PDF Version Interactive PDF PDF GRI Index PDF UNGC COP XBRL Financial Statements. Our efforts were complemented by more than $2 million in contributions from our colleagues, which was matched by Citi for an additional $2 million through an employee donation program. Last year many companies around the world launched new sustainability initiatives. In 2020, in a first-of-its-kind partnership, Citibanamex teamed with PepsiCo Alimentos Mexico and Amigo PAQ to advance financial inclusion by enabling access to digital financial tools and lines of credit for shopkeepers to use the CoDi electronic payment platform, offered by Banco de Mxico, in the Transfer Citibanamex app. Copyright 2011 Unipower Transmission Pvt Ltd. All Rights Reserved. CEMEX was also present at the SDG Investment Forum organized by the UNGCs CFO Coalition. CEMEXs core purpose is to build a better, more sustainable, future, said Fernando A. Gonzlez. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. This will remove one of the many worries that we all have had when we were introducing our true selves to the world.". In 2020, Citi entered into an alliance with BlackRock, through its Aladdin business, to enhance the delivery of securities services to Citi's clients who use the Aladdin end-to-end investment management platform. +52 (81) 8259-6666 By the end of 2020, Citi and Citi Foundation had committed more than $100 million in support of COVID-19-related community relief and economic recovery efforts globally. All Citi common stock certificates issued prior to that date must be exchanged for new certificates by contacting Computershare at the address noted above. And because we take seriously our responsibility to the communities we serve, we have supported front-line health workers and deployed other resources to those who desperately need help. The correlation between where we made loans and the hardest-hit sectors occurred across each state where we had a significant number of PPP loans. In September, our team led the initial public offering for the enterprise software company Snowflake, which returned 100% to investors while creating a new $65 billion market cap company. That meant dramatically scaling up our capabilities to ensure we were ready to support a government-led response. Browse and download our quarterly and annual reports, presentations and other relevant operating and financial information. With Instant Payments becoming a new norm, enabling our clients to disrupt their business model and shift toward a 24/7, always-on environment, we continue to invest in building a globally consistent Instant Payments proposition, having launched the capability in six additional markets in 2020, taking our global presence to 26 markets. From there, the Citi Innovation Lab in Tel Aviv developed Proxymity into a market-ready offering in less than two years using a Lean team model and rapid, agile development. As of December 31, 2020, Citi had assisted more than 5 million customers and small businesses worldwide with a range of assistance measures, including fee waivers and deferral of credit card minimum payments. In the midst of the global pandemic, we launched our new 2025 Sustainable Progress Strategy to address another global crisis: climate change. As part of our racial equity efforts, we allocated an additional $50 million to the Citi Impact Fund to exclusively support Black entrepreneurs. 2020 was a year that tested Citi like never before. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do. A seamless, self-service mobile application journey, coupled with data-enabled real-time triggers, helped meet customers' borrowing needs, with lending volumes in the mobile app up 67% despite a challenging environment. We have made it a priority to foster a culture of inclusion where the best people want to work, where people are promoted on their merits, where we value and demand respect for others, and where opportunities to develop are widely available to all. As of the end of 2020, we achieved our goal of sourcing 100% renewable electricity to power our facilities globally, along with our third set of operational footprint goals. For more than two decades, Citi has led the industry's drive toward sustainability. +52 (81) 8888-4327 CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. Our financial performance improved steadily as we became a simpler, smaller, safer and stronger institution. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. (Photo credit: David Baker Architects). Citi's Return on Assets increased from 39 bps to 98 bps. Michael L. Corbat
The initiative was designed to contribute to a fast economic recovery and to create a more resilient society, as well as to reduce structural societal inequalities exacerbated by such crises. As part of the program, participants' managers engage in group coaching to help them support their Black direct reports and better understand their experiences. By serving these companies, we help them grow, creating jobs and economic value at home and in communities worldwide. In Mexico, Citibanamex is one of the leading and historically significant financial
The new Term Loan, which is denominated exclusively in Euros, has nearly identical terms and conditions to those in the Credit Agreement dated October 29, 2021, including guarantor structure, financial covenants and a parallel interest rate margin grid. In the U.S., as part of the Small Business Administration's Paycheck Protection Program (PPP), Citi funded more than $3 billion to U.S. small businesses, many in the areas hardest hit by COVID-19. In October 2020, in support of U.S.- based suppliers affected by COVID-19, we worked with the U.S. EXIM Bank to create facilities, including the guarantee of a $500 million facility by EXIM that allows Citi to finance accounts receivable from The Boeing Company to its U.S.