Shareholders Charge Citibank with Exacerbating the COVID-19 Crisis and Fueling Climate Change, at Annual Meeting

NEWS ADVISORY

FOR IMMEDIATE RELEASE

CONTACT: Alexis Iwanisziw, (908) 517-3547, alexis@neweconomynyc.org

SHAREHOLDERS TO CHARGE CITIBANK WITH EXACERBATING THE COVID-19 CRISIS AND FUELING CLIMATE CHANGE, AT ANNUAL MEETING

Groups to Present Strongly-Worded Resolution Calling on Bank to Disclose Lobbying Spending, as Urgent Matter of Public Health and Climate Justice

At Citigroup’s “2020 Annual Stockholders’ Meeting” today, New Economy Project will confront Citi executives about the bank’s undisclosed funding of corporate lobbying by the U.S. Chamber of Commerce and other industry associations. The group will challenge Citi for supporting destructive lobbying agendas that further jeopardize public health during the COVID-19 crisis and that fuel climate change – directly contradicting Citi’s public statements in these areas and harming frontline communities, in particular.

The group will present its shareholder proposal – filed with two UK pension funds and a social investment fund managed by an order of nuns – calling on Citi to immediately and fully disclose its spending on direct and indirect lobbying at federal, state, and local levels.

WHERE: Citigroup 2020 Annual Stockholders’ Virtual Meeting

WHEN: April 21, 2020 at 10:00am

WHAT: New Economy Project will present a shareholder proposal (#7 on Citi’s annual proxy statement) urging Citi to fully disclose all lobbying spending, and will confront Citi executives about the bank’s role in the COVID-19 and climate crises. New Economy Project filed the shareholder proposal with School Sisters of Notre Dame Cooperative Investment Fund, LGPS Central Limited, and Greater Manchester Pension Fund.

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