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. At the event, CEMEXs CFO, Maher Al-Haffar, spoke about CEMEXs decarbonization pathway, the experience of aligning its investments to the SDGs, and the innovations required to deliver only net-zero concrete by 2050. The MarketWatch News Department was not involved in the creation of this content. Citi Public Sector Group worked closely with governments and the public sector to find liquidity alternatives and advised on the issuance of social bonds to support countries in the emerging markets throughout the pandemic. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. We protect people's savings and help them make the purchases - from everyday transactions to buying a home - that improve the quality of their lives. CEMEXs CEO Fernando A. Gonzlez was one of 11 CEOs present at a sustainability roundtable hosted by UN Secretary-General Antnio Guterres. In 2020, Citi led, as a bookrunning manager, over half of the record $1.7 trillion investment grade and $435 billion high-yield issuance volume. The partnership is poised to redefine the way in which collections Markets and Securities Services relies on global breadth and product depth to provide an enhanced client experience. In July 2007, Wimpey merged with Taylor Woodrow to create Taylor Wimpey.Wimpey was first listed on the In 2020 it was ranked as the 5th largest cement company (by amount of cement produced) in the world, at 87.09 million tonnes. Also, for 16 consecutive years, Citi has received a perfect score on the Human Rights Campaign Foundation's Corporate Equality Index, a national survey that benchmarks corporate policies and practices for LGBTQ+ workplace equality. 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. ", "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.". Citi advised and executed on behalf of COVID-19-affected and opportunistic high-yield clients, including $8 billion in April for Ford, $4.7 billion in June for American Airlines, $2.0 billion in June for Occidental Petroleum and $2.8 billion in December for Community Health. Our sales and trading, distribution and research capabilities span a broad range of asset classes, providing customized solutions that support the diverse investment and transaction strategies of investors. In November, we were selected to serve as the financial advisor to the international public health organization Gavi in its effort to equitably distribute 2 billion vaccine doses for COVID-19 by the end of 2021. The Citi Plex Account is Citi's first-ever bundled checking and savings account solution. -, Mexico's Cemex to Assist Construction Technology Startups, CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach, CEMEX, S.A.B. In addition to funds managed by BlackRock, Citi provides custody services to many asset managers on the Aladdin platform. Looking ahead, we've launched our next set of goals focused on greenhouse gas emissions, energy, water and waste reduction targets and sustainable building solutions. MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. The climate crisis is one of the most critical challenges facing our global society and economy. During an unprecedented year marked by the pandemic, we actively engaged with cardholders to ensure we met their evolving needs. Yet as the pandemic drove small businesses across the country to close their doors almost overnight, we wanted to do our part. Our new strategy, which had been in the works well before COVID-19 began its catastrophic spread, is aimed at driving the transition to a sustainable, lowcarbon future in an environmentally responsible way that serves society's economic needs. Our network-driven strategy allows us to service those clients who value our unmatched country presence and who require a financial services partner that can help them grow in any country where they do business. This year's raw gap analysis showed that the median pay for women globally is better than 74% of the median for men, up from 73% last year and 71% in 2018 and that the median pay for U.S. minorities is just under 94% of the median for non-minorities, which is similar to last year and up from 93% in 2018. Any or all of CEMEXs forward-looking statements may turn out to be inaccurate. Sincerely, Through our participation in the Small Business Administration's Paycheck Protection Program, one of the largest federal lending programs in history, we are proud to have served so many of our small business customers where and when they needed it most. Alongside the launch of the redesigned Google Pay in the U.S., then-Citi President and current CEO Jane Fraser shared a sneak preview of the Citi Plex Account by Google Pay in 2021. Our commitment to that transparency continues today. The past year has brought to the forefront the long-standing social, economic and racial inequities that have faced our communities. CEMEX closes new 500 million unsecured sustainability-linked loan October 7, 2022 CEMEX, S.A.B. View the 2022 Third Quarter Results (PDF), This website uses cookies to deliver you a better experience. Your completed application, including your letters of recommendation and application fee payment, is due at 4:00 p.m. Pacific Time on the deadline date for the round in which you apply.. We cannot guarantee that we will review information sent to the MBA admissions office after the deadline of the round in which you apply. Today, eligible existing credit cardmembers are able to request new credit cards that display their chosen name. We continue our digital transformation with the redesign and expansion of CitiBusiness Online features and a new Gateway portal in the U.S. for account onboarding, Know Your Customer and product setup activities and continued to build a world-class experience by facilitating a fully digital onboarding journey through Gateway and CitiDirect BE Digital Onboarding. Designed to enhance a visitor's connectivity to nature, the Citi Wealth Hub embodies biophilic design and is LEED certified. At year end, the business had $345 billion in deposits, $282 billion in loans and $222 billion in assets under management. Digital Onboarding enabled clients around the world to set up accounts using eSignatures and overcome major obstacles due to the pandemic. Most notably among 2020 SPACs was the $4.0 billion blank check company sponsored by Pershing Square Capital Management whereby Citi served as left lead on the transaction. KPTCL, BESCOM, MESCOM, CESC, GESCOM, HESCOM etc are just some of the clients we are proud to be associated with. The solutions highlighted are in the five geographical spaces where CEMEX Ventures has set up its