Commercial International Bank Egypt (CIB) SAE 2019 Sustainability Report
The report highlights Commercial International Bank's (CIB) transition toward a revamped sustainability strategy and its commitment to responsible banking. In 2019, CIB became a founding signatory of the UNEP-FI Principles for Responsible Banking and was the first Egyptian bank to receive the ISO 41001 certification. The bank significantly expanded its digital transformation, achieving EGP 2.2 billion in cost savings through digital channels and launching 'Zaki the Bot,' Egypt's first banking chatbot. CIB also conducted its first consolidated carbon footprint report covering all 182 branches and committed to a 10% emissions reduction by 2025. Furthermore, the bank supported over 54,000 SMEs and impacted 250,000 children through the CIB Foundation's healthcare initiatives.
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2019
Type: Sustainability Report
Pages: 66
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Commercial International Bank Egypt (CIB) SAE
Sustainability Report
The report highlights Commercial International Bank's (CIB) transition toward a revamped sustainability strategy and its commitment to responsible banking. In 2019, CIB became a founding signatory of the UNEP-FI Principles for Responsible Banking and was the first Egyptian bank to receive the ISO 41001 certification. The bank significantly expanded its digital transformation, achieving EGP 2.2 billion in cost savings through digital channels and launching 'Zaki the Bot,' Egypt's first banking chatbot. CIB also conducted its first consolidated carbon footprint report covering all 182 branches and committed to a 10% emissions reduction by 2025. Furthermore, the bank supported over 54,000 SMEs and impacted 250,000 children through the CIB Foundation's healthcare initiatives.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Women on Board
Employees