ESG at Citi Sustainable Finance Climate Risk & Net Zero Sustainable Operations Building Equitable & Resilient Communities Talent & DEI Responsible Business Appendices Our Net Zero Commitment Our Approach to Managing Climate Risk Reducing Climate Risk in Our Financing • Expanded our Board of Directors’ oversight Our by incorporating oversight for our climate disclosure risk and controls environment Approach to into the charter for the Board of Directors’ Audit Committee and climate risk oversight into the charter for the Risk Management Managing Committee • Expanded our Climate Risk team and Climate Risk realigned it to be part of the Enterprise Risk Management Function • Expanded our Clean Energy Transitions team Our Risk Management function is responsible to include Corporate Banking for identifying, measuring, managing, controlling • Established a Head of Net Zero Operations and reporting risks to the company. Citi to provide leadership and expertise for our continues to view climate risk as a crosscutting net zero operations commitment risk under our Enterprise Risk Management Framework, which can manifest in each of the risk categories in our risk taxonomy: Credit, Market, Liquidity, Strategic, Operational, Climate Risk Training Compliance and Reputation. Achieving our goals and managing risk This year, we finished development of a Climate requires continual learning and development Risk Management Framework (CRMF), which in the climate space. In 2022, we launched will promote a globally consistent approach two climate-related training pilots for our to managing climate risk across Citi. We Banking, Capital Markets and Advisory; Risk are working to embed the CRMF into risk Management; and Global Functions teams. management processes across the bank, as well The training involved virtual and in-person workshops focused on providing founda- as relevant policies and standards. tional knowledge of sustainability, climate In 2022, our climate governance structure risks and assessment of client transition plans. For more information about our continued to evolve as we advanced our Net climate-related training, see our 2022 TCFD Zero Plan and made progress on our climate Report. goals. Highlights include the following: Citi 2022 ESG Report Page 30