Corprate Bias Ratings
Citigroup has fired employees for political beliefs and led the financial industry in canceling business relationships with the firearm industry. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Citigroup does not have viewpoint protections for its employees and has consistently used its reputation and corporate dollars for ideological purposes. The bank has also used its PAC donations for ideological purposes. Citigroup is a member of the Net Zero Banking Alliance, the Ceres Network, and PCAF, committed to net zero carbon emissions by 2040. Citigroup is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. For these reasons, Citigroup receives a High Risk rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Citigroup has led the financial industry in cutting off business with the firearm industry. For this, it received the highest grade of any bank from “Is Your Bank Loaded,” a partisan gun control pressure group (1). Citigroup does little business with the firearm industry and will fire any retail customers who sell guns to those under 21 (2). Citi required employees to get the Covid-19 vaccine or an exemption to maintain employment (3). Citi also has a written policy requiring suppliers not to discriminate on the basis of LGBTQ identity and received a score of 100 from the Human Rights Campaign’s (HRC) Corporate Equality Index (4)(5).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Citigroup permits giving to religious groups as long as the said organization is “engaged in a project benefiting an entire community,” a restriction that does not require other entities with ideological interests (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Citigroup has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The company also signed public letters endorsing the Equality Act and opposes protecting women’s sports (3)(4). The bank also opposed the GA voting integrity bill (5). Citigroup opposed the Florida Parental Rights in Education Act, which prohibits teaching gender identity and sexual orientation in schools to kids in K-3rd grade (6). Citigroup is part of the Net Zero Banking Alliance, a Ceres Network Member, and a PCAF member, committed to net zero carbon emissions by 2040 (7)(8)(9)(10). CEO Jane Fraser is a member of the Business Roundtable and Former CEO Michael Corbat signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (11)(12).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Citigroup is a Silver Corporate Partner of the HRC (1). Citigroup makes other charitable contributions to apolitical nonprofits (2)(3). However, in 2020, the bank designated $100 million over three years to “change agents” working on racial equity (4)(5). In 2022, Citigroup announced that it would fund interstate employee travel in order to seek an abortion (6). Citi also funded the Boise Pride event, which featured a children’s drag show for children as young as 11 years old (7). Citi is a copper sponsor of Out & Equal and is a corporate partner of the National LGBT Chamber of Commerce (8)(9).
All links were last accessed and all information was updated on:
August 28, 2023
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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‚Äô 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%|