-based suppliers. Joining the Aladdin Provider network will allow Citi to optimize our operating model to support not only BlackRock's asset management business but to provide an enhanced level of service to members of the broader Aladdin community. In fact, Citi's top sectors served - again based on total number of employees at the businesses that received loans - mirrored the hardest-hit sectors in the states where we funded the most loans. *The Highlander Solar Facility is also known as Spotsylvania Solar Energy Center. Using this website means you are okay with this. [1]Target aligned with SBTi Well Below 2C Scenario. I'm proud to say we have done that, by every measure. Amid a global health crisis that has created so much economic and social upheaval, Citi's efforts to tackle long-standing societal challenges have become even more important. If you have any questions regarding investing with CEMEX, this is the place. +1 (212) 317-6011 Markets and Securities Services relies on global breadth and product depth to provide an enhanced client experience. Getzville, NY 14068, Information about Citi, including quarterly earnings releases and filings with the U.S. Securities and Exchange Commission, can be accessed via Citi's website at www.citigroup.com. Representatives from all countries and regions were also active participants in this effort, given our bottom-up approach to define our commitments with all of our business units accountable for contributing to the global goals achievement. Because Citigroup's common stock is listed on the NYSE, the Chief Executive Officer is required to make an annual certification to the NYSE stating that he was not aware of any violation by Citigroup of the corporate governance listing standards of the NYSE. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. This is an ambitious target that represents a commitment two-and-ahalf times larger than our prior goal, and which we aim to achieve in half the time. Showing how far Citi has come since the financial crisis, in 2020 - the year of a pandemic - we had $3.5 billion more in Net Income, an 11 bps higher Return on Assets and 160 bps higher Return on Tangible Common Equity than we had in 2012. The Citi Plex Account is Citi's first-ever bundled checking and savings account solution. CEMEXs CEO, Fernando A. Gonzlez, participated in a CEO roundtable hosted by UN Secretary-General Antnio Guterres at the UNs New York City headquarters on Monday, Sept. 19. In a rapidly changing landscape, the GCB intensified its focus on three strategic priorities to position the franchise for long-term growth: winning in wealth management; leading in consumer payments and lending; and driving scale through digitization and partnerships. In Asia, card spending was down, but we saw strong performance in wealth management, with investment revenues at their highest level in a decade. Continuing to reduce our raw pay gap requires that we make progress on our representation goals - to increase representation at the Assistant Vice President (AVP) through Managing Director levels to at least 40% for women globally and 8% for Black employees in the U.S. by the end of 2021 - which we are committed to doing. Citi acted as a mandated lead arranger for a $704 million financing package to develop the Highlander Solar Facility* in Spotsylvania County, Virginia. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. We recently launched a firm-wide exercise where our 200+ leaders with representation goals on their scorecards are using data to understand where they have representation gaps in their hiring, promotions and retention. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. In 2020, Citi Retail Services announced private label and co-brand credit card agreements with two exciting new partners - Meijer and Wayfair. In the aftermath of the murder of George Floyd, we launched Action for Racial Equity, which encompasses $1 billion in strategic actions to help close the racial wealth gap and increase economic mobility in the U.S. Citi Public Sector Group worked closely with governments and the public sector to find liquidity alternatives and advised on the issuance of social bonds to support countries in the emerging markets throughout the pandemic. Citi's 2020 Form 10-K filed with the SEC, as well as other annual and quarterly reports, are available from Citi Document Services toll free at 877 936 2737 (outside the United States at 716 730 8055), by e-mailing a request to docserve@citi.com or by writing to: Citi Document Services
It was a year filled with immense pain and uncertainty but also courage and purpose - and we can take heart that even as it did its worst, the global pandemic has brought out the best in us. With $200 million to invest, it is the largest fund of its kind established by a bank with its own capital. I am excited to join with my colleagues in writing the next chapter.". Stockholder address changes and inquiries regarding stock transfers, dividend replacement, 1099-DIV reporting and lost securities for common and preferred stock should be directed to: Computershare
Citi has the scale and capability to finance and support the institutions - governments, corporations, nonprofits and aid organizations - that can contribute to the future that we want and the future that our communities deserve. In addition, drawing on Citi's global reach with physical presence in nearly 100 countries and territories and the capability to serve nearly 60 additional countries, Citi's Corporate Bank served as a critical partner to large multinationals in COVID-19-affected industries throughout 2020, providing new lines of credit and shoring up balance sheets for many blue chip corporations. In this capacity, a team consisting of more than two dozen senior bankers across multiple business units, spearheaded by the Public Sector Group, is providing Gavi with expert advice on structures to mitigate sovereign, credit and operational risk as the COVAX Facility seeks to facilitate pooled procurement and equitable distribution of safe and effective COVID-19 vaccines globally. Citi's Efficiency Ratio improved from 72.0% to 56.5%. Shares Fall After Berenberg Bank Downgrade, Chief Executive Officer & Non-Independent Director, CFO, Executive VP-Finance & Administration. Citi has been a leader in climate assessment and disclosure in alignment with the Task Force on Climate-related Financial Disclosures recommendations and released our second comprehensive report in December 2020 detailing our progress. Combined, UEP Penonom II and Tecnisol are the largest non-conventional renewable energy producers in Panama and one of the largest diversified clean power companies in Central America. In Wealth Management, we continued to enhance our capabilities and invest in our offerings and digital tools to meet a wider spectrum of customer needs. The company is driving circular construction as a world leader in recycling to build more with less. Search Here . ; Career Impact: Build clarity, confidence, and connections.Focus on your goals, reflect on your career, absorb knowledge, and enrich your life. de C.V., Q3 2022 Earnings Call, Oct 27, 2022, Cemex B De C : REPORTS 13% TOP LINE GROWTH DRIVEN BY STRONG PRICING - Form 6-K. CEMEX, S.A.B. Looking back at my time as CEO, I could not be more proud of what our firm has achieved. View the 2022 Third Quarter Results (PDF), This website uses cookies to deliver you a better experience. [6]2030 KPI targets are annual targets. Our global expertise means that we continue to be the first call for many of the most significant financial transactions and activities. