CEMEX, S.A.B. The field of finance covers the economics of claims on resources. Based on the belief that client experience is the driver of sustainable differentiation, TTS has focused its efforts on transforming its business to deliver a seamless, end-toend client experience through digital capabilities, client advocacy, network management and service delivery across the entire organization. In 2021, the Foundation announced an additional $25 million investment to support small businesses owned by people of color. We will continue to focus on helping our clients across all sectors in their transition, no matter where they are in their sustainability journey, to shift to more sustainable business models and practices that will advance our progress toward a low-carbon economy. Governance Our Model Net Value for Society Stakeholder Engagement Contribution to United Nations' SDGs Social Impact 2015 Sustainable Development Report. Similarly, Citi's PPP loans were concentrated in the markets where we have a branch footprint, including a high volume of loans in California, Florida, Illinois and New York, which were some of the states suffering most from the economic fallout. In everything we do, we emphasize personalized advice, competitive pricing and efficient execution. CEMEX reaffirmed its commitment to the UN Sustainable Development Goals. We hosted 1,850 webcasts that were attended by more than 100,000 clients, an increase of 200% year-over-year. At year-end 2020, card receivables were $153 billion. These capabilities create an obligation to act responsibly, do everything possible to create the best outcomes, and prudently manage risk. Last year, we completed two transactions under Scaling Enterprise, a partnership launched with the U.S. International Development Finance Corporation and the Ford Foundation in 2019, through which we provide early-stage financing to companies that expand access to products and services for low-income individuals in emerging markets. Today, eligible existing credit cardmembers are able to request new credit cards that display their chosen name. CEMEXs core purpose is to build a better, more sustainable, future, said Fernando A. Gonzlez. Center for Entrepreneurial Studies created search fund primer to answer frequently asked questions. Earlier this year CEMEX published its Green Financing Framework, which together with its Sustainability-Linked Framework align its corporate finance strategy to its sustainability commitments and support the financing of SDG-aligned investments in areas such as CO2 emissions reduction, clean electricity, energy efficiency, clean transportation, water management, air quality, circular economy, and waste management. -, Mexico's Cemex to Assist Construction Technology Startups, CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach, CEMEX, S.A.B. Renewable energy generated by the facility will help blue chip technology companies, including Microsoft and Apple, with the significant electric load requirements of their data centers while advancing their corporate sustainability and climate change goals. 781 575 4555 Coordinated by the Sustainability team, the process to define CEMEX 2030 Sustainability Ambitions involved collaboration of more than 10 corporate functions. "This new Term Loan represents a continuation in our journey to align the company's financing to our climate strategy while building on our longstanding banking relations," said CEMEX CFO Maher Al-Haffar. From there, the Citi Innovation Lab in Tel Aviv developed Proxymity into a market-ready offering in less than two years using a Lean team model and rapid, agile development. In Mexico, Citibanamex is one of the leading and historically significant financial Vitro | 38,177 followers on LinkedIn. Write to Anthony Harrup at anthony.harrup@wsj.com Using this website means you are okay with this. The issuance environment was very dynamic, with a rush to source liquidity during the first three months of the pandemic, turning to a more opportunistic and acquisition financing environment as the year progressed with markets steadily improving and ultimately rallying by year end. As of January 31, 2021, Citigroup had approximately 63,632 common stockholders of record. Additionally, we delivered to the market 83 live APIs that collectively reached 1 billion API calls since inception. The makeup of Citi's PPP loan portfolio demonstrates the great need that our small business services customers had for this critical lifeline. Once a niche topic for investors, Environmental, Social and Governance (ESG) performance today is an essential part of our firm-wide strategy - deeply integrated into our business - and we continue to evolve our approach to managing ESG issues and opportunities. Initiative on Business and Environmental Sustainability. Showing how far Citi has come since the financial crisis, in 2020 - the year of a pandemic - we had $3.5 billion more in Net Income, an 11 bps higher Return on Assets and 160 bps higher Return on Tangible Common Equity than we had in 2012. