CIB official: World needs dlrs 6.5 trillion to reduce global warming

08 / 11 / 2021

By Khaled El Deeb - - | Edited by Marwa Nassar

Dalia Abdel Kader, the Chief Sustainability Officer of the Commercial International Bank (CIB), said the world needs dlrs 6.5 trillion to reduce global warming, therefore countries started implementing positive initiatives to reduce global warming and use clean energy and new technologies

Addressing the 11^th Corporate Social Responsibility Forum (CSR Forum), she said there are three bright elements with regard to curbing global warming; youth actions, strength of the financial sector and strength of Egyptian, regional and international actions in addition to new mechanisms for governmental climate action.

She noted that the CIB was among 200 banks that joined the $130 trillion Glasgow Financial Alliance for Net Zero (GFANZ).

She added that the banking sector plays a key role in the field of clean energy and reducing global warming.

She highlighted the bank’s commitment towards the environment, underlining that the bank is keen on avoiding the negative impact on environment.