Operations & Supply Chain
Citi's global operations and supply chain extend across nearly 12,000 facilities and more than 100 countries. Our environmental footprint and supply chain goals, updated as part of our Sustainable Progress strategy, focus on minimizing direct impacts, reducing costs and reflecting global best practices. By reducing our own environmental impact, we build credibility and trust with our clients, employees, and the communities where we live and work.
- Operations: Using a rigorous climate science-based methodology, we have established new GHG emission reduction goals within a new set of environmental footprint goals for 2020. Our new 2020 goals cover our priority sustainability areas — GHG emissions, energy, water, waste and green building — across our entire portfolio of nearly 12,000 owned and leased facilities.
- GHG emissions
- 2020 goal 35% absolute reduction
- Annual carbon intensity reduction rate of -9.67% year over year (normalized by contribution to global GDP)
- 2050 goal 80% absolute reduction
- 30% absolute reduction
- 10% of water take from a reclaimed or recycled source
- 33% of our real estate portfolio LEED certified
- Supply Chain: Citi's sustainable supply chain approach is driven by the dual objectives of selecting cost-competitive, superior products and services that also meet our environmental and social standards. Our goals are focused on two priority areas:
- Supply chain policies
- Develop sustainable sourcing policies for the following categories:
- -Paper and paper-based products
- -IT hardware and e-waste disposal
- -Travel (including air, rail, rental cars and car services) and logistics
- Report annually on the development and implementation of these sustainable sourcing policies, including supplier evaluations under those policies
- Supplier engagement
- Deepen the implementation of Citi's Statement of Supplier Principles by integrating the principles into master contracts with suppliers
- Roll out our Corporate Responsibility Questionnaire globally to all key suppliers, and use the questionnaire to identify and address gaps for priority sectors and geographies through supplier engagement
- Continue to develop internal and external training initiatives to educate suppliers and procurement professionals on industry best practices
- Report annually on the results of our supplier assessments and training initiatives
Citi's work to reduce its direct environmental footprint, promote green building at scale, and drive environmental and social progress in its supply chain is fundamental to its sustainability performance. This work can also serve as a learning laboratory to stimulate product development and new partnership opportunities with clients and NGOs. We look for opportunities to leverage our operational and supply chain expertise in ways that bring value to our client engagements, and we are linking our operations and banking units to co-develop financing solutions.
Download our Sustainable Progress Strategy for more information. Further details, including performance results, can be found in our Global Citizenship Report.