Commercial International Bank

Commercial International Bank's reported carbon emissions

Commercial International Bank (CIB) in Egypt has disclosed its carbon emissions for several years. In 2024, the bank reported total emissions of approximately 69.3 billion kg CO2e, comprising about 4.6 billion kg CO2e for Scope 1, 29.1 billion kg CO2e for Scope 2, and 35.4 billion kg CO2e for Scope 3. For 2023, CIB's total emissions were around 64.7 billion kg CO2e, with Scope 1 at approximately 7.1 billion kg CO2e, Scope 2 at about 26.4 billion kg CO2e, and Scope 3 at 31.3 billion kg CO2e. Looking back, CIB's total emissions in 2022 were approximately 55.1 billion kg CO2e (Scope 1: 4.2 billion kg CO2e, Scope 2: 25.5 billion kg CO2e, Scope 3: 25.3 billion kg CO2e). In 2021, total emissions stood at about 42.1 billion kg CO2e (Scope 1: 2.7 billion kg CO2e, Scope 2: 24.8 billion kg CO2e, Scope 3: 9.6 billion kg CO2e). The bank's total emissions in 2020 were approximately 38.7 billion kg CO2e (Scope 1: 5.6 billion kg CO2e, Scope 2: 23.8 billion kg CO2e, Scope 3: 9.3 billion kg CO2e). In 2019, CIB reported total emissions of approximately 43.3 billion kg CO2e (Scope 1: 5.1 billion kg CO2e, Scope 2: 26.9 billion kg CO2e, Scope 3: 11.3 billion kg CO2e). For 2018, total emissions were around 47.5 billion kg CO2e (Scope 1: 10.1 billion kg CO2e, Scope 2: 28.2 billion kg CO2e, Scope 3: 8.2 billion kg CO2e). CIB is committed to aligning its global banking operations with net-zero emissions by 2050, as evidenced by its involvement in the Net-Zero Banking Alliance (NZBA) Steering Group Meeting. While specific reduction targets from SBTi are not currently available, the bank's commitment to long-term emissions reduction by 2050 underscores its broader climate strategy.