focus: United States, Europe, Latin America, Middle East, and Asia Pacific. In December, Citi opened its largest global wealth hub in Singapore. [4]New KPI, implementation strategy will begin on 2022. In addition to embedding this work across Citi, we're continuing to focus on industry collaboration to adopt new methodologies and analyze the climate risk associated with our client portfolio, such as the Paris Agreement Capital Transition Assessment and the Partnership for Carbon Accounting Financials. In addition to the distinction of being overall share leader, Citi ranked #1 in Overall Quality, Sales Quality, Trading Quality and e-Trading market penetration. But I know there is always more to do. Digital Onboarding is now live in 50 countries, and CitiDirect BE users were up 9% versus the prior year. To help close these gaps, we are focusing on providing greater access to banking and credit in communities of color, increasing investment in Black-owned businesses, expanding homeownership among Black Americans and advancing anti-racist practices in the financial services industry. With physical cards rapidly digitizing, we continued to expand digital lending capabilities and point-of-sale solutions to give customers ease, convenience and choice in payments. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. We launched assistance programs in markets worldwide, the first large bank to do so in the U.S., while also facilitating free cashing of U.S. government stimulus checks for non-customers. Copyright 2011 Unipower Transmission Pvt Ltd. All Rights Reserved. At year-end 2020, card receivables were $153 billion. Our digital transformation accelerated in 2020 with increased momentum in client engagement and digital adoption as evidenced by strong growth in CitiDirect BE users, API volumes and digital account openings. The Port is setting the standard for responsible, sustainable growth. Citi has a long-standing commitment to closing the racial wealth gap, and now with Action for Racial Equity, we have launched more than $1 billion in strategic initiatives to accelerate those efforts across our lines of business. Consumers will open and manage these accounts through the Google Pay app on both Android and iOS. CEMEX, S.A.B. The company is driving circular construction as a world leader in recycling to build more with less. Services enable all economic sectors - from healthcare to manufacturing to agriculture - to be more productive, reach more consumers, and, ultimately, contribute to a better livelihood for Americans through job creation, higher wages and greater opportunities. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These efforts will provide greater access to banking and credit in communities of color, increase investment in Black-owned businesses, expand homeownership among Black Americans and advance anti-racist practices in the financial services industry. In Mexico, Citibanamex is one of the leading and historically significant financial The field of finance covers the economics of claims on resources. More than anything, 2020 demonstrated the value of our diversified and durable business model. CX Cemex SaB De Cv Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 2022, announcing that CEMEX, through certain subsidiaries, has successfully closed a new 500 million 3-year sustainability-linked term loan. CEMEX S.A.B. *The Highlander Solar Facility is also known as Spotsylvania Solar Energy Center. We support 90% of Global Fortune 500 companies in their daily operations, helping them to hire, grow and succeed. 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. 1998 Sustainability Development Report. The collaboration is the first of its kind in the U.S., bringing together Citi's banking know-how with Google's bestin-class user experience and technology to drive a stream of new services and capabilities. We have made it a priority to foster a culture of inclusion where the best people want to work, where people are promoted on their merits, where we value and demand respect for others, and where opportunities to develop are widely available to all. When shelter-at-home orders were issued last March by governments around the globe, we undertook a massive effort to keep our employees safe while serving our clients seamlessly. Inside cover photo: Courtesy SOM Magda Biernat Photography. If you have any questions regarding investing with CEMEX, this is the place. In the U.S., we introduced our proprietary Citi Flex Pay capabilities to American Airlines co-brand cardholders and on Amazon. 1 Please see Key Capital Metrics on page 4. Citi Commercial Bank worked together with the Global Consumer Bank in the U.S. to support clients adversely affected by the COVID-19 pandemic by providing loans and participating in the PPP programs administered by the U.S. government. If we fall short, we will take decisive action and learn from our experience. In Mexico, an ongoing slowdown in overall economic growth and industry volumes resulted in lower revenues. 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. Stockholder inquiries can also be directed by e-mail to shareholderrelations@citi.com. In 2020, Citi funded more than $3 billion in PPP loans to more than 30,000 businesses across the country that collectively employ more than 300,000 people. The Joint Bookrunners and Joint Lead Arrangers under the Term Loan are BBVA Mxico, S.A., Institucin de Banca Mltiple, Grupo Financiero BBVA Mxico ("BBVA"), BNP Paribas, Citigroup Global Markets Inc., and Mizuho Bank Ltd., New York Branch. CEMEX, S.A.B. We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. Previously the company had been projecting low-to-mid single-digit Ebitda growth for this year. At Citi, we want to empower them with an account that provides smart - very smart - financial services built from the ground up with financial wellness and mobile functionality at its core. We were one of the first banks in the U.S. to announce consumer assistance programs for our credit card and mortgage customers. For more than two decades, Citi has led the industry's drive toward sustainability. Holcim | 787,660 followers on LinkedIn. Chief Executive Officer, Citigroup Inc. 1 Tangible Book Value (TBV) is a non-GAAP financial measure. 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. 2 Return on Tangible Common Equity (ROTCE) is a non-GAAP financial measure. We have defined a new set of ambitions with a 2030 vision that strengthens our commitment to building a better world and helping to alleviate some of the most significant challenges communities face today.
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