ESG at Citi Sustainable Finance Climate Risk & Net Zero Sustainable Operations Building Equitable & Resilient Communities Talent & DEI Responsible Business Appendices Our $1 Trillion Goal Financing the Low-Carbon Transition Financing Social Impact Food Security Affordable Basic Infrastructure, Economic Inclusion, Education, Diversity & Equity, and Improving Livelihoods for Nigeria’s Smallholder Farmers Diversity & Equity Economic Inclusion Supporting Digital Connectivity and Supporting Education in Peru OUR ROLE Financed Babban Gona’s procurement of agricultural inputs Financial Inclusion in Mexico for on-lending to smallholder farmers OUR ROLE Financing to support the construction OUR ROLE Lender of schools More farmers in northern than 40,000 Nigeria supported students are directly supported Supports access to smartphones for more than Nearly3,000 low-income people in in accessing education Babban Gona, which means Great Farm in the Hausa language, is a 485,000 mission-driven agricultural services company that seeks to create Mexico, more than 43% opportunities for underemployed young people through jobs and of whom are are girls training in agriculture — opportunities that have helped to support 48%women stability in rural communities. Citi extended $10 million in financing to To help increase access to high-quality education, Babban Gona to support agricultural inputs credit and harvest advances For the majority of consumers in emerging markets, the cost of smart- Citi loaned $20 million to Innova Schools to build 4,5 to smallholder farmers in northern Nigeria. phones is prohibitive. All too often, this means smartphones, and the and renovate schools in Peru. The loan is part of Scaling Enterprise, a Citi partnership with the U.S. economic benefits they provide, are out of reach. The fintech company Innova Schools has 63 schools in 17 cities in Peru, International Development Finance Corporation and the Ford Foundation PayJoy enables individuals with limited credit history to access smart- serving approximately 50,000 students. Our loan that enables early-stage financing in local currency to companies that phones, while paying in installments and building their formal credit is expected to enable Innova Schools to bring expand access to products and services for low-income communities in record. In 2022, Citi extended $100 million in financing to PayJoy to help high-quality services to nearly 3,000 additional 6 emerging markets. By increasing lending to Babban Gona’s smallholder increase digital connectivity and financial inclusion for underserved students, especially those from the emerging farmers, our financing is expected to enable them to increase their people in Mexico. This builds on Citi Ventures’ 2021 venture capital 7 middle class. farming income by an average of 200% per hectare. investment in PayJoy. 4 Babban Gona website, accessed January 2023, https://babbangona.com/. 5 “Citibank Partners [with] Babban Gona to Provide Support [for] Over 40,000 Smallholder Farmers,” Babban Gona, accessed January 2023, https://babbangona.com/citibank-partners-babban-gona-to-support-over-40000-smallholder-farmers/. 6 “Citi, OPIC and Ford Foundation Launch Scaling Enterprise, a $100 Million Financing Partnership to Support Social Enterprises,” (Oct. 23, 2019), Citi, https://www.citigroup.com/global/news/press-release/2019/citi-opic-and-ford-foundation-launch-scaling-enterprise-a-100-million- financing-partnership-to-support-social-enterprises. 7 “Citi Loans US$20 Million to Innova Schools to Fund Quality Affordable Education in Peru,” (Dec. 4, 2022), Citi, https://www.citigroup.com/global/news/press-release/2022/citi-loans-us-20-million-to-innova-schools-to-fund-quality-affordable-education-in-peru. Citi 2022 ESG Report Page 19