Suez Canal Bank SAE 2023 SR
The report highlights Suez Canal Bank's sustainability progress for the 2023 fiscal year, emphasizing its integration of ESG principles into banking operations. Key achievements include a 120% increase in net profit and the calculation of financed emissions for 70% of its direct finance portfolio using the PCAF methodology. The bank successfully met the Central Bank of Egypt's 25% SME financing target and expanded its digital banking services, including the launch of the Instant Payment Network. Socially, the bank invested in employee development, achieving an average of 13.27 training hours per employee, and donated EGP 6.86 million to community initiatives. Environmentally, SCB implemented energy efficiency measures resulting in a 6% reduction in energy consumption since 2021.
Company: Suez Canal Bank SAE
Sector: Financials
Country: Egypt
Year: 2023
Type: SR
Pages: 67
Suez Canal Bank SAE
Sustainability Report
The report highlights Suez Canal Bank's sustainability progress for the 2023 fiscal year, emphasizing its integration of ESG principles into banking operations. Key achievements include a 120% increase in net profit and the calculation of financed emissions for 70% of its direct finance portfolio using the PCAF methodology. The bank successfully met the Central Bank of Egypt's 25% SME financing target and expanded its digital banking services, including the launch of the Instant Payment Network. Socially, the bank invested in employee development, achieving an average of 13.27 training hours per employee, and donated EGP 6.86 million to community initiatives. Environmentally, SCB implemented energy efficiency measures resulting in a 6% reduction in energy consumption since 2021.
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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
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Workplace Fatalities
Employees