Commercial International Bank Egypt CIB S A E (COMI) ESG presentation summary

ESG strategy and governance

• ESG is integrated into governance, policy, business strategy and reporting; the 2021–2024 Sustainable Finance Strategy prioritizes risk management, revenue, reputation and ecological footprint.

• ESGDD report 2023 frames value creation across financial, natural, social and relationship, human, and intellectual capital; FY23 revenue was EGP 56bn and net income EGP 29.6bn, up 84% YoY.

• Board and executive committees oversee sustainability strategy and climate risks; dedicated risk teams assess portfolio exposures, conduct stress testing and scenario analysis, and report to board-level bodies.

• ESRMS is aligned with national rules, IFC/EBRD standards and Equator Principles; climate risk is being integrated into risk processes following 2020 TCFD endorsement.

• ESG engagement includes UNEP FI PRB, NZBA, TCFD, GRI, SASB, CDP and ESG ratings and indices.

Climate action and sustainable finance

• Scope 1 and 2 absolute emissions were 13% below 2018 levels; emissions intensity was 41% lower in 2023.

• Climate transition actions include a financed-emissions baseline using PCAF, portfolio alignment with decarbonization pathways, voluntary targets for selected high-emitting sectors, and annual emissions reporting.

• Sustainable finance offerings accessed USD 250m of capital, including the Green Bond, IFC MCPP and EBRD GEFF; Egypt’s first Green Bond raised USD 100m with IFC cooperation.

• Green finance supports renewable energy, sustainable transport and agriculture, pollution control, green buildings, energy efficiency, water and wastewater projects.

Financial inclusion and community impact

• Financial inclusion products include the Smart Wallet, Bedaya accounts and Meeza prepaid cards; wallet transaction value reached EGP 38bn in Sep 2024, with 5,107K prepaid cards by Q3 2024.

• Bedaya savings accounts had a YTD average balance of EGP 120bn as of Sep 2024; the agent network reached 400 outlets, and 100% of the YTD CBE target was met by end-Sep.

• Financial literacy sessions reached 10,400 people in 2024; participation in six annual CBE inclusion initiatives supported new-to-bank customer acquisition.

• The CIB Foundation impacted more than 725,000 beneficiaries in 2024, mainly through pediatric healthcare programs.