Citigroup's new policy is 'in response to changes in reproductive healthcare laws in certain states in the US.'
has started covering travel expenses for employees who go out of state for abortions because of newly enacted restrictions in Texas and other places, becoming the first major US bank to make that commitment.
The filing said the travel benefits are “to facilitate access to adequate resources” and did not specifically mention abortion. Citi will cover transportation and lodging for employees who need to leave states such as Texas for abortions, according to a person familiar with the matter. “More and more companies are being forced to take stands on issues because of the demands of some stakeholders that antagonize other stakeholders,” said Witold Henisz, a professor at the University of Pennsylvania’s Wharton School of Business and director of its Political Risk Lab.
Several states with Republican-led legislatures are passing new abortion limits in anticipation that the US Supreme Court will likely undercut constitutional abortion protections this year.
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