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. We have defined a new set of ambitions with a 2030 vision that strengthens our commitment to building a better world and helping to alleviate some of the most significant challenges communities face today. Mller Mrsk, Enel and Natura &Co) pdf: English: 18 Sep 2020: Show More Investing with Purpose is what we call our approach to sustainable and impactful investing. Sessions this year covered vital topics that include sustainable investing, advances in family healthcare practices, future of energy and the building of resilient families. In billions of dollars, except per-share amounts, ratios and direct staff. 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. Despite the tumultuous impacts of the pandemic, we turned in solid financial results during 2020. Citigroup common stock is listed on the NYSE under the ticker symbol "C." Citigroup preferred stock Series J and K are also listed on the NYSE. 781 575 4555 When shelter-at-home orders were issued last March by governments around the globe, we undertook a massive effort to keep our employees safe while serving our clients seamlessly. 100% of the electricity used to manufacture McCoy is Green-e certified renewable energy. This includes multinationals that are expanding globally, particularly in the emerging markets, and emerging markets companies that are growing beyond their home market or region. We support 90% of Global Fortune 500 companies in their daily operations, helping them to hire, grow and succeed. Citi is a global leader in payments, with 132 million accounts and $505 billion in annual purchase sales, and has unrivaled partnerships with premier brands across Citi Branded Cards and Citi Retail Services. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. 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. As markets improved, Citi helped countless clients achieve record-low coupons. KPTCL, BESCOM, MESCOM, CESC, GESCOM, HESCOM etc are just some of the clients we are proud to be associated with. This implies managing risks and opportunities and coordinating environmental, social, and financial demands relying on a solid governance framework. Citi acted as sole global coordinator and bookrunner on UEP Penonom II's inaugural $262.7 million 144A/Reg S Green Notes offering in December, which refinanced initial construction financing for InterEnergy Group's 215-megawatt UEP Penonom II wind project and its 40-megawatt Tecnisol solar project in Panama. In Asia, investment revenues were the highest in a decade, with record net new money driven by steadfast client engagement, remote advisory services and accelerated client adoption of digital platforms throughout the pandemic. 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. 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 Since the onset of COVID-19, the percentage of Retail Bank accounts opened digitally has risen to nearly 60% globally as has the use of mobile check deposits in the U.S. At year end, the business had $345 billion in deposits, $282 billion in loans and $222 billion in assets under management. Citi was left lead underwriter for both Dragoneer SPAC offerings for a combined total of $966 million and sole underwriter for the first ESG-linked SPAC in May. In 2020 it was ranked as the 5th largest cement company (by amount of cement produced) in the world, at 87.09 million tonnes. About the Sustainability Research Conference Series Louisville, KY 40233-5004 Fewer than 50% of Africans have access to modern health facilities. We educate insightful leaders of social and environmental change. We were one of the first banks in the U.S. to announce consumer assistance programs for our credit card and mortgage customers. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. "Citi is an incredible institution with a proud history and a bright future. By building a fairer, more inclusive and more sustainable economy, we all benefit - our company, our clients and customers, and the communities we serve. These forward-looking statements reflect CEMEX's current expectations and projections about future events based on CEMEX's knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX's current plans based on such facts and circumstances. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. To tell them, we created a video series with stories that span the country, found on the Citi Blog under "A Moving Year in Moving Pictures: A Small Business Video Series. With a recent survey by the National Center for Transgender Equality showing that one-third of transgender people reported suffering harassment or denial of service after showing ID with a name or gender marker that didn't match their appearance, the initiative is a step toward helping customers feel recognized, accepted and empowered to be their true selves. We also launched the Direct Private Investments business to identify opportunities for family offices and private investment company clients to actively invest in direct private deals. The core of our new five-year strategy consists of a commitment to finance and facilitate $250 billion in environmental projects and activities. Another key aspect of enabling this transition is measuring, managing and reducing the climate risk and impact of our client portfolio, which is a key pillar of our 2025 Sustainable Progress Strategy. When completed, it will be the largest solar project in the eastern U.S., totaling 485 megawatts of power with alternating current of renewable power. Michael L. Corbat We will continue to focus on helping our clients across all sectors in their transition, no matter where they are in their sustainability journey, to shift to more sustainable business models and practices that will advance our progress toward a low-carbon economy. The Citi Plex Account is Citi's first-ever bundled checking and savings account solution. Global environmental change (the combined effects of land use change, over-exploitation, biotic and abiotic pollution, and climate change) is having a disproportionately stronger impact on the sectors of society that present the least threat to life-supporting systems. 