Is Citi ethical?

See "Citi says they will pay for workers to travel for abortions considering bans across several states", David Goldman, CNN, March 16, 2022

Citi says they will pay for workers to travel for abortions considering bans across several states

Citi says they will pay for workers to travel for abortions considering bans across several states – Catherwood Library

Citi will cover the travel costs of US-based staff members who have to travel outside of their home state in order to receive an abortion.

Citi will pay the travel costs of US staff forced to leave their home state to get an abortion

(Reuters) -Citigroup Inc has started covering travel expenses for employees who go out of state for abortions because of newly enacted restrictions in Texas and other places, becoming the first major U.S. bank to make that commitment.

Citigroup Inc. is starting to cover travel costs for employees seeking abortion after several states including Texas implemented or proposed a near-total ban on abortions.

Citigroup to cover expenses for staff who require travel to receive an abortion | Fortune

Citigroup is covering travel costs for employees seeking an abortion as states limit access

Citigroup has started covering travel expenses for employees who go out of state for abortions because of newly enacted restrictions in Texas and other places, becoming the first major US bank to make that commitment.

Citi to cover travel for staffers seeking abortions in other states

Banking giant Citigroup on Thursday said it will provide employees who live in states with restrictive reproductive health care laws with travel benefits to provide access to abortion clinics across the nation.

Citigroup is starting to cover travel costs for employees seeking abortion after several states including Texas implemented or proposed a near total ban on abortions.

Citi to cover staff travel for abortions as states limit access

Citigroup Inc., Match Group Inc. and Bumble Inc. stand out among publicly traded companies for helping cover travel costs for employees seeking abortions after several U.S. states implemented or proposed a near-total ban on the procedure.

But Insider found that Citi had donated about $285,000 to state legislators who sponsored trigger laws in four states and to governors who signed them into law in five states.

Following the passage of the Texas abortion law known as Senate Bill 8, Citi said it would cover travel costs, such as airfare and lodging, for US employees who must travel out of state to receive abortion care. It is the only such commitment on Wall Street to date.

Citigroup added the travel benefit decried by Republicans to its workplace offerings after several states enacted restrictive reproductive health care laws.

Although many companies have stood in opposition to abortion restrictions, Citi is among the first mega-corporations to add travel expenses to their suite of reproductive health benefits.

After a number of US states passed laws severely restricting access to abortions, Citigroup this week said it is providing employees with travel benefits to facilitate access to abortion clinics.

Citi’s new policy covers employees’ expenses when traveling to seek an abortion, including plane tickets and hotels, according to a person with knowledge of the matter.

We wish to express our deep concern about the US Senate’s contractual relationship with Citibank, a subsidiary of Citigroup, Inc. (Citi), following Citi’s recent announcement that it would pay for its employees to travel out of state for abortions.

(Citi), following Citi’s recent announcement that it would pay for its employees to travel out of state for abortions.

Citigroup Pays Expenses for Employees Who Travel Out of State for Abortions - Newsweek

Citigroup said it has started to cover travel expenses for employees who have to travel out of state to get an abortion.

(Reuters) -Citigroup Inc has started covering travel expenses for employees who go out of state for abortions because of newly enacted restrictions in Texas and other places, becoming the first major U.S. bank to make that commitment.

But Insider found that Citi had donated about $285,000 to state legislators who sponsored trigger laws in four states and to governors who signed them into law in five states.

But Insider found that Citi had donated about $285,000 to state legislators who sponsored trigger laws in four states and to governors who signed them into law in five states.

The report highlighted 765 businesses with top scores of 100 on the Corporate Equality Index, representing a 28% increase since last year. Some of the businesses include major names like Apple, Citigroup Inc., General Motors, LinkedIn, and Macy’s, as well as regional brands like Hannaford Supermarkets, which operates stores in New England and New York.

For example, Citi had already begun recognizing its employees’ same-sex partners as dependents and beneficiaries years before the US ruled same-sex marriages legal in all 50 states in 2015.

Citigroup offers spousal equivalency benefits to employees' same-sex partners and has enacted non-discrimination policies that are inclusive of sexual orientation and gender identity or expression.

WASHINGTON - The Human Rights Campaign announced today that Citigroup, the world's largest financial institution, has become a platinum level sponsor of HRC's mission of securing equal rights for gay, lesbian, bisexual and transgender Americans.

This conviction has been necessary in high-stakes moments, as Citi was criticized by some for rolling back its diversity, equity, and inclusion initiatives.

According to Forbes, Citigroup joins Pepsi, JPMorgan Chase, Morgan Stanley, Wells Fargo, Bank of America, Coca-Cola, Goldman Sachs, Disney, Deloitte, PBS, Google, Intel, PayPal, Chipotle, Comcast, General Motors, Amazon, Amtrak, The Smithsonian Institution, Target, Meta, and McDonald’s among other companies and government contracted entities to either walk back aspects of or end their prior commitments to diversity, equity and inclusion due to pressure from the Trump administration, many of whom committed multibillion-dollar pledges to assist in fostering diversity.

Citi maintains programs to help support eligible active servicemembers with benefits and protections, in accordance with applicable law. On Veterans Day, we announced improvements to our Veteran Affairs Loan Program to provide an even better offering for eligible military borrowers.

All six major US banks — JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo — have quit the Net Zero Banking Alliance, according to the new study from the Committee to Unleash Prosperity.

Bank of America, Citigroup Exit Climate Alliance As Trump Policies Shift Energy Priorities - Bank of Amer - Benzinga

"Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance", 31 December 2024

The Net-Zero Banking Alliance (NZBA), which once represented a important collective effort by global banks to align their operations with net-zero emissions by 2050, has experienced a significant pullback. Several major institutions, including Goldman Sachs, Wells Fargo, Morgan Stanley, Bank of America, Citigroup, and J.P.

ROCK ISLAND -- The Rock Island Police Department's Senior Police Volunteer Program recently received a donation of $1,000 from the Citigroup Foundation through their Volunteer Incentive Program.

Citigroup Drops Its Diversity Targets, Renames Its DEI Unit - Business Insider

·Citigroup’s state-level lobbying spending is likely significant, reportedly lobbying in 42 states.25 According to a 2017 study that looked at disclosures from the six states with the most robust reporting requirements, Citigroup spent $3,806,122 on lobbying between 2012 and 2015.26

·Citigroup lobbies abroad, reportedly spending between €700,000 – €799,000 on lobbying in Europe for 2019.28

·From 2010 – 2020, Citigroup reported spending $56,823,000 on federal lobbying.

For all of the reasons listed above, we believe that Citigroup’s current lobbying disclosures are inadequate to protect shareholder interests.