InfluenceMap Score
Performance Band
Organisation Score
Relationship Score
New York, United States
Official Web Site:

Climate Lobbying Overview: Citigroup appears to have had some climate policy engagement, with positive top-line messaging on climate.

Top-line Messaging on Climate Policy: Citigroup clearly supports the science of the IPCC, citing its scientific conclusions in multiple reports including its 2021 Green and Social Bond Report and its 2021 Environmental and Social Policy Framework. Citigroup has recognized the need for urgent action to combat climate change, and in 2021 joined the Net Zero Banking Alliance, supporting the goal of net-zero emissions by 2050. Citigroup has signed multiple joint letters in support of the Paris Agreement. In 2019, then-CEO Michael Corbat signed the United for Paris Agreement letter, urging the United States to rejoin the Paris Agreement, and in a 2020 joint statement to the Biden administration Citigroup expressed its support for the United States’ return to the Agreement.

Citigroup appears to support the need for climate change regulation. In its 2021 TCFD Report, Citigroup states support for government action on climate change, advocating for policies to accelerate the transition to a low carbon economy. Similarly, in its 2021 Environmental and Social Policy Framework, Citigroup states support for government regulations and public policy to achieve emissions reductions. Citigroup has also signed several joint letters directly advocating for policymakers to support government regulation to respond to climate change, mitigate climate risk to the financial sector, decarbonize the shipping industry, and achieve a net-zero economy. CEO Jane Fraser has also called for “strong public policy” to accelerate the transition to net-zero.

Engagement with Climate-Related Regulations: Citigroup appears to have had limited engagement with specific climate policies. In a 2019 Global Perspectives paper, Citigroup appears to support the idea of a global carbon trading scheme and more ambitious national emissions reductions targets. In its 2021 CDP Report Citigroup appears to support renewable energy legislation and states support for energy efficiency targets with exceptions. Citigroup’s 2021 TCFD Report states support for more ambitious emissions reductions goals for the US.

Citigroup’s research team has released reports containing detailed summaries of climate policies and regulations across the globe, including the EU Emissions Trading System, California’s GHG emissions targets, and Japan’s Energy Efficiency Existing Ship Index. Citigroup does not take a position on these policies or indicate it is attempting to influence them.

Citigroup’s lobbying reports from 2021 show the company has been engaged with policymakers on the Bipartisan Infrastructure Package, the Build Back Better Act, and “climate issues.” Details of this engagement are unclear.

Positioning on Energy Transition: Citigroup appears to generally support the transition of the energy mix. ESG and TCFD Reports on Citigroup’s website state support for the transition to a low-carbon economy. A 2019 Global Perspectives paper supports urgent electrification of transportation and industry. Citigroup has signed joint letters calling for net-zero infrastructure investments in the Biden infrastructure package and decarbonization targets and incentives for shipping. Despite supporting a transition to a low carbon economy, Citigroup has cautioned against rapid moves away from certain carbon-intensive companies.

Industry Association Governance: Citigroup has disclosed its main trade association memberships on its website. In its 2021 TCFD Report, there is a section titled “Climate-related Engagements with Trade Associations” where it describes actions taken to influence the climate positions of its trade associations.

Strength of Relationship

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.