Citigroup
Corporate Bias Rating
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Risk Level:
Summary:
Citigroup has fired employees for political beliefs and led the financial industry in canceling business relationships with the firearm industry. Citigroup scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Citigroup increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Citigroup provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Citigroup is a member of the Net Zero Banking Alliance, the Ceres Network, and PCAF, committed to net zero carbon emissions by 2040. The company's CEO is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Citigroup is a bronze partner of PFLAG. Citigroup is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Citigroup receives a High Risk rating.
Board Bias
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CEO of Citigroup
Jane Fraser
Summary:
Headquartered in New York, New York, Citigroup is a member of the Fortune 250 operating in the Banks industry. Jane Fraser and John C. Dugan serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $308,100 to Republican causes and $688,549 to Democratic causes. Under their tenure, Citigroup currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$308,100
$688,549
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/25/23 | Social | Sisters of Saint Joeseph of Peace | Report on Indigenous People Policy | Against | 31.50% |
4/25/23 | Governance | John Chevedden | Shareholder Approval of Termination Pay | Against | 27.90% |
4/25/23 | Governance | Kenneth Steiner | Require Two Seperate People Hold the Offices of Chairman and CEO | Against | 18.20% |
4/25/23 | Environmental | Harrington Investments, Inc. | Limit/End Fossil Fuel Underwriting/Financing | Against | 10.10% |
4/26/22 | Social | Sisters of St. Joseph | Report on Respecting Indigenous Peoples’ Rights | Against | 33.12% |
4/26/22 | Governance | Kenneth Steiner | Require Independent Board Chair | Against | 20.58% |
4/26/22 | Environmental | Harrington Investments, Inc. | Ending New Fossil Fuel Financing | Against | 12.82% |
4/26/22 | Governance | John Chevedden | Adapot Management Pay Clawback Authorization Policy | Against | 9.11% |
4/26/22 | Social | National Center for Public Policy Research | Civil Rights and Non-Discrimination Audit | Against | 2.90% |
In the News
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AbbVie , Amgen , Bank of America (Merrill Lynch) , Caterpillar , Citigroup , Citizens Financial , Coca-Cola (Coke) , Colgate-Palmolive , CVS Health , Delta Air Lines , General Motors (GM) , JPMorgan Chase , Morgan Stanley (E-Trade) , Prudential Financial , Robert Half , Sherwin Williams , Uber , United Parcel Service (UPS) , Wells Fargo