Global Citizenship Report 2017

Taskforce on Climate-related Financial Disclosures Index We have included in this year’s report information and voluntary disclosures that are aligned with the Final Recommendations Report of the Task Force on Climate-related Financial Disclosures (TCFD), released in June 2017. Citi is working with other banks on a United Nations Environment Programme Finance Initiative (UNEP FI) pilot project to implement the recommendations and strengthen disclosures of climate-related risks and opportunities within the financial industry, as outlined in greater detail in this report. In future reports, Citi plans to expand our reporting on TCFD recommen- dations based on the results of this pilot. The table on this page indicates where readers can find infor- mation that addresses the TCFD requirements, either in this report or other publicly available documents. DISCLOSURE CITI’S RESPONSE STRATEGY a) Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term. Environmental and Social Risk Management Citi’s Sustainable Progress Strategy Citi’s Environmental and Social Policy Framework b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning. Environmental and Social Risk Management Citi’s Sustainable Progress Strategy Citi’s Environmental and Social Policy Framework c) Describe the resilience of the organization’s strategy, taking into consideration different future climate scenarios, including a 2°C or lower scenario. Citi, along with 16 other financial institutions, is working with the UNEP FI on a pilot project to implement the recommendations. The pilot project is part of our journey to incorporate climate scenario analysis into our strategy and reporting. METRICS AND TARGETS a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. Environmental and Social Risk Management > Our ESRM Policy Operations and Supply Chain > 2020 Goals Environmental Finance b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas emissions, and the related risks. Operations and Supply Chain > Environmental Performance for Operations Operations and Supply Chain > Environmental Impact Report c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. Operations and Supply Chain > 2020 Goals Operations and Supply Chain > Responsible Sourcing Operations and Supply Chain > Environmental Performance for Operations GOVERNANCE a) Describe the Board’s oversight of climate- related risks and opportunities. Citizenship Approach > Citizenship Governance at Citi Nomination, Governance and Public Affairs Charter, page 4 b) Describe management’s role in assessing and managing climate-related risks and opportunities. Citizenship Approach > Citizenship and Sustainability Governance RISK MANAGEMENT a) Describe the organization’s processes for identifying and assessing climate-related risks. Environmental and Social Risk Management Citi’s Sustainable Progress Strategy Citi’s Environmental and Social Policy Framework b) Describe the organization’s processes for managing climate-related risks. Environmental and Social Risk Management Operations and Supply Chain Citi’s Sustainable Progress Strategy Citi’s Environmental and Social Policy Framework c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management. Environmental and Social Risk Management 2017 10-K pages 79 and 304 Citi’s Environmental and Social Policy Framework Citi 2017 Global Citizenship Report 131 CONTENTS    INTRODUCTION    HOW WE DO BUSINESS    SOLUTIONS FOR IMPACT    APPENDICES Scorecard    GRI Index    TCFD Index     UN Global Compact Index    UN Guiding Principles Index    Assurance