Commercial International Bank (CIB), Egypt’s leading private-sector bank, and the Egyptian Center for Economic Studies (ECES) held "Towards COP27 and Beyond" Conference. The conference represented the culmination of a 6-month initiative by the two organizations to ensure the voice of Africa is heard at this year’s COP27, held in during November in Egypt. CIB and ECES have been conducting a series of webinars and conferences focused on specific problems and offering solutions. To date, CIB has conducted six webinars and one conference.
Mohamed Sultan, Chief Operating Officer of CIB, said “CIB’s commitment to the environment and sustainability is broad and deep. As a founding member of the Net Zero Banking Alliance, we have dedicated resources to develop meaningful initiatives across all our businesses that impact our customers, employees, and the environment at large. Our partnership with ECES is an added dimension to CIB’s environmental activities. We are excited to bring forward the voice of Africa and support green projects in Egypt that can have a profound impact on the entire continent.”
Dr. Abla Abdel-Latif, Executive Director and Director of Research of ECES, and Chair of the Presidential advisory board for Econnomix Development, added, “Representing Africa gives special importance to COP27. Sharing CIB’s vision to address core environmental issues to develop realistic solutions makes this partnership powerful. Our joint activities have produced significant findings, and importantly, solutions which will result in a meaningful contribution to COP27.”
Through this one-day conference, the sessions shared the status on the official preparations for COP 27 through the participation of all three organizations involved in the Egyptian Presidency of the conference, presented results of ECES and CIB's joint activities, including on-ground activities that support scalable entrepreneurial green projects in Egypt that have the potential to be implemented within the African Continent, discussed global developments on climate issues, including implications and potential impact of the ongoing Ukraine war on COP27, implemented an environmental awareness education program within Egyptian schools, beginning with a pilot campaign for children aged between 8-10 in an Egyptian public school and outlined the planned steps following COP27's completion.