{"id":325683,"date":"2022-06-19T19:45:38","date_gmt":"2022-06-19T19:45:38","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325683"},"modified":"2022-06-19T19:45:38","modified_gmt":"2022-06-19T19:45:38","slug":"cib-launches-sustaining-sectors-programme-to-help-businesses-grow","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/06\/19\/cib-launches-sustaining-sectors-programme-to-help-businesses-grow\/","title":{"rendered":"CIB launches Sustaining Sectors programme to help businesses grow"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Commercial International Bank (CIB) launches the \u201cSustaining Sectors\u201d programme. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It is a multi-stakeholder programme which is designed to help corporates in different sectors leverage sustainability to realize their potential and advance their growth while driving system transformation toward a circular economy. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The \u201cSustaining Sectors\u201d programme offered by CIB serves a wide range of business sectors by providing them with the necessary tools, capacity-building training, and sustainable financial products to help them transition to a low-carbon economy. By featuring a diverse group of experts and specialists, the programme provides the best practices and experiences at the local and global levels.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Sherif Samy, Non-Executive Independent Chairman at CIB, emphasized that the programme is in line with the Egyptian Government\u2019s and the Central Bank of Egypt\u2019s directives and the Bank\u2019s desire to strengthen Egyptian enterprises\u2019 sustainability capabilities. As a result, the \u201cSustaining Sectors\u201d programme was launched. The programme\u2019s specialized workshops represent an interactive experience that brings together experts in this field and the private sector. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Amr El-Ganainy, CEO Institutional Banking, CIB, stated: \u201cFollowing CIB\u2019s success in introducing the first Green Bond in Egypt and Africa, we are now launching programmes and financing mechanisms to help corporates in various sectors to enhance growth and sustainable opportunities\u201d. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to Dalia Abdel Kader, Chief Sustainability Officer at CIB, the programme aims to activate global frameworks such as Task Force on Climate-Related Financial Disclosures (TCFD) and the Net-Zero Bank Alliance (NZBA), of which CIB is a is a Founding Signatory and a representative of Africa on its Steering Committee. The bank seeks to contribute to the zero carbon emissions journey and ensure that this journey is collaborative and impactful in Egypt, as well as expandable in Africa.<\/span><\/p>\n<p class=\"p2\">\n<p class=\"p1\"><span class=\"s1\">\u201cIFC is committed to helping green Egypt\u2019s economy,\u201d said IFC Regional Director for North Africa, Cheick-Oumar Sylla. \u201cWe will continue to support the financial sector to deliver on their climate-related commitments through financial products, particularly in the green building sector, as we work to build sustainable capital markets.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial International Bank (CIB) launches the \u201cSustaining Sectors\u201d programme.<\/p>\n","protected":false},"author":2,"featured_media":320011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[310],"class_list":["post-325683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-commercial-international-bank-cib"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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