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Working together, we provide innovative solutions to corporations, financial institutions, public sector entities, investment managers and ultra-high net worth clients. View the 2022 Third Quarter Results (PDF), This website uses cookies to deliver you a better experience. Net profit earned through participation in the PPP was donated to the Citi Foundation to support community economic recovery efforts. In the aftermath of the murder of George Floyd, we launched Action for Racial Equity, which encompasses $1 billion in strategic actions to help close the racial wealth gap and increase economic mobility in the U.S. PDF Version First Quarter. We teamed up with World Central Kitchen, a nonprofit organization that uses the power of food to heal communities and strengthen economies in times of crisis and beyond, on a program to support hunger relief efforts during COVID-19 while further encouraging digital banking adoption among clients. In 2020, Citi Community Capital, the bank unit through which Citi works to finance all types of affordable housing and community development projects, reported more than $7 billion of lending to finance affordable rental housing projects. Climate Science; Climate-smart, Climate-adaptive Infrastructure Systems; Corporate Carbon Disclosures; Energy Science and Engineering; Environmental Justice; Finance; Frontiers in Coupled Human-Natural Systems; Geological Sciences; Harnessing Data and Tech for Ocean Health; Marketing More than 500 startups from 59 countries entered the challenge, and three winners were provided the opportunity to access mentoring and events, technology tools and acceleration services from the companies, including Citi, which supported the challenge. 100% of the electricity used to manufacture McCoy is Green-e certified renewable energy. Leadership in Extraordinary Times From moments of opportunity to times of adversity, the SEP approach to executive education equips modern leaders to guide their organizations through any and every challenge. Citi's Return on Assets increased from 39 bps to 98 bps. Through our business, we address some of society's greatest challenges - an imperative stated in our mission and an idea that shapes our decisions every day. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. As of December 31, 2020, Citi had assisted more than 5 million customers and small businesses worldwide with a range of assistance measures, including fee waivers and deferral of credit card minimum payments. Please check our, Code of Conduct when doing business with us, 2016 Financial Statements XBRL Version (Zip), 2015 Financial Statements XBRL Version (Zip), 2014 Financial Statements XBRL Version (Zip), Our Performance in Detail (key Indicators), 2013 Financial Statements XBRL Version (Zip). In the first two years of the program, 150 Black colleagues have been a part of the program, participating in coaching and discussion on topics such as developing one's personal brand, networking and taking career risks. We transitioned from restructuring the firm to investing in it and significantly improved our returns. In billions of dollars, except per-share amounts, ratios and direct staff. In just its first year, the Citi Impact Fund has invested in 11 companies, the majority of which are founded by women, minorities - and in some cases both - that have the potential to make our cities and communities more equitable and sustainable. This will remove one of the many worries that we all have had when we were introducing our true selves to the world.". The Term Loan was issued under CEMEX's Sustainability-linked Financing Framework (the "Framework"), increasing the amount of debt that is linked to the company's Future in Action strategy and its ultimate vision of a carbon-neutral economy. That way communities of color can build a stronger economic presence and progress toward a future that we can all believe in. KPTCL,BESCOM, MESCOM, CESC, GESCOM, HESCOM etc., in Karnataka. This transaction removes complexity and strengthens corporate governance by uniting its dual UK PLC and Dutch N.V. legal and listing structure resulting in a single parent company: Unilever PLC, which will have a market capitalization of approximately 110 billion. In October, Citi was proud to announce a new initiative offering transgender and non-binary people the ability to use their chosen name on eligible credit cards. Prudent decisions we made in the wake of the last crisis have proved their full value in this one. "The Citi Plex Account is designed to give customers an always-on, friction-free, personalized experience at their fingertips.". PDF Version Interactive PDF PDF GRI Index PDF UNGC COP XBRL Financial Statements. Sustainability is embedded in CEMEXs strategy, and thus, it is linked to all functions across our business lines. de C.V Price Target to $8.50 From $8, Maintains Buy Rating, Berenberg Bank Adjusts Price Target on Cemex to $4.70 From $5, Maintains Hold Rating, Cemex S.A.B. In a rapidly changing landscape, the GCB intensified its focus on three strategic priorities to position the franchise for long-term growth: winning in wealth management; leading in consumer payments and lending; and driving scale through digitization and partnerships. In addition, we introduced a temporary point-redemption option for U.S. cardholders by providing them with the choice to redeem cash rewards and ThankYou Points to pay the minimum due on their credit card. 2020 also brought a long overdue reckoning with systemic inequity and social injustice. "Together with our recent liability management exercise, this transaction allows CEMEX to take advantage of current market volatility to generate value for our shareholders.". The Executive Program for Nonprofit Leaders brings together leaders from social and human services, health care, community development, arts, environment and education organizations to further their professional development and build an enduring network. Nearly 100,000 Institutional Clients spread over almost 150 countries use Citi Velocity on a regular basis across all asset classes. The idea for Proxymity was formulated in 2017 by two Markets and Securities Services colleagues as a way for issuers to better communicate with investors. 2020 Citigroup Inc. All rights reserved. Citi Velocity, Citi's #1 ranked digital content platform for Institutional Clients, delivers electronic access to Citi's capital markets services across equities, futures, FX, emerging markets, rates, credit, commodities, securitized products, municipals, securities services and research spanning thousands of content creators and apps. Citi served as a financial advisor to S&P Global on its announced merger with IHS Markit, an all-stock transaction implying an enterprise value for IHS Markit of $44 billion. