19/7/2016 12:00 AM
In line with its commitment to its leading role and Institutional approach integrating sustainable development at the economic, social and environmental fronts, Commercial International Bank-Egypt (CIB) released its Annual Sustainability Report 2015 following the G4 Index guidelines developed by the Global Reporting Initiative (GRI) located in Amsterdam.
The report 2015 reflects the efficacy of CIB-Egypt in balancing between its position in the Egyptian banking sector and its commitment in implementing the Sustainability cornerstones of transparency and "green" banking operations. The report portrayed the positive returns of sustainability to the bank's shareholders, customers as well as the staff members and assured the importance of allying all the different sectors of organizations and community to attain a sustainable ripple effect on the environment and society.
According to the report's figures, CIB-Egypt hit many achievements, realizing many sustainability initiatives and projects, including but not limited to, 40% reduction of electricity consumption, replacement of papers dependency on advanced electronic solutions, implementation of waste segregation and advocating funding of environmental friendly projects.
It is worth mentioning that CIB-Egypt dedicated a specialized unit in 2013 to enhance, follow and study ways to integrate sustainability in banking operations and encourage staff participation in the social and environmental practices, as well as the implementation of the sustainability principles across the Bank's branches and headquarters in Egypt.