CIB Egypt

Sustainability Report and Carbon Intensity Rankings

Is CIB Egypt doing their part?

Their DitchCarbon score is 44

CIB Egypt has a DitchCarbon Score of 44 out of 100, indicating moderate performance in sustainability measures. This score reflects the company’s current carbon intensity, suggesting there is significant room for improvement in reducing emissions. A higher score would demonstrate a stronger commitment to lowering carbon intensity and enhancing sustainability efforts.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

CIB Egypt is a company in the finance sector, which has a very low carbon intensity ranking. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

A company in Egypt with a medium carbon intensity rating suggests that the regional energy mix has a moderate environmental impact. This indicates that the company’s sustainability efforts are influenced by the country’s reliance on energy sources with an average level of carbon emissions.
6.83%

...this company is doing 6.83% worse in emissions than the industry average.

Commercial International Bank (CIB) Egypt, founded in 1975, is a prominent player in the finance sector, headquartered in Giza, Egypt. As the leading private sector bank in the country, CIB offers a comprehensive suite of financial services to a diverse clientele, including corporations, institutions, and individual customers. With a history of over four decades, the bank has established a strong reputation for excellence in management, corporate governance, and customer service.

Good news, CIB Egypt has committed to SBTi climate goals

CIB Egypt has pledged to set science-based targets through the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions in line with climate science. This commitment means the company will develop and implement strategies to significantly cut its carbon footprint to prevent the worst impacts of climate change.

There’s always room for improvement,

DitchCarbon recommends...

CIB Egypt should set definitive and attainable goals for reducing emissions by transitioning to renewable energy sources for all purchased electricity, heat, steam, and cooling, while improving their monitoring and reporting systems to track progress and uncover additional opportunities for emission reductions.
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✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.