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. To know more about our KPIs progress, please consult our 2021Integrated Report. Citi's digital channels remain pivotal in helping clients with operational resiliency while continuing to operate in remote or continuity-of-business modes. Thanks for your interest in Citi's Annual Report. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico.It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. This initiative was launched in tandem with the release of a new Citi Global Perspectives & Solutions report, which showed that if the U.S. had closed critical racial gaps for Black Americans in wages, housing, education and investment 20 years ago, $16 trillion could have been added to the U.S. economy. Citigroup common stock is listed on the NYSE under the ticker symbol "C." Citigroup preferred stock Series J and K are also listed on the NYSE. Jorge Prez When completed, it will be the largest solar project in the eastern U.S., totaling 485 megawatts of power with alternating current of renewable power. The launch, in conjunction with Mastercard, provides eligible U.S. branded credit card customers with the option to use their self-identified chosen first name on credit cards. At its core, banking is about people and our dedication to enabling them to grow. Following our review, we made appropriate pay adjustments as part of this year's compensation cycle. Our efforts were complemented by more than $2 million in contributions from our colleagues, which was matched by Citi for an additional $2 million through an employee donation program. (see the Citi Supports U.S. Small Business section below for more information). CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. ", "When I reflect on the year," said David Chubak, Head of U.S. Retail Banking, "our all-out effort to support the Small Business Administration's PPP across the firm was one of the most meaningful highlights.". Combined, UEP Penonom II and Tecnisol are the largest non-conventional renewable energy producers in Panama and one of the largest diversified clean power companies in Central America. Sessions this year covered vital topics that include sustainable investing, advances in family healthcare practices, future of energy and the building of resilient families. It aligns seamlessly with our U.S. Consumer Bank strategy, giving us a platform to drive significant scale in our Retail Bank by unlocking the power of our respective ecosystems to deepen our existing relationships and serve a larger and new generation of customers. Dedicating ourselves to these relationships and ensuring our client experience stands above all else, we leverage the breadth of our unmatched global network to provide debt capital raising, equity-related strategic financing, and merger and acquisition solutions, as well as issuer services. SIGNATURE. The MarketWatch News Department was not involved in the creation of this content. Formed in 1880 and based in Hammersmith, it initially operated largely as a road surfacing contractor.The business was acquired by Godfrey Mitchell in 1919, and he developed it into a construction and housebuilding firm. The financial section of this annual report is printed on FSC certified Accent Opaque from International Paper. Funding was provided to support our most affected communities around the world, from food donations and housing stability loans to personal protective equipment and COVID-19 screening efforts. de C.V. and CEMEX Ventures, CEMEXs corporate venture capital and open innovation unit, announced the launch of CEMEX Ventures Leaplab, an intensive acceleration program for | November 1, 2022 Report. Q1 Report Second Quarter. With more than a decade of experience and expertise in the field of power transmission, we have been successfully rendering our services to meet the various needs of our customers. Citi Flex Loan, a digital lending solution introduced in 2019 that enables customers to convert a portion of their credit line into a fixed rate personal loan, continued to perform well, with the average balance more than doubling. Climate Science; Climate-smart, Climate-adaptive Infrastructure Systems; Corporate Carbon Disclosures; Energy Science and Engineering; Environmental Justice; Finance; Frontiers in Coupled Human-Natural Systems; Geological Sciences; Harnessing Data and Tech for Ocean Health; Marketing In addition to being the largest SPAC raised globally, the transaction garnered significant praise for the use of minority broker-dealers as co-leads on the deal. In 2020, we transformed our flagship annual Family Office Leadership Program - often described by participants as "the Davos for family offices" - into a virtual summit. Treasury and Trade Solutions (TTS) provides integrated cash management, working capital and trade finance solutions to multinational corporations, financial institutions and public sector organizations around the globe. But I know there is always more to do. Whether providing capital to fund growth or refinancing debt, Citi Commercial Bank offers solutions that support the right capital structure to meet companies' short- and long-term financing needs. And in Asia, we expanded our partnership with Grab to offer personal loans through the ride-hailing company's app. Our global volumes have seen a growth of more than 70% year-over-year and are rapidly approaching the million daily transaction mark. Citi was also selected as left lead for Shopify's two secondary equity offerings, including its $1.5 billion follow-on offering in May, representing the largest internet overnight follow-on to date. ETHOS Line. In