1998 Sustainability Development Report. Previously the company had been projecting low-to-mid single-digit Ebitda growth for this year. Abayomi Ajayi, obstetrician and gynecologist: Access is still the greatest challenge to health care delivery in Africa. The Notes' unique structure successfully monetized a five-year merchant tail post expiry of the power purchase agreements, thereby optimizing the projects' capital structure and operational flexibility, supported by their priority of dispatch as non-conventional renewables. Four years ago, Citi was the first bank to disclose our adjusted pay results, and the following year we became one of the first companies to disclose our unadjusted or "raw" pay gap for both women and U.S. minorities. Climate Science; Climate-smart, Climate-adaptive Infrastructure Systems; Corporate Carbon Disclosures; Energy Science and Engineering; Environmental Justice; Finance; Frontiers in Coupled Human-Natural Systems; Geological Sciences; Harnessing Data and Tech for Ocean Health; Marketing Shares Fall After Berenberg Bank Downgrade, Chief Executive Officer & Non-Independent Director, CFO, Executive VP-Finance & Administration. 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. For our part, we're continuing to innovate how we recruit and develop talent and use data more effectively to help us increase diversity at more senior levels at Citi. -, Mexico's Cemex to Assist Construction Technology Startups, CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach, CEMEX, S.A.B. In the U.S., we launched Citi Wealth Builder, an easy-to-use, low-cost digital investment platform targeted to Citi Priority (emerging affluent) and Citigold (affluent) clients, and introduced Citigold Private Client, a value proposition for clients with a minimum of $1 million in assets under management. From 2015 through 2019, we returned nearly $75 billion to our common shareholders while also reducing our share count by 30%. As of January 31, 2021, Citigroup had approximately 63,632 common stockholders of record. We also partner with third-party asset managers to deliver relevant themes and strategies. With $200 million to invest, it is the largest fund of its kind established by a bank with its own capital. Renewable energy generated by the facility will help blue chip technology companies, including Microsoft and Apple, with the significant electric load requirements of their data centers while advancing their corporate sustainability and climate change goals. These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. The Institutional Clients Group strives to be the best banking partner for our clients by offering a broad spectrum of wholesale banking products and services, driven by our unique global footprint. 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. 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. Through our participation in the Small Business Administration's Paycheck Protection Program, one of the largest federal lending programs in history, we are proud to have served so many of our small business customers where and when they needed it most. In July 2007, Wimpey merged with Taylor Woodrow to create Taylor Wimpey.Wimpey was first listed on the Designed to enhance a visitor's connectivity to nature, the Citi Wealth Hub embodies biophilic design and is LEED certified. Though Citi historically has not been a large lender to small businesses, by year end we funded loans totaling $3.8 billion as part of the U.S. Small Business Administrations Paycheck Protection Program and donated $50 million in proceeds from the program to support community economic recovery efforts. The partnership is poised to redefine the way in which collections What types of sustainability are there? Our distinctive approach puts the client at the center of everything we do. The Citi Plex Account is a new digital checking and savings account built to make managing money simpler, smarter, safer and more rewarding, with financial wellness and mobile functionality at the core of the design. The platform saw mobile growth soar 57%, while the number of unique client users grew 9%. 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. Our relationship banking model serves clients across the full spectrum of their needs as they borrow, pay, save, invest and protect and is supported by global assets and capabilities that are deployed locally. Looking ahead, we've launched our next set of goals focused on greenhouse gas emissions, energy, water and waste reduction targets and sustainable building solutions. E-mail address: shareholder@computershare.com 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. Sustainability at CEMEX. The MarketWatch News Department was not involved in the creation of this content. 1 Please see Key Capital Metrics on page 4. Browse and download our quarterly and annual reports, presentations and other relevant operating and financial information. de C.V. Launches Startup Accelerator to Strengthen Its Open Innovation Approach. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Connecting to Aladdin Provider, Citi will provide outsourced middle-office services directly on a client's instance of Aladdin for seamless integration with the front office, from trade confirmation to post-settlement reconciliation. In 2020, we earned $11 billion of net income on revenues of $74 billion despite the roughly $10 billion increase we took in credit reserves as a result of the pandemic and the impact of current expected credit losses. With extensive user experience and account management features powered by Google, the Citi Plex Account is designed to integrate seamlessly within Google Pay to deliver a richness of insights and capabilities to empower consumers with a simple, convenient and personal banking experience. 