AlBaraka Bank Egypt SAE 2023 SR
The report details Al Baraka Bank Egypt's environmental, social, and governance performance for the 2023 fiscal year, marking its first sustainability report. Key achievements include expanding its sustainable finance portfolio to EGP 8.55 billion, representing over 20% of its total finance portfolio, and securing USD 30 million in ESG-linked funding from the ICD. The bank also implemented a robust Environmental and Social Management System aligned with IFC standards and grew its SME finance portfolio by 35.5% to EGP 6.2 billion. Additionally, the company achieved a 30% female representation in its workforce and delivered over 49,000 hours of training to employees.
Company: AlBaraka Bank Egypt SAE
Sector: Financials
Country: Egypt
Year: 2023
Type: SR
Pages: 80
AlBaraka Bank Egypt SAE
Sustainability Report
The report details Al Baraka Bank Egypt's environmental, social, and governance performance for the 2023 fiscal year, marking its first sustainability report. Key achievements include expanding its sustainable finance portfolio to EGP 8.55 billion, representing over 20% of its total finance portfolio, and securing USD 30 million in ESG-linked funding from the ICD. The bank also implemented a robust Environmental and Social Management System aligned with IFC standards and grew its SME finance portfolio by 35.5% to EGP 6.2 billion. Additionally, the company achieved a 30% female representation in its workforce and delivered over 49,000 hours of training to employees.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Employees