Citigroup

HQ: US

NZBA withdrawn 2025

Fossil-fuel financing committed in 2024

$44.7B

NZBA pledge vs reality

Pledge signedPledged
2021
NZBA withdrawalChange
Withdrawn in 2025
Fossil-fuel share of energy financing (2024)Ratio today
6%

Founding NZBA member April 2021. Withdrew 7 January 2025. From 2023 to 2024 fossil financing surged +49.88% — second steepest single-year jump in the top 10 — to $44.7B. Cumulative 2021-2024 fossil book: $160.7B. Now world's #4 fossil expansion financier ($21.0B in 2024).

View loan breakdown (6 items)

Loan breakdown

  • Oil and gas company financing (2024)

    Oil & gas
    $26.8B
    Medium — ~60% of $44.7B 2024 total per BOCC 2024 sub-sector ratios for Citi.

  • Fossil fuel expansion financing (2024)

    Other
    $21.0B
    High — BOCC 2025 names Citi as #4 expansion financier 2024 at $21.0B (p.4).

  • LNG terminal and methane financing (2024)

    LNG
    $8.0B
    Medium — ~18% share of 2024 fossil book.

  • Pipelines and midstream (2024)

    Pipeline
    $4.5B
    Medium

  • Coal mining and coal power (2024)

    Coal
    $0.9B
    Medium — ~2% of 2024 fossil book.

  • Tar sands, ultra-deepwater and other unconventional (2024)

    Other
    $4.5B
    Medium

Fossil Fool

Foolishness score6

Show derivation
  1. Largest single-year jump in top 10 (+49.88% 2023 to 2024)Value: 0.5Weight: 0.3[1]
  2. Withdrew from NZBA January 2025Value: 0.85Weight: 0.25[3]
  3. World's #4 fossil expansion financier ($21.0B)Value: 0.85Weight: 0.25[1]
  4. Cumulative 2021-2024 fossil financing $160.7BValue: 0.85Weight: 0.2[1]

Formula: Citi scores on the steepest single-year acceleration in the cohort plus pledge abandonment plus expansion-finance leadership.

Weights version: v1.0

Deep dive: revision history & methodology

Revision history

  1. 1FossilFoolish editorial

    Initial publication. Source: BOCC 2025 league table; Reuters NZBA exit coverage Jan 2025.

Edited by: FossilFoolish editorial

Last reviewed:

Source: Banking on Climate Chaos 2025 (BOCC Coalition).

Sources

  1. Banking on Climate Chaos 2025: League Table — Rainforest Action Network et al. (accessed 03 May 2026)
  2. Banking on Climate Chaos 2025: Methodology Overview (p.56-57) — Rainforest Action Network et al. (accessed 03 May 2026)
  3. Citi, BofA Join Goldman Sachs and Wells Fargo in Exiting Net Zero Banking Group — ESG Today (accessed 05 May 2026)
  4. JPMorgan Leaves Net Zero Banking Group, Completing Departure of Major U.S. Banks — ESG Today (accessed 05 May 2026)
  5. Citigroup Investor Relations — Citigroup Inc. (accessed 05 May 2026)