Tell Costco to Clean Up its Credit Card
Costco CEO & Leadership
Call on Costco to drop dirty bank Citi as its credit card partner because of Citi’s role in funding catastrophic climate change.
Did you know?
Costco’s credit cards are issued by Citi - one of the dirtiest banks on the planet. Citi pumps billions into building new oil, gas, and coal projects that are creating toxic air pollution and worsening deadly fires, floods, hurricanes, and extreme heat. Since 2016, Citi has provided more than $332 billion in financing polluting fossil fuel companies, threatening our homes, our jobs and our lives. Costco is a big, popular company -- more than 30% of Americans are Costco shoppers (and who doesn't love the free samples!). Its motto is "do the right thing", and it's already made several climate commitments. Costco can continue to solidify its lovable brand by dropping its toxic partnership with Citi.
What Costco must do
Costco, as a huge client of Citi, can contribute to climate solutions by telling Citi if it doesn’t stop funding fossil fuels, then Costco will drop the bank as its credit card issuer. Costco should not let Citi undermine its own climate actions or harm Costco members, workers, or communities who are being devastated by climate impacts.
What you can do
Sign this petition to tell Costco that it needs to drop Citi as its credit card issuer if Citi doesn’t clean up its act. Costco has a history of listening to its paying members and caring about its public reputation. So, let’s make sure Costco hears from members and non-members alike! By signing this petition you will be taking a stand for a healthier future for your family, your friends and your community.
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To:
Costco CEO & Leadership
From:
[Your Name]
We, Costco members and members of the general public, are urging Costco to scale up its positive climate impact by addressing the climate impact of its relationship with Citi. We are deeply concerned about Costco’s relationship with its co-branded affiliate credit card provider, Citi, a major global source of financing for the fossil fuel industry.
We need Costco to show climate leadership by taking the following steps:
- Drop Citi: if Citi doesn’t align its climate policies with the Paris Agreement, Costco should drop its credit card relationship with Citi, announce this publicly, and find a better banking partner to do its business with. This is the best case scenario for Costco.
- Make a plan to have better banking partners: Costco should include fossil-free finance criteria in its requirements for bank service providers, including credit cards.
- Measure and disclose your banking emissions: In the same way that decarbonizing your supply chain is a critical part of your climate work, so is decarbonizing your finances. That starts by measuring and disclosing your financed emissions in your 2023 climate disclosures.
Costco has an opportunity to combat the climate crisis by addressing its relationship with Citi and its financed emissions. We, as Costco members and members of the general public, are deeply concerned about the climate emergency, and want to see Costco pursue banking relationships that align with the company’s values and climate policies. We are calling on Costco to live up to its motto and “do the right thing."