the U.S., for example, we introduced relevant points offers on the Citi Prestige Card and expanded the $250 travel credit to include supermarket and restaurant purchases through 2021. Moreover, through our flagship decarbonization program, Future in Action, we seek to lead the way in climate action for the building materials industry.. To support our $250 billion goal, we are financing activities in renewable energy, clean technology, water quality and conservation, sustainable transportation, green buildings and energy efficiency and have added circular economy and sustainable agriculture and land use as two additional areas under this goal. This one-year masters program includes: Customizable Curriculum: Accelerated core business fundamentals are paired with electives that align with your interests and objectives. Environment and Sustainability. The past year has brought to the forefront the long-standing social, economic and racial inequities that have faced our communities. An alphabetic list of terms and definitions specific to financial and industry topics. With a recent survey by the National Center for Transgender Equality showing that one-third of transgender people reported suffering harassment or denial of service after showing ID with a name or gender marker that didn't match their appearance, the initiative is a step toward helping customers feel recognized, accepted and empowered to be their true selves. Citi has the scale and capability to finance and support the institutions - governments, corporations, nonprofits and aid organizations - that can contribute to the future that we want and the future that our communities deserve. For our globally minded clients who include multinational companies, emerging market leaders, governments, investors and ultra-high net worth households, we have been helping them contend with volatile markets, reconfigure supply chains, and access short- and long-term liquidity. By providing customers with quick links to set up online access, shortcuts to key digital tools and howto videos on key features, we issued a steady stream of communications reinforcing the quick, easy nature of digital banking. Governance Our Model Net Value for Society Stakeholder Engagement 1998 Sustainability Development Report. de C.V. Reports Earnings Results for the Third Quarter and Nine Months En.. CEMEX and Ocean Conservancy Team Up to Clean Cancun Beaches, Cemex B De C : CLOSES NEW 500 MILLION UNSECURED SUSTAINABILITY-LINKED LOAN - Form 6-K, CEMEX, S.A.B. Citi continues to be a leader in project finance, financing a number of infrastructure and renewable energy transactions. Filter by topic, date, or leadership level, or search by keyword. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. ; Accountability Creates Results Stay accountable to new behaviors with strategic action plans and a full year of post-program leadership coaching and support. In the U.S., Citi continued to digitize our retail bank model to drive national scale. Innovation remains at the forefront of our business, with the recent expansion of our Grab partnership that allows customers to obtain personal loans on the Grab app via application programming interfaces (API). Though Citi historically has not been a large lender to small businesses, by year end we funded loans totaling $3.8 billion as part of the U.S. Small Business Administrations Paycheck Protection Program and donated $50 million in proceeds from the program to support community economic recovery efforts. Integrating the SDGs into the Companys Report Content (City Developments Limited and PTT Global Chemical) pdf: English: 18 Sep 2020: Show More: Linking a Companys Sustainability Objectives to Multiple SDGs and Showcasing Interconnections Between the Goals (A.P. Highlander Solar is strategically located approximately 50 miles from northern Virginia's Data Center Alley in the Dulles Technology Corridor, home to the world's largest concentration of data centers. In 2020, Citi syndicated 500+ loans with volumes in excess of $895 billion. Meijer is a privately owned and familyoperated Midwestern retailer with more than 250 supercenters and grocery stores throughout the Midwest. We were one of the first banks in the U.S. to announce consumer assistance programs for our credit card and mortgage customers. The Private Bank is dedicated to helping the world's wealthiest individuals, families and law firms protect and responsibly grow their wealth. Consent orders issued in October by the Federal Reserve Board and the Office of the Comptroller of the Currency have created additional urgency and a framework for the firm's transformation. To educate customers on the ease and convenience of digital banking, Citi introduced education campaigns, highlighting tools and capabilities available for customers to self-service as they complied with stay-at-home orders. Recognizing the disproportionate impact that COVID-19 has had on low-income communities and communities of color, Citi announced it would donate net profits from our participation in the U.S. Small Business Administration's Paycheck Protection Program to the Citi Foundation. George Wimpey was a British construction firm. And this initiative really is an extension of the banks ongoing commitment to the LGBTQ+ community. Getzville, NY 14068, Information about Citi, including quarterly earnings releases and filings with the U.S. Securities and Exchange Commission, can be accessed via Citi's website at www.citigroup.com. They also send an important signal to our colleagues, clients and partners about how we are continuously working to get this right. institutions in the country, with top brand recognition, leading market share and an extensive retail branch network complemented by rapid digital and mobile user growth.

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