Cities today are facing a range of challenges from income inequality to infrastructure pressure that demand big solutions. Through our core business and philanthropic activities, we work with community partners, policymakers and leading thinkers to find viable approaches and scale impact. In cities around the globe, we focus on addressing challenges such as affordable housing, employment, entrepreneurship, access to city services and financing for sustainable urban growth projects. Our approach goes much deeper than simply financing projects we partner to develop ideas that drive progress and strengthen communities.
Citi's sponsorship of our bike sharing program began in New York City, but has since expanded to several cities across the U.S., helping more urban dwellers decrease their carbon footprints and expand their transportation options.
NEW YORK CITY
Launched: May 2013 Trips Since Launch: 38 million Miles Traveled: 80 million
Launched: December 2014 Trips Since Launch: 2.9 million Miles Traveled: 8.6 million
Launched: September 2015 Trips Since Launch: 285,000 Miles Traveled: 427,000
Stats through December 2016
POWERING SOUTH AFRICA
While access to power across South Africa is fairly wide-spread, the reliability of the power is often tenuous. In addition, access is fairly limited in surrounding nations. Citi, in partnership with the African Development Bank and various commercial lenders, arranged for financing to Eskom, South Africa's power utility and primary supplier of electricity, to improve and expand its energy transmission network. Financing will ultimately allow Eskom to further develop its electricity generation capabilities in South Africa and across the sub-Saharan region, thus increasing industrialization and job creation as well as energy reliability and overall quality of life for people in those areas. This project is a part of the New Deal on Energy for Africa, which aims to achieve universal access to energy in Africa by 2025.
CITI FOUNDATION COMMUNITY PROGRESS MAKERS FUND,
initiative to support local organizations
working to build
more sustainable cities in the U.S.
RANKED TOP U.S.
AFFORDABLE HOUSING LENDER
FOR THE 7TH YEAR
of affordable housing totaling
nearly 50,000 units
INCREASED SMALL BUSINESS LENDING
in the U.S. to more than
raising lending over the last five years to nearly $50 Billion