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 23 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Commercial International Bank's reported carbon emissions
In 2023, Commercial International Bank (CIB) reported total carbon emissions of approximately 74,379,000 kg CO2e. This figure includes 7,085,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 34,249,000 kg CO2e from Scope 2 emissions, primarily related to purchased electricity. Additionally, Scope 3 emissions, which cover indirect emissions from the value chain, amounted to about 33,045,000 kg CO2e. CIB has demonstrated a commitment to reducing its carbon footprint, with a long-term goal of achieving net-zero emissions by 2050. This commitment was highlighted by the bank's participation in the Net-Zero Banking Alliance (NZBA) Steering Group Meeting in London, reinforcing its alignment with global banking operations towards sustainability. Over the years, CIB has made significant strides in emissions reduction. For instance, total emissions decreased from approximately 55,906,000 kg CO2e in 2018 to 43,461,000 kg CO2e in 2021, showcasing a notable reduction in emissions across the reporting years. The bank's proactive approach includes setting reduction targets and engaging in initiatives aimed at minimising its environmental impact. CIB's ongoing efforts reflect its dedication to addressing climate change and promoting sustainable practices within the banking sector, positioning itself as a responsible financial institution in Egypt and beyond.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 10,058,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 37,678,000 | 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 |
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 committed to some reduction initiatives 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.
