing options available in your location in the Country Dialing Instructions; or Dialing 1-866-ETHIC-99 (1-866-384-4299); or Dialing 1-212-559-5842 (international collect/reverse charge number). Calls made with a mobile phone may result in charges from your carrier. Please check with your carrier before dialing. Reporting online through website submission at: https://www.citigroup.com/citi/investor/ethics_hotline.html Reports to the Ethics Office about human resources-related matters are forwarded to Human Resources and Employee Relations for review and follow-up."
        • Remediation of environmental or social harms
          No
          0/4
    • Timber, Pulp & Paper
      38/90
      • Policy Strength
        18/28
        • Commodity-specific deforestation financing policy
          6.7/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: Yes
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
        • Clients/holdings must be legally operated
          1.6/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "For transactions in high-income OECD countries, Citi requires compliance with all relevant local and national environmental laws, including those on impact assessment, public consultation and stakeholder engagement processes, and permitting conditions. Furthermore, we screen projects in these countries against relevant industry good practice"
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "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
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "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."
        • Clients/holdings must conduct risk assessments
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "Stopping illegal logging and deforestation of high conservation value (HCV) or high carbon stock forests is a critical challenge in the global fight to preserve global biodiversity and combat climate change. Citi requires robust environmental and social risk assessments for all forestry clients that are directly involved in logging or primary processing of timber from either natural forests or plantations."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Stopping illegal logging and deforestation of high conservation value (HCV) or high carbon stock forests is a critical challenge in the global fight to preserve global biodiversity and combat climate change. Citi requires robust environmental and social risk assessments for all forestry clients that are directly involved in logging or primary processing of timber from either natural forests or plantations."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Stopping illegal logging and deforestation of high conservation value (HCV) or high carbon stock forests is a critical challenge in the global fight to preserve global biodiversity and combat climate change. Citi requires robust environmental and social risk assessments for all forestry clients that are directly involved in logging or primary processing of timber from either natural forests or plantations."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Stopping illegal logging and deforestation of high conservation value (HCV) or high carbon stock forests is a critical challenge in the global fight to preserve global biodiversity and combat climate change. Citi requires robust environmental and social risk assessments for all forestry clients that are directly involved in logging or primary processing of timber from either natural forests or plantations."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "Stopping illegal logging and deforestation of high conservation value (HCV) or high carbon stock forests is a critical challenge in the global fight to preserve global biodiversity and combat climate change. Citi requires robust environmental and social risk assessments for all forestry clients that are directly involved in logging or primary processing of timber from either natural forests or plantations."
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          3.7/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            What is the length of time the portfolio companies are given to meet their time-bound plans?: NA

            What is the target date for the full implementation of the financial institution's policy?: NA

            What is the deadline for the portfolio companies to become compliant with the policy?: Required at point of investment
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices."
      • Associated Human Rights Abuses
        6/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "Building upon government efforts, companies must not infringe 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)."
        • Clients/holdings must have a grievance mechanism
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            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 financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            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 financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            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 clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            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
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            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."
        • Clients/holdings must address gender equality issues
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        13/35
        • Assess client/holding exposure prior to onboarding
          Yes, for deforestation/conversion risk
          2.5/5
          Assess client/holding exposure prior to onboarding
          Yes, for deforestation/conversion risk
          2.5/5
          Does the financial institution publish the outcome of the risk assessment?: No

          Does the financial institution publish the risk assessment framework/tool used?: No
          "We review all forestry clients’ policies, practices, and track record on forestry management to evaluate alignment with industry best practice, including labor, community engagement, systems to avoid deforestation or land conservation of HCV areas or high carbon stock landscapes, and proper prevention of fire risk. All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices. "
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Citi lends and mobilizes billions of dollars of capital towards a variety of companies and projects, including sectors that may be associated with environmental and social impacts and risks. Before making a financing decision, we carefully assess the extent of these impacts and work with our clients to apply a clearly defined set of international standards and good practice to mitigate and manage environmental and social risks and impacts. This policy is regularly updated in response to emerging risks. "
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: NA

          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No
          "Following either ESRM internal review or independent review, 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. In project-related loans, the ESAP becomes a binding covenant of the loan agreement and compliance with it is monitored, either by an independent consultant or by the client’s environmental team members, with results reported to Citi on a regular basis to confirm compliance."[...]"These clients (Forestry) are reviewed annually by Citi to confirm ongoing management practices. Citi has a long-standing public commitment not to engage in business with companies that we know to be in violation of local or national forestry and logging laws. If a client refuses to pursue FSC certification, or if they fail to make progress towards certification, or credible concerns of illegal logging are identified and not remediated, Citi would initiate steps to exit the relationship."
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: No

          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: Yes

          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: No

          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No
          "We review all forestry clients’ policies, practices, and track record on forestry management to evaluate alignment with industry best practice, including labor, community engagement, systems to avoid deforestation or land conservation of HCV areas or high carbon stock landscapes, and proper prevention of fire risk. All forestry clients operating in tropical forests are required to be members of the Forestry Stewardship Council (FSC) and pursue certification, which includes establishing management systems consistent with the principles of No Deforestation, No Peat and No Exploitation (NDPE). FSC certification may be required in other geographies if concerns of HCV impacts are identified. These clients are reviewed annually by Citi to confirm ongoing management practices. Citi has a long-standing public commitment not to engage in business with companies that we know to be in violation of local or national forestry and logging laws. If a client refuses to pursue FSC certification, or if they fail to make progress towards certification, or credible concerns of illegal logging are identified and not remediated, Citi would initiate steps to exit the relationship."
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          Yes
          2/2
          Publicly accessible grievance mechanism
          Yes
          2/2
          What does the grievance mechanism cover?: Deforestation/conversion; Associated human rights

          Does the financial institution report/publish any of the grievances made against it and/or its clients/holdings in the past 12 months?: No
          "REPORTING TO THE CITI ETHICS OFFICE You may report your concern to the Citi Ethics Office, located in the U.S., by: Calling the Citi Ethics Hotline (available 24/7 in multiple languages) by: Looking up the dialing options available in your location in the Country Dialing Instructions; or Dialing 1-866-ETHIC-99 (1-866-384-4299); or Dialing 1-212-559-5842 (international collect/reverse charge number). Calls made with a mobile phone may result in charges from your carrier. Please check with your carrier before dialing. Reporting online through website submission at: https://www.citigroup.com/citi/investor/ethics_hotline.html Reports to the Ethics Office about human resources-related matters are forwarded to Human Resources and Employee Relations for review and follow-up."
        • Remediation of environmental or social harms
          No
          0/4
  • Commitment strength
    9/28
    Avg. score
  • Implementation and Reporting
    8/35
    Avg. score
  • Associated Human Rights Abuses
    5/27
    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 2021, Citigroup's total assets amount to more than 2 trillion USD. Citigroup are among the top lenders to Forest 500 companies, with loans across a broad range of forest risk sectors. In the 2022 selection, Citigroup was providing 131 billion USD to the Forest 500 companies.

HQ
HQ 
United States
Financial institution type
Financial institution type 
FI

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.