Financial education is all about managing money and is a key priority at Citi - it is a natural extension of the work we do and helps make a difference in our local community.
Every day people make decisions about money; whether it's shopping for food and clothes, paying household bills or simply deciding when to pay by cash or credit card. The choices are endless. As the world of personal finance becomes increasingly complex, it's important that people have the skills to make wise decisions about spending, personal debt, choosing financial products, planning for the future and avoiding financial scams.
In 2004, the US-based Citi Foundation made a historic 10 year, $200 million global commitment to financial education and is now well ahead of schedule in funding that commitment.
Citi Australia has a long-term commitment to financial education and has been at the forefront of introducing sound financial education programs for primary school children since 2004.
In 2011, Citi announced a new financial education partnership with The Smith Family. Citi has also partnered with Mission Australia since 2009 to deliver a large-scale financial education program in south west Sydney.
Supporting these initiatives is Citi's sponsorship of the ASX Sharemarket Games for students and the Citi Financial Health Day for employees.
At Citi, we believe that working to promote environmental and social sustainability is good business practice. As a global corporate citizen, we view sustainability issues from both a risk and an opportunity perspective by analysing the potential impacts of our business activities and taking action to reduce environmental risk. We also look for opportunities to make sustainable investments and develop products and services with positive environmental and social impacts.
Citi focuses on helping children reach their potential and particularly supporting education programs for students from low socio economic communities. Citi believes that supporting the education outcomes of youth will lead to economic empowerment and break down cycles of generational poverty. Our support of educational programs include the University of NSW Aspire program, and the Australian Business Community Network.
Citi has a strong culture of employee involvement in the community and helps facilitate this through well established workplace giving and volunteering programs.
The Citi Workplace Giving program enables employees to make regular donations on a pre-tax basis to specific charities through regular payroll deductions. Charities have been selected based on feedback from .
All Citi employees are entitled to one day paid volunteering leave, however Citi provides flexibility to take this leave over a period of time. Volunteering leave is available for employees to support a charity they are passionate about, or to participate in mentoring programs with Citi community partners. Mentoring programs vary between helping students with numeracy and literacy to coaching in financial education and life skills.
Citi values a work environment where diversity is embraced, where people are promoted on their merits and where people treat each other with mutual respect and dignity. Around the world, we are committed to being a company where the best people want to work; where opportunities to develop are widely available; where innovation and an entrepreneurial spirit are valued; and a healthy work life balance is encouraged.
Enhancing economic opportunities for underserved individuals and families in communities throughout the world.