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. Proxymity also offers a shareholder disclosure platform that automates shareholder ID requests and eliminates the need for any manual handling. In addition to embedding this work across Citi, we're continuing to focus on industry collaboration to adopt new methodologies and analyze the climate risk associated with our client portfolio, such as the Paris Agreement Capital Transition Assessment and the Partnership for Carbon Accounting Financials. Climate Science; Climate-smart, Climate-adaptive Infrastructure Systems; Corporate Carbon Disclosures; Energy Science and Engineering; Environmental Justice; Finance; Frontiers in Coupled Human-Natural Systems; Geological Sciences; Harnessing Data and Tech for Ocean Health; Marketing 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. Most notably among 2020 SPACs was the $4.0 billion blank check company sponsored by Pershing Square Capital Management whereby Citi served as left lead on the transaction. With a high-quality, highly digitally engaged customer base and one of the most dynamic partner ecosystems in the industry, the franchise is well positioned for where the world is headed. As part of our racial equity efforts, we allocated an additional $50 million to the Citi Impact Fund to exclusively support Black entrepreneurs. View the 2022 Third Quarter Results (PDF), This website uses cookies to deliver you a better experience. In addition to the distinction of being overall share leader, Citi ranked #1 in Overall Quality, Sales Quality, Trading Quality and e-Trading market penetration. Statistics. The field of finance covers the economics of claims on resources. CEMEXs core purpose is to build a better, more sustainable, future, said Fernando A. Gonzlez. We protect people's savings and help them make the purchases - from everyday transactions to buying a home - that improve the quality of their lives. 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. Services enable all economic sectors - from healthcare to manufacturing to agriculture - to be more productive, reach more consumers, and, ultimately, contribute to a better livelihood for Americans through job creation, higher wages and greater opportunities. We launched assistance programs in markets worldwide, the first large bank to do so in the U.S., while also facilitating free cashing of U.S. government stimulus checks for non-customers. Citi served as a financial advisor to S&P Global on its announced merger with IHS Markit, an all-stock transaction implying an enterprise value for IHS Markit of $44 billion. Citi was sole financial advisor to Telefica on its joint venture with Liberty Global for its U.K. businesses (O2 and Virgin Media), valued at $38 billion. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. 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. Treasury and Trade Solutions (TTS) provides integrated cash management, working capital and trade finance solutions to multinational corporations, financial institutions and public sector organizations around the globe. Citi advised Unilever on its transformational restructuring to create a simpler company with greater strategic flexibility and better positioning for future success. jorgeluis.perez@cemex.com, Analyst and Investor Relations Since 2007, Citi provided more than $1 billion in financial inclusion lending and supported nearly 4 million unbanked and underbanked small businesses in emerging markets, 3.5 million of which are owned by female entrepreneurs. Through our business, we address some of society's greatest challenges - an imperative stated in our mission and an idea that shapes our decisions every day. 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. de C.V. (CEMEX) announced today that it is reaffirming its commitment to the United Nations Sustainable Development Goals (SDGs), par Dedicating ourselves to these relationships and ensuring our client experience stands above all else, we leverage the breadth of our unmatched global network to provide debt capital raising, equity-related strategic financing, and merger and acquisition solutions, as well as issuer services. Looking back at my time as CEO, I could not be more proud of what our firm has achieved. Center for Entrepreneurial Studies created search fund primer to answer frequently asked questions. Not only is Citi an active advocate for LGBTQ+ equality - most recently signing an amicus brief urging the Supreme Court to prohibit workplace discrimination on the basis of sexual orientation and gender identity in the U.S. and a letter to the Prime Minister advocating for trans equality in the U.K. - but we are committed to helping create an equitable and inclusive culture where we all recognize and respect how our identity affects our experiences. Initiative on Business and Environmental Sustainability. Financial Inclusion and Access to Capital. 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. Prudent decisions we made in the wake of the last crisis have proved their full value in this one. Consumers will open and manage these accounts through the Google Pay app on both Android and iOS. For the components of the TBV calculation, see "Capital Resources - Tangible Common Equity, Book Value per Share, Tangible Book Value per Share and Returns on Equity" in Citi's 2020 Annual Report on Form 10-K included with this letter. Innovation remains at the forefront of our business, with the recent expansion of our Grab partnership that allows customers to obtain personal loans on the Grab app via application programming interfaces (API). As calls for racial justice intensified across the U.S., Citi launched Action for Racial Equity - a firm-wide commitment that includes more than $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility. Our digital transformation accelerated in 2020 with increased momentum in client engagement and digital adoption as evidenced by strong growth in CitiDirect BE users, API volumes and digital account openings.
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