Commercial International Bank Sustainability Profile
Commercial International Bank (CIB) is a leading financial institution headquartered in Egypt, with a strong presence across the Middle East and North Africa. Established in 1975, CIB has consistently evolved, achieving significant milestones that underscore its commitment to innovation and customer service in the banking sector. As a prominent player in the banking industry, CIB offers a comprehensive range of services, including retail banking, corporate banking, investment banking, and treasury services. Its unique approach combines advanced technology with personalised customer care, setting it apart from competitors. CIB has garnered numerous accolades, solidifying its market position as one of Egypt's largest private banks. With a focus on sustainable growth and financial inclusion, CIB continues to play a pivotal role in the region's economic development.
DitchCarbon Score
How does Commercial International Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Commercial International Bank's score of 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Commercial International Bank's reported carbon emissions
In 2024, Commercial International Bank (CIB) reported total carbon emissions of approximately 45,770,000 kg CO2e for Scope 1, 29,110,000 kg CO2e for Scope 2, and 35,445,000 kg CO2e for Scope 3. This represents a significant increase in emissions compared to 2023, where emissions were approximately 7,085,000 kg CO2e (Scope 1), 26,350,000 kg CO2e (Scope 2), and 31,294,000 kg CO2e (Scope 3). CIB has set long-term climate commitments, aiming for net-zero emissions by 2050. This commitment was highlighted during their participation in the Net-Zero Banking Alliance (NZBA) Steering Group Meeting in London. However, as of now, CIB has not established specific near-term reduction targets and has removed previous commitments. The bank's emissions data is sourced directly from Commercial International Bank Egypt (CIB) S.A.E., with no cascading from a parent organization. CIB's ongoing efforts reflect a growing recognition of the need for sustainable practices within the banking sector, aligning with global climate initiatives.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 10,058,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 28,240,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 8,170,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Commercial International Bank's Industry?
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Commercial International Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Commercial International Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Commercial International Bank's sustainability data and climate commitments