Friday, 17 March 2023

Citi and the SDGs

SDGs stands for Sustainable Development Goals, which were implemented by United Nations in. 2015 and the aim is to achieve these goals by the end of 2030. There are 17 goals and 169 targets designed to guide. Citi joined with the UN and other members in 2019 to work towards the goals. They are as follows. 
 


The main aims of Citi includes “No poverty, Zero Hunger, Access to healthcare, education, clean water and clean energy, and gender equality”. It is noted that by 2030, at least $12trillion can be unlocked and can create over 380 million Jobs. – Business and Sustainable Development Commission.
 
Citi has divided SDGs into 7 main categories which focuses on the 7 SDGs. These as follows;
 
·       $100 Billion Environmental Finance Goal- This initiative will mainly focuses on the Goal 7 and Goal 13. Citi has plans to lend almost $100 billion towards creating solutions to the environmental changes.
 
·       Citi for Cities- It was noted that by the end of 2050, 70% of global population will be living in the cities. Citi will be providing finances to central governments and business to build the infrastructure. Goal 9 and Goal 11 will be achieved with this plan.
 
·       Pathways to Progress- During 2014 Citi has announced this programme, committing to boost over employability to over 100k young people in 10 major US cities.This plan will mainly focuses on the Goal 8
 
·       Inclusive Finance- This initiative will focus on the Goal 8 and Goal 9. Citi’s main aim is to provide finance to all, which includes increasing the access to small ventures. 
 
 
·       Women’s Economic Empowerment – Gender equality, Goal 5 will be achieved through this initiative. It is noted that  Citi’s main priorities are Diversity and Inclusion. The firm is promoting gender equality within the company.  
 
·       Open Innovation – Goal 9 will be the main focus of this initiative. Technologies are changing much faster that expected. Open innovation plan includes programs developed by Citi, for example; Citi Mobile Challenge, Data scientist challenge etc..
 
 
·       Partnerships- This initiative will mainly focuses on the Goal 17. Citi currently have partnered with many Governments, NGOs, academic institutions, to improve the above mentioned goals.
 
Thera are 17 interrelated goals to achieve a sustainable future by 2030. Citi has a role to play in all of them, with will be focusing on the above 7.
 

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