Company Directory - Citi Foundation
Company Details - Citi Foundation
Citi Foundation
The philanthropic arm of Citi Group, focused on promoting economic progress through initiatives in financial inclusion and community development.
CCI Score
CCI Score: Citi Foundation
31.44
-0.02%
Latest Event
Citi Foundation Drives Urban Economic Development and Financial Inclusion
The Citi Foundation, as part of Citigroup’s philanthropic arm, has implemented initiatives aimed at empowering urban communities through financial education, small business support, and strategic partnerships. These efforts promote social equity and economic resilience, counteracting systemic inequalities that can foster authoritarian tendencies.
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DISSENTER
Citi Foundation is currently rated as a Dissenter.
Latest Events
- NOV222024
The Citi Foundation, as part of Citigroup’s philanthropic arm, has implemented initiatives aimed at empowering urban communities through financial education, small business support, and strategic partnerships. These efforts promote social equity and economic resilience, counteracting systemic inequalities that can foster authoritarian tendencies.
+70
Public and Political Behavior
March 27
Under Public and Political Behavior, the Citi Foundation demonstrates a commitment to community engagement and fostering social equity through its financial inclusion programs. By enhancing financial literacy and promoting empowerment among underserved populations, the foundation contributes positively to public trust and counters narratives that feed into authoritarianism.
+80
Business Practices and Ethical Responsibility
March 27
For Business Practices and Ethical Responsibility, the Citi Foundation is recognized for its ethical approach towards economic empowerment and sustainable community development. Its focus on financial education and capacity-building for underserved communities highlights a proactive stance against economic exploitation and supports the values of social justice.
+75
Economic and Structural Influence
March 27
Regarding Economic and Structural Influence, the Citi Foundation’s targeted investments in urban areas strengthen local economies and promote sustainable development. Their collaborations with community-based organizations and support for small businesses help create a more balanced economic structure, reducing vulnerabilities that authoritarian regimes might exploit.
- AUG062024
Citi Foundation, in collaboration with the International Finance Corp (IFC), has launched a sustainable supply chain finance program aimed at addressing financing gaps for small and medium-sized businesses in emerging markets. The initial phase focuses on a $500 million facility in Mexico, reflecting a commitment to ethical business practices and economic development.
+70
Business Practices and Ethical Responsibility
March 27
The partnership signals a strong commitment to ethical business practices by leveraging sustainable supply chain finance to support underbanked SMEs in emerging markets. This initiative helps address market gaps and promote financial inclusion, reflecting a proactive stance against exploitative economic practices often linked to authoritarian economic policies.
Citi and IFC Partner on Sustainable Supply Chain Finance Program
+60
Economic and Structural Influence
March 27
The initiative injects substantial capital into emerging markets, enhancing economic development and reducing systemic financial inequities. By facilitating access to critical trade finance, the program not only supports sustainable growth but also indirectly resists the structures of economic exclusion that can empower authoritarian regimes.
Citi and IFC Partner on Sustainable Supply Chain Finance Program
- AUG062024
Citi and IFC launched a $2 billion sustainable supply chain finance program focused on emerging markets, starting with a $500 million facility in Mexico to support SMEs and promote sustainability.
+80
Business Practices and Ethical Responsibility
March 27
The sustainable supply chain finance program aligns with ethical business practices by addressing financing gaps for SMEs in emerging markets. This initiative supports inclusive growth and responsible business conduct, demonstrating a commitment to sustainable finance and community development.
+70
Economic and Structural Influence
March 27
The initiative represents a significant economic collaboration that strengthens the structural financial infrastructure in emerging markets. By mobilizing capital in partnership with the IFC, the program not only enhances economic stability but also fosters sustainable development in regions often underserved by traditional banking services.
- AUG062024
The Citi Foundation, in partnership with the IFC, launched a $2 billion sustainable supply chain finance program aimed at promoting financial inclusion, green supply chain finance, and community development in emerging markets. This initiative reflects a commitment to responsible business practices that counter exploitative economic models and, indirectly, authoritarian tendencies.
