Egypt registers first-half primary surplus of EGP 3.2 billion    ITFC approves $2.6 billion financing for Egypt    Hitachi to connect Gulf of Suez wind farm with Egypt national power grid    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    BRICS development bank admits Egypt as new member    Nermien Ismail Schools opens a new campus in O'West    Netherlands Embassy, E7kky Magazine celebrate success of 21 Egyptian women    Women make up 45% of Egyptian Atomic Energy Authority staff    Yas Island hosts travel partners at Formula 1 Etihad Airways Abu Dhabi Grand Prix 2021    Olaf Scholz becomes Germany's new leader, ending Merkel 16-year historic era    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



CIB named constituent of 2020 Bloomberg Gender Equality Index
The bank is the only Egyptian institution to be included among the 325 companies in Bloomberg's Gender Equality Index
Published in Daily News Egypt on 30 - 01 - 2020

Commercial International Bank (CIB), Egypt's leading private sector bank, has been included in the 2020 Bloomberg Gender Equality Index (GEI), the only company in Egypt and one of just a handful from Africa to be included.
The 2020 GEI features 325 companies representing 42 countries across 50 industries with a demonstrable commitment to the global advancement of women in the workplace. CIB was also named among 230 companies in the 2019 GEI.
The GEI aims to offer investors a glimpse into public companies committed to advancing gender equality through the measurement of five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
"We are extremely pleased to have been included in the 2020 Bloomberg GEI, marking our second year of on the index and underscoring our commitment to gender equality," said CIB Chairman Hisham Ezz Al-Arab.
"Gender is a critical component of a robust environmental, social, and governance framework that is centered on global standards for equality, transparency, and sustainability. Doing well on gender and governance and curbing our environmental footprint isn't just good policy, it's good for business and good for all stakeholders, including our shareholders."
A meta-study co-led by researchers at Oxford University found that "companies with robust sustainability practices demonstrate better operational performance," while 80% of reviewed studies found that "sustainability practices have a positive influence on investment performance."
CIB has prioritized the integration of gender equality into its operations. Today, women hold 23% of executive positions at the bank and comprise a total of 29% of the workforce. The bank has implemented market-leading policies for its staff including targeted medical benefits, and extended maternity leave along with a paid-leave programme for fathers. Additionally, the bank offers its customers gender-conscious services that promote financial inclusion and support women-owned enterprises.
"We note with approval the recent move in the investing community toward sustainability in finance, including most recently BlackRock Chairman and CEO Larry Fink's annual letter to CEOs highlighting the challenges climate change will present to businesses and finance. Businesses worldwide, including financial institutions, must commit to operating in a way that leaves the communities in which we do business better than we found them."
CIB's sustainability drive aims to create partnerships and promote sustainable development in Egypt and across Africa. The bank prides itself on its culture of inclusion, partnership, and commitment to sustainability across its operations. CIB also supports sustainable development in Egypt and Africa in line with Egypt's 2030 Vision and Africa's 2063 Vision. To this end, it has undertaken a number of commitments to help it achieve its sustainability strategy, including joining the EU-AU Digital Economy Task Force, an initiative to promote Africa's digital transformation, as well as becoming the first Egyptian financial institution to join the United Nations Environment Programme Finance Initiative (UNEP-FI).


Clic here to read the story from its source.