We are living through a period defined by unprecedented change. Every company I know is continually assessing its strategies, because it is abundantly clear that the geopolitical, social, environmental and technological devel- opments of the next decade will have impacts for generations to come. At Citi, helping our clients navigate the challenges and embrace the opportunities of our rapidly changing world is fundamental to our mission of enabling growth and economic progress. Importantly, it’s also vital to our own business and central to how we deliver for our clients and help them sustain their businesses for the future. None of this work is straightforward. Partnership between the public and private sectors is essential, and addressing the thorniest economic challenges requires a balancing act between competing needs and economic realities. We often find that the path of progress runs through the middle. Nowhere is that more true than for the energy transition. On the one hand, we must continue to support our clients who make sure there is an ample and affordable energy supply to meet the world’s needs. On the other hand, we are also enabling the investment that’s critical to the transition to a low-carbon economy. That includes advising and financing our clients in their decarbonization journeys, investing in necessary climate technologies and ameliorating the workforce impact by catalyzing the creation of “green-collar” jobs. Simply put, the energy transition, energy security and economic growth are not mutually exclusive and must be tackled simultaneously. Sustainable finance goes to the heart of our firm’s long-term interests. By investing in the health of the communities where we do business, we can ensure that these communities will allow us to continue operating there in the future. Since 2020, we have now financed and facilitated $348.5 billion in environmental and social finance activity, putting us well down the path to meeting our $1 trillion sustainable finance goal by 2030. This financing has been directed toward myriad opportunities in commu- nities across the world, including supporting microfinance in Peru, financing community solar projects in the United States, financing access to clean water and sanitation in Brazil, and helping expand access to healthcare in India and increase food security in Nigeria.