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CIB official: Evaluating opportunities in sustainable finance vital to ensure alignment with int’l standards
Maysoun Ali, Head of E&S Management and Sustainability Systems at CIB Egypt, highlighted the importance of evaluating opportunities in sustainable finance to ensure their alignment with international standards.
Ali pointed out that projects are examined during the assessment process to identify risks with the client preparing a list of plans.
She noted that CIB began in 2017 conducting a social assessment to draw up a framework for working with various governments, after identifying available opportunities in sustainable finance.
She made the remarks during the 15th Egypt CSR and Sustainable Development Forum (15th Egypt CSR Forum) which runs from May 7 to 10.
Meanwhile, Paul Wild, Director of Business Finance Consulting (BFC) Egypt, said all banks and business institutions are going through the digitization process.
Wild highlighted the importance of communicating with experts with regard to issues on managing environmental risks and available opportunities.
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