Climate Change Data

Arab Investment Bank (S.A.E)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2482 mtCO2e (2022)
Scope 1 Emissions:450 tCO2e (2022)
Scope 2 Emissions:963 tCO2e (2022)
Scope 3 Emissions:1069 tCO2e (2022)
Renewable Energy Share:Not disclosed
Total Energy Consumption:963 MWh (2022)
Water Consumption:15018 m3 (2022)
Waste Generated:12 tons (2022)
Carbon Intensity:2.24 (2022)

ESG Focus Areas

  • Sustainable Finance
  • Risk Management
  • Customer Satisfaction
  • Digital Transformation and Cybersecurity
  • Charitable Contributions and Community Involvement
  • Talent Attraction and Retention
  • Capacity Building
  • Sustainable Supply Chain Management
  • Corporate Governance
  • Financial Inclusion and Diversity
  • Responsible Consumption
  • Emission Reductions

Environmental Achievements

  • Reduced GHG emissions from 2,508 mtCO2e in 2021 to 2,482 mtCO2e in 2022. Reduced paper consumption by 14% in 2022.
  • Implemented various energy-saving measures in head offices and branches (LED lighting, VRF air conditioning, solar panels, solar heaters).
  • Sent six tons of waste to Tadweer for recycling and recycled 165 tons of documents and cardboard.

Social Achievements

  • Launched a financial literacy campaign reaching 690 consumers and 299 staff.
  • Implemented accessibility enhancements for disabled customers in branches and ATMs.
  • Increased SME direct portfolio by 27.5% from EGP 2.9 bn in 2022 to EGP 3.8 bn in 2023.
  • Reduced employee turnover between 2022 and 2023.
  • Increased workforce by 171 new employees in 2023 (26.3% female).

Governance Achievements

  • Established a Sustainability & Sustainable Finance Committee in 2023.
  • Implemented a robust Grievance Mechanism.
  • Implemented an Environmental and Social Management System (ESMS) integrated into credit decision processes.
  • Board of Directors convened 14 meetings in 2023, with each director attending over 85% of meetings.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Network stability impacting call center service levels.
  • High call center employee turnover.
  • Credit card and loan retention rates.
Mitigation Strategies
  • Relocating the call center to improve connectivity.
  • Implementing strategic new product campaigns to improve retention.
  • Improving products and SLAs following the launch of the LOS workflow system.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change impacts on retail customers and clients
Transition Risks
  • Changing regulatory environment
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI 2021, SASB, Integrated Reporting (IR), Sustainable Development Goals (SDGs), Egypt Vision 2030

Certifications: Null

Third-party Assurance: DCarbon

UN Sustainable Development Goals

  • Goal 1
  • Goal 2
  • Goal 3
  • Goal 4
  • Goal 7
  • Goal 13
  • Goal 15
  • Goal 17

Various initiatives aligned with these SDGs.

Sustainable Products & Innovation

  • Electric car loans
  • Solar power loans

Awards & Recognition

  • Fastest Growing Bank in the Arab Region
  • Best Emerging CEO in Business Banking—Egypt 2023
  • Most Innovative SMEs Financing Campaign
  • Best SMEs Financier
  • Certificate of appreciation from President Abd El Fattah El Sisi