Commercial International Bank Egypt (SAE) CIB is a leading financial institution in Egypt, operating in the banking sector. Established in 1975, the bank has grown to become one of the largest banks in Egypt, with a strong presence in the Middle East and North Africa region. The bank offers a wide range of banking services, including corporate and investment banking, retail banking, and treasury services.

As a leading financial institution, CIB is committed to sustainability and decarbonisation. The bank recognises the importance of reducing its carbon footprint and has taken several measures to achieve this goal. One of the key initiatives undertaken by the bank is the implementation of a corporate energy management programme. This programme aims to reduce the bank's energy consumption and carbon emissions by improving energy efficiency and promoting the use of renewable energy sources.

CIB has also adopted a corporate power purchase agreement (PPA) to support its renewable energy goals. The bank has signed a long-term agreement with a renewable energy provider to purchase a significant portion of its electricity from renewable sources. This has enabled the bank to reduce its reliance on fossil fuels and support the growth of renewable energy in Egypt.

In addition to its corporate energy and renewable energy initiatives, CIB has also taken steps to reduce its overall environmental impact. The bank has implemented a waste management programme to reduce waste generation and promote recycling. The bank has also adopted sustainable procurement practices to ensure that its suppliers meet environmental and social standards.

CIB's commitment to sustainability and decarbonisation is reflected in its corporate strategy. The bank has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. CIB is also actively involved in promoting sustainability in the wider community. The bank has launched several initiatives to raise awareness about environmental issues and promote sustainable practices among its customers and employees.

CIB's sustainability initiatives have been recognised by several international organisations. The bank has been included in the Dow Jones Sustainability Index for three consecutive years, reflecting its strong performance in environmental, social, and governance (ESG) factors. CIB has also been recognised by the Carbon Disclosure Project (CDP) for its leadership in climate change mitigation and adaptation.

In conclusion, Commercial International Bank Egypt (SAE) CIB is a leading financial institution in Egypt that is committed to sustainability and decarbonisation. The bank has taken several measures to reduce its carbon footprint and promote the use of renewable energy sources. CIB's sustainability initiatives are reflected in its corporate strategy and have been recognised by international organisations. The bank's commitment to sustainability is a testament to its leadership in the banking sector and its dedication to creating a more sustainable future for Egypt and the wider region.