Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Financial Inclusion
• Responsible Banking

Environmental Achievements

• Reduced carbon emissions intensity per employee by 46% in 2021 from the 2018 baseline.
• Issued Egypt's first green bond (USD 100 million), awarded 'Best Green Bond in Africa' in 2021.
• 150% of the Green Bond was utilized as of September 2022.

Social Achievements

• Launched CIB Smart Wallet (SW) in 2016 and Bedaya LCY account in 2021 to serve unbanked customers.
• Participates in national initiative Hayah Karima, providing financial literacy and services to underserved communities.
• Launched 'Sustaining SMEs' program in 2022 to provide SMEs with capacity building and sustainable finance instruments.
• Recognized in the 2023 Bloomberg Gender Equality Index.
• Various programs supporting women empowerment and gender equality (parental leaves, anti-harassment policies, etc.).
• Introduced a workplace counseling service for employee well-being.

Governance Achievements

• Established a robust Environmental and Social Risk Management System (ESRMS) since 2016.
• Integration of sustainability into CIB’s core operation starting at the Board of Directors level.
• Established a Board Sustainability Committee, Sustainable Finance Steering Committee, and Sustainable Finance Department.
• Certified ISO22301 in Business Continuity and ISO27001 in Information Security Management.
• Dedicated Corporate Governance team and multiple board committees.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN Global Compact

Certifications: ISO22301, ISO27001, PCI-DSS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green Bond, CIB Smart Wallet, Bedaya LCY account, Ameen digital wallet

Awards & Recognition

• Best Green Bond in Africa (2021)
• Bloomberg Gender Equality Index (2023)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Financial Inclusion
• Responsible Banking

Environmental Achievements

• Reduced carbon emissions intensity per employee by 46% in 2021 from the 2018 baseline.
• Issued Egypt's first green bond (USD 100 million), awarded 'Best Green Bond in Africa' in 2021.
• 150% of the Green Bond was utilized as of September 2022. The estimated annual impact of the use of proceeds is the reduction of GHG emissions by more than 2,884 tons CO2/yr and the treatment of more than 12,775,000 m3/yr of water.

Social Achievements

• Launched CIB Smart Wallet (SW) in 2016 and Bedaya LCY account in 2021 to serve unbanked customers.
• Participation in the national initiative Hayah Karima, providing financial literacy and services to underserved communities.
• Launched Sustaining SMEs program in 2022 to provide SMEs with capacity building and sustainable finance instruments.
• Designed a special lending offering tailored for women-owned businesses and partnered with Visa in its “She’s Next” initiative.
• Multiple women leadership programs, parental leave, whistle-blowing, and anti-harassment policies.
• Employee well-being program including workplace counseling service.

Governance Achievements

• Integration of sustainability into CIB’s core operation starting at the Board of Directors level.
• Establishment of a Board Sustainability Committee, Sustainable Finance Department, and Sustainability Strategic Network.
• Development of a Sustainable Finance Policy aligned with national and international standards.
• Certified ISO22301 in Business Continuity and ISO27001 in Information Security Management.
• Strong Security Governance & policies aligned with International Standards and Best Practices. Certified Payment Cards Industry – Data Security Standards (PCI-DSS).

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO22301 (Business Continuity), ISO27001 (Information Security Management), PCI-DSS (Payment Card Industry Data Security Standard)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green Bond, CIB Smart Wallet, Bedaya LCY account, Ameen digital wallet

Awards & Recognition

• Best Trade Finance Provider in Egypt (Global Finance)
• World's Best Foreign Exchange Providers (Global Finance)
• Best Wholesale/Transaction Bank for Digital CX (The Digital Banker)
• Best Green Bond in Africa (EMEA Finance)
• Sustainable Bank of the Year (MENA Regional Awards)
• Middle East's Best Bank for SMEs (Euromoney)
• Best Bank in Egypt (Euromoney)
• Best Bank for Digital Solutions in Egypt (Euromoney)
• Best Bank for SME Banking in Egypt (Euromoney)
• Best Local Currency Loan EMEA (EMEA Finance)
• Best Payment Services in North Africa (EMEA Finance)
• Best Trade Finance Services in North Africa (EMEA Finance)
• Best Structured Finance Deal in Africa (EMEA Finance)
• Best Cash Management Services in North Africa (EMEA Finance)
• Best Bank in Trade Finance - MEED
• Best local bank EMEA Finance
• Best Bank in Trade Finance – MEED
• Best M&A Deal in MENA – EMEA

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed LED lights bank-wide, projecting 40% energy savings.
• Installed three solar grid-tied stations, feeding 20% of buildings’ electricity needs.
• Operates 35 solar water heaters and switches off electric water heaters during summer.
• Decreased paper consumption by 11.99%.

