Commercial International Bank

Commercial International Bank (CIB) reported total gross emissions of approximately 69,132,000 kg CO2e in 2024. This includes about 4,577,000 kg CO2e from Scope 1, 29,110,000 kg CO2e from Scope 2, and 35,445,000 kg CO2e from Scope 3.

In 2023, the bank's total gross emissions were approximately 64,729,000 kg CO2e, with Scope 1 emissions at about 7,085,000 kg CO2e, Scope 2 at 26,350,000 kg CO2e, and Scope 3 at 31,294,000 kg CO2e. This shows a slight increase in overall emissions from 2023 to 2024.

Looking further back, in 2022, CIB's total gross emissions were approximately 55,119,000 kg CO2e, comprising Scope 1 emissions of about 4,221,000 kg CO2e, Scope 2 of 25,549,000 kg CO2e, and Scope 3 of 25,349,000 kg CO2e.

CIB has committed to aligning global banking operations with net-zero emissions by 2050, as evidenced by its involvement in the Net-Zero Banking Alliance (NZBA) Steering Group Meeting. The Science Based Targets initiative (SBTi) currently lists CIB as having a "Committed" near-term target status and "Targets Set" for long-term targets, although some past commitments have been removed or expired. Notably, the SBTi indicates that CIB's initial commitment date was 1 April 2018, with an extension provided for targets to be submitted by 31 July 2023. The organization is identified as a Financial Institution based in Egypt within the Banks, Diverse Financials, Insurance sector.