Commercial International Bank Egypt (CIB) SAE 2021 Sustainability Report
Company: Commercial International Bank Egypt (CIB) SAE
Sector: Finance & insurance
Country: Egypt
Year: 2021
Type: Sustainability Report
Pages: 122
The report describes CIB's 2021 shift toward a more formalized sustainability operating model, including a new Board Sustainability Committee and Sustainable Finance work streams. The company issued Egypt's first private-sector corporate green bond, valued at USD 100 million, to support green projects. Its CDP Climate Change rating improved from D to C, while CIB joined the Net-Zero Banking Alliance and committed to aligning portfolio emissions with net-zero pathways by 2050.
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