Social Achievements

• Allocated 1.5% of net annual profit (approx. USD 4.2 million) to sustainable development programs.
• Increased endowment fund to USD 3.6 million.
• CiB Foundation invested over EGP 10 million in children’s projects (healthcare, education).
• Launched Squash for Everyone initiative.
• Supported Your Space initiative to develop scientific talents of Egyptian youth.
• Improved customer satisfaction rates by 62%.

Governance Achievements

• Introduced a new job-weight approach for rational pay structure.
• Developed career maps for business banking and wealth management.
• Launched third Employee Effectiveness Survey.

Climate Goals & Targets

Environmental Challenges

• Burdensome structural adjustment and government reform program in Egypt (fiscal consolidation, EGP flotation).
• Population growth pressuring natural resources.
• Potential challenges from climate change.
• 80% of the population in Egypt remains unbanked.

Mitigation Strategies

• Absorbed and adapted to external challenges demonstrating resilience of strategy and operations.
• Constant analysis and evaluation of developments for potential risks and opportunities.
• Development of innovative digital products to expand Egypt’s bankable population (mobile banking, Smart wallets).
• Investment in data storage and computation platforms for advanced customer analytics.

Supply Chain Management

Responsible Procurement

• ES policy specifying requirements for due diligence and criteria for responsible credit decisions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation and Infrastructure
• SDG 10: Reduced Inequalities
• SDG 11: Sustainable Cities and Communities
• SDG 17: Partnerships for the Goals

CiB's sustainability strategy is aligned with the UN SDGs and Egypt's 2030 Agenda.

Sustainable Products & Innovation

• CiB Smart Wallet
• Visa Platinum Cards for Business

Awards & Recognition

• Best Bank in Egypt
• Supporting Women in Business
• Best Brand Value in Egypt
• Best Private Bank in Egypt
• Best Trade Finance Provider in Egypt
• Most Active Issuing Bank in Egypt
• Best Cash Management Services in North Africa
• Best Foreign Exchange Providers in Egypt
• Bank of the Year in Egypt
• Best Treasury & Cash Management Providers in Egypt
• Best Bank in Egypt
• Best Foreign Exchange Providers in Egypt
• Best Sub-Custodian Bank in Egypt
• Best Employee Engagement Initiative in the Middle East
• Best Retail Risk Management Initiative in the Middle East
• Best Bank in Egypt

Environmental Metrics

ESG Focus Areas

• Economic Development
• Financial Inclusion
• Environmental Footprint
• Social Empowerment
• Digital Transformation
• Governance and Compliance

Environmental Achievements

• Reduced paper use, saving close to 3 MtCO2e in 2019
• First bank in Egypt to acquire the Egyptian Green Pyramid Certificate Gold Rating
• First organization in Egypt and the first bank in the Middle East to receive ISO 41001 certification

Social Achievements

• Launched Meeza cards, expanding financial access
• Launched Prime Me Bundle for youth, offering financial products and benefits
• Launched Women in Business program to support women-owned businesses
• Hosted the International Institution of Finance (IIF) Digital Financial Inclusion Summit
• Supported the Aswan Forum for Sustainable Peace and Development

Governance Achievements

• Strong and diverse Board of Directors with 78% non-executive directors and 22% women
• Segregation of MD and CEO roles for clear accountability
• Established seven Board Committees for effective oversight
• Implemented robust risk management framework including stress testing
• Maintained compliance with laws, regulations, and internal policies

Climate Goals & Targets

Environmental Challenges

• Low financial inclusion rates among women, youth, and low-income populations
• Need to reduce environmental footprint and promote sustainable practices
• Managing risks associated with digital transformation and cyber security
• Addressing challenges related to the COVID-19 pandemic