+20
Public and Political Behavior
March 27
The initiative, while not overtly political, supports inclusive economic participation, indirectly countering authoritarian practices by fostering community engagement and transparent financial behavior. This reflects a moderate positive impact on public and political behavior.
Citi, IFC Launch $2 Billion Sustainable Supply Chain Finance Program for Emerging Markets
+60
Business Practices and Ethical Responsibility
March 27
By launching a substantial funding program focused on sustainable and inclusive finance, the Citi Foundation demonstrates strong ethical business practices. This commitment to environmental and social goals underpins responsible business behavior and reinforces trust in its financial inclusion initiatives.
Citi, IFC Launch $2 Billion Sustainable Supply Chain Finance Program for Emerging Markets
+50
Economic and Structural Influence
March 27
The program enhances economic structures by providing critical financial resources to emerging market suppliers, thus strengthening community resilience against exploitative systems often leveraged by authoritarian regimes. This marks a strong positive contribution to economic and structural influence.
Citi, IFC Launch $2 Billion Sustainable Supply Chain Finance Program for Emerging Markets
- AUG052024
IFC and Citi have partnered to launch a $500 million facility under a $2 billion sustainable supply chain finance program. The initiative aims to bridge financing gaps for SMEs in Mexico, promoting ethical business practices and inclusive economic development in emerging markets.
+80
Business Practices and Ethical Responsibility
March 27
This initiative reflects Citi's commitment to ethical business practices by addressing supply chain financing gaps for SMEs. By supporting sustainable financing in emerging markets, the project works to ensure that financial resources are allocated in a manner that promotes responsible supply chain practices and counters exploitation, aligning positively with anti-fascist values.
IFC and Citi to Support Sustainable Supply Chain Finance in Mexico
+70
Economic and Structural Influence
March 27
The establishment of a $500 million facility represents a significant structural economic intervention that supports resilient financial infrastructure in Mexico. By enhancing credit access for underbanked SMEs, the initiative bolsters economic inclusivity and promotes sustainable growth, thereby reducing vulnerabilities that can be exploited by authoritarian regimes.
IFC and Citi to Support Sustainable Supply Chain Finance in Mexico
- JAN012024
Citi’s recent political engagement statement outlines its active involvement with global policymakers to protect its business interests. The statement, while reflecting standard corporate behavior, raises concerns from a left‐leaning perspective due to its emphasis on advancing corporate agendas through political lobbying and executive engagement, practices that may help to entrench authoritarian-friendly policies.
-50
Political Contributions and Lobbying Efforts
March 27
Citi's engagement in political contributions and lobbying efforts is evidenced by its explicit statement of working with global policymakers. From a left-leaning perspective, this strategic alignment to preserve corporate interests over public accountability contributes to an environment that can favor authoritarian policies. The activity is seen as prioritizing corporate profitability at the expense of democratic transparency.
-40
Executive Political Engagement
March 27
The statement also reflects a significant level of executive political engagement. Citi's leadership partakes in policymaker interactions to influence regulations in the bank's favor. This form of executive involvement, while common in large corporations, is critiqued from an anti-fascist perspective as it consolidates power among corporate elites and may undermine broader democratic processes.
- DEC312023
The report details extensive political contributions and lobbying efforts by Citi, revealing millions of dollars funneled through political action committees and lobbying activities during 2023. These actions, aimed at influencing financial regulation and policy, raise concerns from an anti-fascist perspective about corporate efforts to shape political outcomes in ways that may undermine democratic accountability.
-60
Political Contributions and Lobbying Efforts
March 27
The 2023 Citi Political Engagement Report documents significant lobbying expenditures and political contributions that strategically support candidates and policies favorable to corporate interests. From an anti-fascist viewpoint, such extensive corporate engagement in the political arena can be seen as bolstering an environment where corporate power undermines democratic institutions and may even encourage authoritarian practices. The large sums, particularly the support for numerous Republican and partisan groups, emphasize a pattern of political behavior that prioritizes corporate agenda over broader societal accountability.
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