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CIB’s Abdel Kader: Focusing on low-carbon economy becomes exigency
Dalia Abdel Kader, Chief Sustainability Officer of the Commercial International Bank (CIB), said focusing on a low-carbon economy has become an exigency today.
She added that transition finance is an essential part of sustainable finance and a crucial element for overcoming the negative impacts of climate change and carbon emissions.
She made the remarks during the 15th Egypt CSR and Sustainable Development Forum (15th Egypt CSR Forum) which runs from May 7 to 10.
Abdel Kader said CIB offers innovative financing programs to help clients shift toward a green economy, highlighting that this is part of the bank’s sustainability strategy.
She expounded that banking institutions today face major challenges amid climate change, therefore there is a need for new business models and innovative experiences to help reduce environmental impact.
She underlined the importance of collaborating with various industrial sectors to develop sustainable methodologies that promote switching to green practices.
Abdel Kader also stressed the importance of building partnerships and engaging in dialogue with consultants and experts to achieve sustainable growth, urging all key players in the banking sector to join hands in order to realize transition to a green economy.
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