Mitigation Strategies

• Developed and implemented various financial inclusion initiatives (Meeza cards, Easy accounts, Smart Wallet)
• Implemented energy efficiency measures, waste reduction programs, and green finance initiatives
• Strengthened cyber security measures and data protection policies
• Implemented measures to protect employees, serve customers, and support the community during the COVID-19 pandemic

Supply Chain Management

Responsible Procurement

• Sustainable and environmentally friendly suppliers

Climate-Related Risks & Opportunities

Opportunities

• Green finance initiatives, energy efficiency projects

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 41001

Third-party Assurance: Dcarbon

Sustainable Products & Innovation

• CIB Green Credit Line, Solar Loan, Meeza cards

Awards & Recognition

• Middle East’s Best Bank for Corporate Responsibility (Euromoney)
• Most Innovative Digital Bank (Global Finance)
• #38 on Forbes Middle East’s Top 100 Listed Companies

Environmental Metrics

ESG Focus Areas

• Climate Change
• Financial Inclusion
• Gender Equality
• Sustainable Finance
• Environmental Risk Management
• Responsible Banking

Environmental Achievements

• Reduced greenhouse gas emissions by 10% from 2018 baseline to 45,901 MtCO2e in 2020.
• Achieved 10% year-on-year reduction in paper use for the sixth consecutive year.
• First Egyptian bank to acquire the Egyptian Green Pyramid Certificate Gold Rating.
• First organization in Egypt and first bank in the Middle East to receive ISO 41001 certification.

Social Achievements

• Launched the “Helmik Yehemna” initiative to encourage women to join the workforce in under-represented areas.
• Increased women borrowers by 154% year-on-year.
• Maintained position on the Bloomberg Gender-Equality Index for the third consecutive year.
• Launched the Greening SMEs Program to assist companies in adopting sustainable practices.

Governance Achievements

• Established the Sustainable Finance Steering Committee and Sustainable Finance Department.
• Issued its Sustainable Finance Policy.
• Became the first Egyptian bank to adopt the Task Force on Climate-Related Financial Disclosures (TCFD) reporting framework.
• Published its first comprehensive PRB Progress Report.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on business operations and stakeholder engagement.
• Supply chain disruptions.
• Managing environmental and social risks in the portfolio.

Mitigation Strategies

• Activated work-from-home plan and migrated physical engagements to online platforms.
• Relocated warehouse to an industrial district.
• Developed an Environmental and Social Risk Management System (ESRMS).
• Conducted impact analysis of the Business Banking portfolio.

Supply Chain Management

Supplier Audits: 90% local vendors, 95% of procurement budget spent with local suppliers

Responsible Procurement

• Due diligence on potential vendors
• Vendor evaluation
• Use of biodegradable materials
• Energy-saving specifications for equipment
• Recycled or responsibly harvested wood products

Climate-Related Risks & Opportunities

Opportunities

• Green finance initiatives
• Renewable energy investments

Reporting Standards

Frameworks Used: GRI Standards: Core option, UNEP-FI Principles for Responsible Banking, TCFD, IFC Performance Standards, EBRD Performance Requirements, SASB Standards

Certifications: ISO 41001, Egyptian Green Pyramid Certificate Gold Rating

Third-party Assurance: Dcarbon

UN Sustainable Development Goals

• SDG 6: Clean Water and Sanitation
• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 11: Sustainable Cities and Communities
• SDG 13: Climate Action

Green finance initiatives, financial inclusion programs, community development projects.

Sustainable Products & Innovation

• Green bonds
• Green loans
• CIB Smart Wallet
• Meeza card

Awards & Recognition

• World’s Best Emerging Market Bank Award by Global Finance
• Bloomberg Gender Equality Index
• Egyptian Green Pyramid Certificate Gold Rating
• ISO 41001

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• First Corporate Green Bond in Egypt
• Bank-wide Energy Efficiency Project
• Green Loans for corporate customers to implement energy efficiency
• Solar Loan Program for retail customers
• Global environmental standards maximizing efficiency in terms of energy, and water consumption, and waste management
• 30% of total workforce are women

