ESG at Citi Sustainable Finance Climate Risk & Net Zero Sustainable Operations Building Equitable & Resilient Communities Talent & DEI Responsible Business Appendices Action for Racial Equity Citi Impact Fund Strategic Philanthropy: The Citi Foundation Global Community Day Strategic Philanthropy: The Citi Foundation Through strategic grantmaking efforts, the Citi Foundation promotes economic progress in underserved communities around the world, focusing on programs that increase financial inclusion, catalyze job opportunities for youth and reimagine approaches to building economically vibrant communities. The Foundation takes a holistic, end-to-end approach to ensure the success of our grantees — from ideation to execution to evaluation and assessment, and post-investment support. In 2023, the Foundation introduced the Global Innovation Challenge, a refreshed operating model that continues to deliver on its mission while GLOBAL INNOVATION CHALLENGE: FOOD SECURITY increasing social impact. With this updated approach, the Foundation is The Citi Foundation announced its first-ever Global Innovation Engagements lasting evolving its operating model to become: Challenge to support community organizations around the • More innovative: Moving from traditional, long-term, direct-service grant world that are developing innovative solutions to improve food 2 relationships toward shorter-term funding of innovative ideas with the security. This inaugural challenge will provide a total of ability to catalyze change. $25 million to 50 organizations working to pilot or expand ideas years and projects designed to improve food security and strengthen • More equitable: Moving from invitation-based proposals to a challenge the financial health of low-income families and communities. model, where eligible organizations across the world have an opportunity The Foundation is prioritizing projects in four areas: to apply for funding through an open request for proposals (RFP). $500K • Access will be awarded to The Foundation’s first Global Innovation Challenge is focused on food each recipient security and strengthening the financial health of low-income families and • Availability communities. • Affordability • Resilience 50 Eligible organizations will be awarded grants based on the merits selected organizations of their ideas, and the open proposal process will enable new community organizations to become part of the Foundation’s grant portfolio. The Foundation will also offer post-award support to help ensure the success of these programs. Citi 2022 ESG Report Page 46