We strive to be an environmentally friendly bank that works to do good by the people we employ and leave the communities we serve better than when we entered. To do this, we’ve put in place a comprehensive set of environmental, human rights and social development policies in line with global best practices. These frameworks are core to our ESG commitments of transparency and fairness and are anchored in our commitment to create shared value for all.
Through a dedicated Sustainable Development Department, the Bank ensures that it operates in a sustainable manner and limits environmental impact throughout its operations. The Bank promotes and applies green concepts and activities to reduce harm on the environment, including annual carbon footprint calculations, energy efficiency, sound measurement, reducing waste and managing resources.
You can view our Carbon Footprint Report (2018) here
As Egypt’s largest private sector bank, CIB has a responsibility to lead by example when it comes to human rights protections, social development, and community efforts. As an employer of choice, we have stringent frameworks in place that protect those who serve the bank every day. Our commitment to these individuals extends to the community in which we live and work, with the Bank having set up a dedicated Corporate Social Responsibility (CSR) team that instigates key social development initiatives running the gamut of education, sports, and the arts, as well as standalone community development foundation (CIB Foundation) to provide vital support to Egypt’s most underprivileged individuals.
CIB works to align its ESG frameworks with global best practices, taking measures and developing impactful ways to integrate the Global Goals of the UNGC and the UN’s SDGs. Every year, we develop a comprehensive Annual Sustainability Report in line with the Global Reporting Initiative (GRI) Core Standards, which provides the most comprehensive framework for sustainability reporting.
As a member of the UN Environmental Program - Finance Initiative (UNEP-FI), CIB works with other leading domestic, regional, and international financial institutions to promote sustainable practices in the global financial sector. The Bank was one of the founding signatories of the UNEP-FI’s Principles for Responsible Banking, which are the first principles addressed specifically for banking institutions to encompass social, environmental, and governance practices as part of their day-to-day operations.
CIB is a constituent in the Financial Times Sustainability Index, the EGX Sustainability Index, and is listed in the Carbon Disclosure Project, a climate change program that recognizes with high-quality disclosure in its annual scoring process. The Bank is also a constituent of the Bloomberg Gender-Equality Index (GEI) for both 2019 and 2020.