Social Achievements

• First Bank in the MENA to receive the Gender Equity Seal based on the Gender Equity Model (GEM)
• Women in Business Program: empowers women owned businesses through preferential lending rates and more exclusive tailored features
• All branches are equipped with the necessary accessibility features
• 1.5% of total annual profit is endowed to CIB Foundation

Governance Achievements

• A strong ESG governance structure: Sustainability Board Committee, Sustainable Finance Steering Committee, Sustainable Finance Department and a Bank-wide Sustainability Strategic Network
• A diverse board of directors
• Code of Corporate Governance
• Code of Conduct
• Whistle Blowing Policy
• Anti Money Laundering Policy
• Conflict of Interest Policy
• ISO22301 in Business Continuity
• Certified Payment Cards Industry – Data Security Standards (PCI-DSS)
• Certified ISO27001 in Information Security Management

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO22301, ISO27001, PCI-DSS

Awards & Recognition

• World’s Best Bank in the Emerging Markets by Euromoney
• World’s Best Emerging Markets Bank by Global Finance
• Socially Responsible Bank of the Year 2016 from African Banker
• Best Bank in Egypt – Global Finance
• Best Bank in Egypt – Euromoney
• Sustainable Bank of the Year – African Banker
• Forbes World's Best Employers 2021

Environmental Metrics

ESG Focus Areas

• Environmental and Social Risk Management

Social Achievements

• Implemented an in-house training program on Environmental and Social Risk Management (ESRM) across various departments.

Governance Achievements

• Adopted the Equator Principles (EPs) in April 2021 to manage environmental and social risks in development projects.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Equator Principles, IFC Performance Standards, EBRD Performance Requirements

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced Scope 1 & 2 GHG emissions by 18% from 2019 to 2021
• Reduced carbon emissions intensity per employee over the past four years
• Issued Egypt’s First Corporate Green Bond (US$100 million)

Social Achievements

• Launched the ‘Sustaining Sectors’ sectoral decarbonisation capacity building program for its clients
• Became the Co-Chair of the Closing the Gender Gap Accelerator supported by the World Economic Forum
• Launched the “Brain Trust” program, empowering regional financial institutions to revise their role and accelerate climate adaptation finance in the region
• Launched “Sustainable Finance Academy” an implementation program by the Bank to mainstream sustainable finance education

Governance Achievements

• Established a dedicated Board Sustainability Committee for overseeing our sustainability strategy and ensuring its integration into our overall business operations
• Established ESG Risk Management Function within the Risk Group in 2022
• Integrated ESG principles across all policies in 2022

Climate Goals & Targets

Environmental Challenges

• Data limitation (in terms of availability and quality) is one of the main challenges making it difficult to fully understand the potential implications of climate risk drivers on the Banks’ financial position.
• Limited data availability with regards to sectoral and country-specific emission factors.
• Lack of historical data that could be used for assessing the potential impact of climate risk on our credit losses.

Mitigation Strategies

• Continuous efforts toward the refinement of climate data, including establishing plans for more engagement with our customers and exploring third-party data providers.
• Using average economic emission factors for the Middle East, given its closest relevance to Egypt.
• Adopting the PCAF data quality hierarchy table to help provide transparency in our calculation methodologies.
• Reviewing best practices for climate risk modelling.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Droughts
• Wildfires
• Sea-level rise

Transition Risks

• Policy and Legal Risks
• Technology Risk
• Customer Sentiment and Market Disruption Risks
• Reputational Risk

Opportunities

• Sustainable Finance

Reporting Standards

Frameworks Used: TCFD, GRI, SASB, NZBA, PCAF, CDP, EP, IFC, EBRD, PRB, UNGC

Sustainable Products & Innovation

• Green Bond
• Sustainable Finance instruments & products

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Financial Inclusion
• Responsible Banking

Environmental Achievements

• Reduced carbon emissions intensity per employee by 46% in 2021 from the 2018 baseline
• Issued Egypt's first green bond (USD 100 million), awarded 'Best Green Bond in Africa' in 2021
• 150% of the Green Bond was utilized as of September 2022.
• Estimated annual impact of green bond: reduction of GHG emissions by more than 2,884 tons CO2/yr and treatment of more than 12,775,000 m3/yr of water.

