Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Social Responsibility
• Financial Inclusion
• Environmental Standards
• Governance

Environmental Achievements

• Reduced plastic usage
• Partnered with a recycling company to manage paper waste
• Reusing, recycling, and repairing furniture and air conditioners
• Improved resource and energy efficiency through eco-friendly banking solutions
• Supported the industrial sector by implementing environmentally friendly practices

Social Achievements

• Improved quality of life for marginalized groups (orphans, impoverished areas) by focusing on providing access to decent living conditions, quality education, and healthcare
• Enhanced culture of financial inclusion by integrating non-banking segments into the formal banking system
• Supported the establishment of data protection and consumer protection laws in Egypt
• Implemented robust encryption systems to protect customer data, privacy, and bank accounts
• Actively participated in programs empowering women and youth
• Participated in public and private sector initiatives focusing on community development
• Achieved a zero-accident record within its operations

Governance Achievements

• Implemented top-tier corporate governance practices aligned with international best practices
• Defined a comprehensive code of professional and ethical conduct and a policy for managing conflicts of interest
• Developed sophisticated automated programs for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)
• Established robust governance policies to uphold the highest standards of integrity (professional and ethical conduct, conflict of interest, gift acceptance, and measures related to corruption and bribery)
• Transparent communication of sustainability objectives and advancements through comprehensive sustainability reports

Climate Goals & Targets

Environmental Challenges

• Global economic challenges (COVID-19 pandemic, Russian-Ukrainian conflict, inflation, energy and commodity price fluctuations)
• High inflation and interest rates
• Depreciation of the Egyptian pound against foreign currencies
• Downgrade of Egypt’s credit rating by international rating institutions
• Climate-related risks (categorized into low, acceptable, and high)

Mitigation Strategies

• Implemented sound fiscal and monetary policies
• Proactive and flexible addressing of challenges
• Hedging policy during financial crisis
• Intensified efforts to collect debts of irregular customers
• Strict criteria for granting loans
• Regular evaluation of the Internal Capital Adequacy Assessment Process (ICAAP)
• Strategies to reduce operational risks (updating risk matrices, identifying key risk indicators)
• Enhanced data quality and accessibility through information systems programs for risk management
• Emergency drills and alternative locations to ensure business continuity
• Implementation of the highest governance standards
• Automated programs for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 13 (Climate action)

Supporting a low-carbon economy; contributing to the achievement of the United Nations’ Sustainable Development Goals; developing tailored banking solutions to finance small and sustainable projects; supporting the development of technology and heritage handicrafts.

Awards & Recognition

• 21 awards from global rating institutions
• Fastest Growing Commercial Bank in 2023 (World Business Outlook)
• Fastest Growing Bank in Card Issuance 2023 (World Business Outlook)
• Fastest Growing Commercial Bank in Syndicated Loans 2023 (World Business Outlook)
• Fastest Growing Bank in Corporate Loans 2023 (International Business Magazine)
• Fastest Growing Commercial Bank 2023 (International Business Magazine)
• Fastest Growing Bank in Retail Banking (International Business Magazine)
• Most Efficient Bank in Providing Internet Banking Services 2023 (Gazette International Magazine)
• Fastest Growing Bank in Issuing Cards 2023 (Gazette International Magazine)
• Fastest Growing Commercial Bank in Syndicated Loans 2023 (Gazette International Magazine)
• Fastest Growing Commercial Bank 2023 (Gazette International Magazine)
• Fastest Growing Bank in Corporate Loans 2023 (Gazette International Magazine)
• Fastest Growing Bank in Retail Banking 2023 (Global Banking and Finance)
• One of the top 100 Arab banks in 2023 (The Banker)
• Fastest Growing Bank in Card Issuance 2023 (Global Brand)
• Fastest Growing Commercial Bank in Syndicated Loans 2023 (Global Brand)
• Featured in Forbes’ ranking of the 50 most powerful companies in Egypt
• Featured in Fortune’s list of the 500 largest Arab companies for 2023