CIB grants sustainability reporting award to 20 participants in CSR Forum

22 / 01 / 2021

By Marwa Nassar - -

The Commercial International Bank (CIB) – the leading private sector bank in Egypt – granted a sustainability reporting award to 20 participants in the 10^th CSR and Sustainability Forum.

The winners attended a certified training program of the Global Reporting Initiative (GRI) during a virtual workshop organized on December 16-17.

The certified GRI program sets the main principles and the methodology of preparing sustainability reports. The program was designed to benefit all institutions at all levels, including public and private sectors.

During the forum which was held in November 2020, about 47 participants applied for the award. The bank selected 20 companies, nongovernmental organizations (NGOs) and educational institutions to receive the award.

The CIB award granting came during a ceremony marking the bank’s launch of the fifth sustainability report.

The virtual workshop was organized via DCarbon Egypt company with an aim to expound the mainstays of sustainability and the principles of GRI and how these criteria are used to prepare the sustainability reports.

Mohamed Sultan, the CIB’s Chief Operating Officer, said “the bank is keen on disclosing its sustainability practices which it adopts since 2015. The bank launched the award to mark the issuance of the annual sustainability report for the fifth straight year. This crowns the bank’s non-stop efforts to serve the national agenda for realizing the sustainable development goals. The efforts exerted by the bank to prepare these reports fructified into the disclosure of the best international practices which became a guideline for other banks.”

For her part, the CIB’s Chief Sustainability Officer Dalia Abdel Qader said “With five years passing since the bank started issuing such annual sustainability reports, the bank believes it is responsible for spreading awareness about the importance of preparing sustainability reports in all economic sectors in Egypt. Therefore, the bank launched the sustainability reporting award with an aim to share its experience and the lessons learnt from pioneering companies in Egypt which are aware of the strategic importance of preparing sustainability reports.”