Social Achievements

• Launched CIB Smart Wallet (SW) in 2016 and Bedaya LCY account in 2021 for financial inclusion
• Participation in national initiative Hayah Karima for financial literacy and services to underserved communities
• Women in Business program and partnership with Visa's “She’s Next” initiative
• Business Solutions program providing non-financial services to SMEs
• Various trainings combating unconscious bias and promoting inclusive culture
• Employee well-being program including workplace counseling service

Governance Achievements

• Integration of ESG into core operations with Board of Directors commitment
• Establishment of Board Sustainability Committee, Sustainable Finance Department, and Sustainability Strategic Network
• Development of Sustainable Finance Policy aligned with national and international standards
• Certified ISO22301 in Business Continuity and ISO27001 in Information Security Management
• Strong security governance and policies aligned with international standards

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: TCFD, Principles for Responsible Banking (PRB)

Certifications: ISO22301 (Business Continuity), ISO27001 (Information Security Management), PCI-DSS (Payment Card Industry - Data Security Standards)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green Bond

Awards & Recognition

• Best Trade Finance Provider in Egypt (Global Finance)
• World's Best Foreign Exchange Providers (Global Finance)
• Best Wholesale/Transaction Bank for Digital CX (The Digital Banker)
• Best Green Bond in Africa (EMEA Finance)
• Sustainable Bank of the Year (MENA Regional Awards)
• Middle East's Best Bank for SMEs (Euromoney)
• Best Bank in Egypt (Euromoney)
• Best Bank for Digital Solutions in Egypt (Euromoney)
• Best Bank for SME Banking in Egypt (Euromoney)
• Best Local Currency Loan EMEA (EMEA Finance)
• Best Payment Services in North Africa (EMEA Finance)
• Best Trade Finance Services in North Africa (EMEA Finance)
• Best Structured Finance Deal in Africa (EMEA Finance)
• Best Cash Management Services in North Africa (EMEA Finance)
• Best local bank (EMEA Finance)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Risk
• Social Risk
• Financial Inclusion
• Diversity & Inclusion
• Employee Well-being
• Community Development
• Corporate Governance
• Business Continuity and Resilience
• Cyber and Information Security

Environmental Achievements

• Scope 1 and 2 absolute carbon emissions decreased by 13% compared to 2018 results; emissions intensity decreased by 41% in 2023.
• Issued Egypt’s first Green Bond with a total amount of $100 million.

Social Achievements

• Launched CIBSmart Wallet (SW) in 2016 to serve unbanked customers.
• Launched Bedaya LCY account in 2021 targeting underserved segments.
• Business Solutions program provides non-financial services to SMEs.
• Participation in national initiative Hayah Karima.
• Special lending offering tailored for women-owned businesses.
• Partnership with Visa in “She’s Next” initiative.
• “Better Together” initiative provides job opportunities for differently-abled individuals.
• Recognized in the 2023 Bloomberg Gender Equality Index.

Governance Achievements

• Established a robust sustainability governance structure including a Board Sustainability Committee, Sustainable Finance Department, and Sustainable Finance Steering Committee.
• Adopted the Equator Principles (EPs) in 2021.
• Became the first Egyptian Bank to endorse the TCFD in 2020.
• Certified ISO22301 in Business Continuity and ISO27001 in Information Security Management.

Climate Goals & Targets

Environmental Challenges

• Data availability for emissions reporting.
• Addressing climate-related risks both quantitatively and qualitatively.

Mitigation Strategies

• Utilizing PCAF methodology to overcome the challenge of emissions data availability.
• Integrating climate risks into risk management processes.
• Developing a climate change risk management framework.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD, UNEP FI PRB, Principles for Responsible Banking (PRB), ICMA’s Green Bond Principles, UN SDGs

Certifications: ISO22301, ISO27001, PCI DSS

Sustainable Products & Innovation

• Green Bond
• CIBSmart Wallet
• Bedaya LCY account
• Prepaid cards

Awards & Recognition

• Bloomberg Gender Equality Index
• EUROMONEY Best Bank for ESG in Egypt 2024
• Global Finance Best Bank for Sustainable Finance in Emerging Markets for Africa 2024
• Global Finance Best Bank for Sustainable Finance in Egypt 2024
• Excellence in Sustainable Banking Award at the 22nd Edition Finnovex North Africa Summit 2024
• Ranked 9th on Fortune's 2024 Change the World

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Sustainable Finance
• Financial Inclusion
• Community Investment
• Governance

Environmental Achievements

• Issued Egypt’s first corporate green bond.
• Secured USD 100 million green loan from IFC to finance environmentally friendly projects.
• Increased portfolio utilization under Green Bond Program to USD 130.3 million.
• Reduced Scope 1 & 2 emissions by 42% since 2018.
• Implemented several steps to address climate risk approaches, including TCFD gap analysis and scenario planning.