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from CEMEX's expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEX's other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to the transaction described in this release not producing the expected benefits and/or results. Leadership in Extraordinary Times From moments of opportunity to times of adversity, the SEP approach to executive education equips modern leaders to guide their organizations through any and every challenge. A great place to start your Stanford story is at an admissions event.These virtual or in-person events will show you in more detail how Stanford GSB can transform your life and career. Vitro | 38,177 followers on LinkedIn. CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. The initiative underscores our determination to mobilize the full power of our business activities to attack the barriers that keep racially diverse communities from building wealth. Action for Racial Equity represents an unprecedented effort to leverage Citi's core business capabilities and the Citi Foundation's philanthropic efforts to change the way we operate and drive systemic change. Welcome to the Moss School of Construction, Infrastructure and Sustainability at Florida International University. Digital Onboarding enabled clients around the world to set up accounts using eSignatures and overcome major obstacles due to the pandemic. In October, Citi was proud to announce a new initiative offering transgender and non-binary people the ability to use their chosen name on eligible credit cards. Central to addressing regulators' concerns is improving Citi's risk and control environment, which will be essential to the new digital landscape. I leave Citi perhaps proudest of the fact that it is again an indisputably strong and stable institution - and an institution our colleagues are proud of which to be a part. For more than two decades, Citi has led the industry's drive toward sustainability. The pandemic will irrevocably change many things about banking, and we must embrace this opportunity to achieve a state of excellence in our risk and controls, our infrastructure and our ability to serve our clients. An alphabetic list of terms and definitions specific to financial and industry topics. Please check our, Code of Conduct when doing business with us, 2016 Financial Statements XBRL Version (Zip), 2015 Financial Statements XBRL Version (Zip), 2014 Financial Statements XBRL Version (Zip), Our Performance in Detail (key Indicators), 2013 Financial Statements XBRL Version (Zip). Citi's Global Consumer Bank (GCB) is a global leader in banking and wealth management, the world's largest credit card issuer and a partner of choice globally to the world's most iconic brands and digital leaders. End-of-day quote Mexican Stock Exchange With the industry's most comprehensive suite of digitally enabled platforms, tools and analytics, TTS leads the way in delivering innovative and tailored solutions to clients. In the first two years of the program, 150 Black colleagues have been a part of the program, participating in coaching and discussion on topics such as developing one's personal brand, networking and taking career risks. Customer Delight has always been our top priority and driving force. The issuance environment was very dynamic, with a rush to source liquidity during the first three months of the pandemic, turning to a more opportunistic and acquisition financing environment as the year progressed with markets steadily improving and ultimately rallying by year end. 2020 was the Citi Velocity platform's strongest year since its 2011 launch. You will find everything you need to know to successfully submit an application (plus a few tips from the Admission Office and former students). Using this website means you are okay with this. Weve seen significant progress on net zero commitments, including by Starbucks, Maersk, Cemex, Unilever, Amazon, Apple, Google, and Stripe. The response has been tremendous to date, with thousands of customers updating their cards with their chosen first name and feedback from customers such as the following: "I wish that there had been something like this when I began my transition. Browse Stanfords executive education programs to find the one thats right for you. This figure does not represent the actual number of beneficial owners of common stock because shares are frequently held in "street name" by securities dealers and others for the benefit of individual owners who may vote the shares. We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. That's great progress but make no mistake: It was rooted in the hard work we put in during the years leading up to 2020. Clients enjoy a highly customized experience, with access to a comprehensive range of products and services spanning investments, banking, lending, custody, wealth planning, real estate, art, aircraft finance and lending, and more. Our vertically integrated portfolio of cement, aggregates, and ready-mix concretetailored to each markets needsprovides us with the opportunity to manage our assets as one integrated business rather than as distinct businesses, further improving our Today, Citi is the consumer credit card provider to half of the top 10 U.S. ecommerce companies. First Quarter. Our new strategy also builds on our 20 years of experience measuring and reducing the environmental footprint of our own facilities and operations. Our social innovation curriculum is part of a holistic social-innovation learning model that builds off of the management core curriculum and leverages academic frameworks, students and professionals experiences, and hands-on discovery. With more than a decade of experience and expertise in the field of power transmission, we have been successfully rendering our services to meet the various needs of our customers. Similarly, we introduced relevant accelerators to the Citi Premier Card, including increased rewards for supermarket and restaurant purchases, including takeout and curbside pickup.
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