Citi and the Citi Foundation announced more than $1 billion in strategic initiatives designed to help close the racial wealth gap and promote inclusive economic growth in the United States.
Citi’s Action for Racial Equity is a new company-wide commitment to deliver on four key business goals:
- Provide greater access to banking and credit in communities of color;
- Increase investment in Black-owned businesses;
- Expand homeownership among Black households; and
- Advance anti-racist practices in the financial services industry
Our partnership with you, and other organizations like yours, have shaped our thinking as individuals and business leaders and prepared our institution to take a thorough look at how we deploy our core business capabilities to advance racial equity. Thank you for your influence and impact.
For us, the most important takeaway from Action for Racial Equity is that our efforts must be more than financial commitments. Advancing racial equity in the U.S. requires a more intentional focus on systemic racism faced by communities of color and the resolve to be anti-racist. We’re proud of the energy and commitment that Citi colleagues from across our businesses have mobilized to drive these initiatives. We hope that this announcement encourages other companies to take a thoughtful look at how they can leverage their business resources and take action to advance racial equity.
You can learn more at citigroup.com/racialequity, and join the conversation on Twitter & LinkedIn.