By Tanya Tarr, January 22, 2020
Last week, Citi announced the launch of a $150 million Impact Fund that will make equity investments in businesses that are making a social impact, with a focus on women and minority business owners. This announcement coincides with the release of their annual pay transparency report, which showed a 2% improvement in closing the raw pay gap for Citi employees. Citi was the first major financial institution to go public with their pay equity numbers in 2018, as well as commit to full pay transparency for both gender and race.
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