Commercial International Bank
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 47 is higher than 68% 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 emissions. This represents a notable decrease from 2023, where emissions were about 7,085,000 kg CO2e (Scope 1), 26,350,000 kg CO2e (Scope 2), and 31,294,000 kg CO2e (Scope 3). CIB has committed to aligning its operations with net-zero emissions by 2050, as evidenced by its participation in the Net-Zero Banking Alliance (NZBA) Steering Group. This long-term commitment encompasses all scopes of emissions, reflecting a strategic approach to sustainability within the banking sector. The bank's emissions data is sourced directly from Commercial International Bank Egypt (CIB) S.A.E., with no cascaded data from a parent organization. CIB's ongoing efforts to reduce its carbon footprint are crucial in the context of the financial industry's increasing focus on climate responsibility.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Commercial International Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
