Commercial International Bank Egypt (CIB) SAE 2020 Sustainability Report
The report highlights CIB's leadership in Egypt's transition to a green economy, specifically through the issuance of the country's first corporate Green Bond in partnership with the IFC. It details the establishment of a dedicated Sustainable Finance Department and the bank's commitment to international frameworks like the Principles for Responsible Banking and TCFD. Key environmental achievements include a 10% reduction in greenhouse gas emissions compared to the 2018 baseline. The report also emphasizes significant progress in digital transformation and financial inclusion, with substantial growth in the CIB Smart Wallet and Easy Account user bases. Furthermore, it outlines the bank's efforts in gender equality, maintaining its position on the Bloomberg Gender-Equality Index.
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2020
Type: Sustainability Report
Pages: 92
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Commercial International Bank Egypt (CIB) SAE
Sustainability Report
The report highlights CIB's leadership in Egypt's transition to a green economy, specifically through the issuance of the country's first corporate Green Bond in partnership with the IFC. It details the establishment of a dedicated Sustainable Finance Department and the bank's commitment to international frameworks like the Principles for Responsible Banking and TCFD. Key environmental achievements include a 10% reduction in greenhouse gas emissions compared to the 2018 baseline. The report also emphasizes significant progress in digital transformation and financial inclusion, with substantial growth in the CIB Smart Wallet and Easy Account user bases. Furthermore, it outlines the bank's efforts in gender equality, maintaining its position on the Bloomberg Gender-Equality Index.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Employees