Social Achievements

• Launched Helmek Yehemena program to promote female empowerment.
• Launched She is Back program to support mothers returning to work after maternity leave.
• Hired 91 differently abled candidates.
• Continued support for community projects through CIB Foundation, impacting over 3.2 million children.
• Supported various government initiatives, including Hayah Karima.

Governance Achievements

• Maintained a robust corporate governance framework.
• Improved Board diversity with 18% female representation and 54% independent NEDs.
• Published ESGDD Integrated Report, TCFD Report, PRB Portfolio Impact Assessment Report, and Green Bond Impact Report.

Climate Goals & Targets

Environmental Challenges

• Challenging macroeconomic conditions in Egypt (high inflation, currency devaluation).
• Global economic slowdown and geopolitical tensions.
• Foreign currency challenges impacting trade and imports.
• Climate change risks.

Mitigation Strategies

• Implemented a conservative risk management strategy and frontloaded provisions.
• Secured dollar term funding from international financial institutions (IFC, EBRD).
• Revamped strategy for CIB Kenya to address economic variations.
• Developed alternative scoring models to unlock lending at scale.
• Implemented a comprehensive Cost Control Strategy.

Supply Chain Management

Responsible Procurement

• Regular performance evaluations and vendor assessments to identify cost-saving opportunities.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI, SASB, UNGC, TCFD, PRB, NZBA

Certifications: ISO 29993

Sustainable Products & Innovation

• Green Bond
• Sustainable finance offerings for corporates and SMEs

Awards & Recognition

• Best ESG Report (EGX Award)
• Best Bank for ESG in Egypt (Euromoney)
• Best Institution for ESG Integration in Egypt (Global Economics)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• First Corporate Green Bond in Egypt
• Green Loans for corporate customers to implement energy efficiency
• Solar Loan Program for retail customers
• Founding Member of the Net Zero Banking Alliance
• Annual Reporting Emissions
• GHG Global environmental standards maximizing efficiency in terms of energy, and water consumption, and waste management

Social Achievements

• Women in Business Program: empowers women owned businesses through preferential lending rates and more exclusive tailored features
• All branches are equipped with the necessary accessibility features
• 1.5% of total annual profit is endowed to CIB Foundation

Governance Achievements

• A strong ESG governance structure: Sustainability Board Committee, Sustainable Finance Steering Committee, Sustainable Finance Department and a Bank-wide Sustainability Strategic Network
• A diverse board of directors
• Code of Corporate Governance
• Code of Conduct
• Whistle Blowing Policy
• Anti Money Laundering Policy
• Conflict of Interest Policy

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Principles for Responsible Banking, Task for Climate Related Financial Disclosures, UNEPFI Commitment on Financial Health & Inclusion, Bloomberg Gender Equality Index

Certifications: ISO22301 in Business Continuity, Payment Cards Industry – Data Security Standards (PCI-DSS), ISO27001 in Information Security Management

Awards & Recognition

• Best Trade Finance Provider in Egypt
• World's Best Foreign Exchange Providers
• Best Wholesale/Transaction Bank for Digital CX
• Best Green Bond in Africa
• Sustainable Bank of the Year
• Middle East's Best Bank for SMEs
• Best Bank in Egypt
• Best Bank for Digital Solutions in Egypt
• Best Bank for SME Banking in Egypt
• Best Local Currency Loan EMEA
• Best Payment Services in North Africa
• Best Trade Finance Services in North Africa
• Best Structured Finance Deal in Africa
• Best Cash Management Services in North Africa
• Best Bank in Trade Finance - MEED
• Best local bank EMEA Finance
• Best Bank in Trade Finance – MEED
• Best M&A Deal in MENA – EMEA