Since becoming one of the first institutions in Egypt to introduce sustainability reporting in 2015, CIB has gradually enhanced its commitment to sustainability across its business by integrating environmental, social and governance dimensions into its policies, procedure, operations and culture.
As Egypt's leading private sector bank, CIB recognizes its responsibility to establish a standard of transparent sustainability reporting among its clients and the Egyptian financial sector. The Bank's sustainability reporting efforts prioritize transparent and credible reporting, and showcase the Bank's efforts to drive inclusive growth, boost financial inclusion, advance sustainable finance and improve sustainable operations.
In June 2020, CIB released its fifth annual sustainability report, in compliance with the Global Reporting Initiatives' (GRI) internationally-recognized framework. This year's report emphasized CIB's efforts to safeguard its employees, operations and funded businesses against the effects of coronavirus. The report also highlights CIB's substantial investments in digitizing its operations and its use of data analytics through its ongoing Digital Transformation Journey, with the primary aim of decreasing branch visits and reducing the Bank's direct and indirect carbon footprint.
As a pioneer in the Egyptian banking sector, CIB has received multiple accolades and international recognition for its accomplishments in responsible banking. These achievements are a confirmation that the Bank's efforts on the sustainability front are held to the highest global standards.
Moving forward, CIB continues to promote environmentally friendly practices among its partners and clients to realize a low-carbon economy, while aligning operations with the UN Sustainable Development Goals (SDGs).
As CIB reflects on its sustainability journey, we remain committed to setting the standard for responsible banking in the region and leading by example. Our belief that business wellbeing and sustainable practices go hand-in-hand drives us forward into a new era of responsible banking.
