CIB Earned Higher Rating on 2021 Carbon Disclosure Project (CDP)
This year, our CDP rating has gone from Level D (Disclosure) to Level C (Awareness). The Carbon Disclosure Project (CDP) is a global non-profit organization and the gold standard for environmental reporting, and it remains the only Egyptian bank to do so and receive a rating. This reflects the Bank’s sincere attempts at improving its reporting mechanisms and data accuracy management, in addition to its diligence in adopting global standards in measuring and reporting its environmental impact.
Since 2018, CIB has been disclosing its environmental impact to the CDP and remains the only Egyptian bank to have received a rating and a place on its list. Disclosing our environmental impact has a direct effect on our operations and our goal to help the nation transition to a green economy.
CIB is one among a critical mass of companies that are disclosing their environmental data to their stakeholders through CDP annually, demonstrating a transparency and accountability that is vital to tracking progress and working toward a thriving, sustainable future.