Citi Social Finance, originally established in 2005 is Citi’s vehicle for driving global business with social impact in collaboration with our BCMA CCB and GWM clients positioning Citi as the leader in the “S” in ESG financing. It provides structuring, approval support, oversight, and risk mitigation tools to originate transactions that expand access to basic services for underserved populations in emerging markets. The scale and complexity of Social Finance transactions, as well as investor appetite, have evolved significantly since its creation in 2005. Citi has a $500 billion Social Finance target as part of its $1 trillion ESG/Sustainable Finance commitments to achieve by 2030.
Shankar is the Social Finance Risk head with oversight of Citi’s exposure relating to physical and digital financial inclusion, affordable access to basic services including power and electricity, water and sanitation, housing, education, and agricultural finance to lower income populations in emerging markets.