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IFC - International Finance

Climate love

IFC partners with Egypt’s CIB in managing climate risk, boosting sustainability

IFC announced its partnership with the Commercial International Bank (CIB), Egypt’s largest private sector bank, in developing and implementing a robust climate risk management framework—to ensure the bank’s stability, regulatory compliance, and ultimately address the financing needs of its clients.
In a Wednesday press statement, the IFC said that the advisory project will include an initial portfolio screening against climate risk and the development of scenario planning and stress testing methodology for CIB, a long-term IFC partner. The goal is to assist the bank in assessing its climate risk exposure, and ensuring any climate-related financial risks are disclosed in its portfolio.



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  • Rashid Kamau

    68 w

    This can help reduce the amount that climate will change and thereby increase the potential that societal impacts will remain manageable.

    7
    • Videlis Eddie

      68 w

      Such partnership will help save the world....

      3
      • We Don't Have Time

        69 w

        Dear Peter Karanga Thank you for getting your climate love to level 2! We have reached out to IFC - International Finance and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

        1
        • George Kariuki

          69 w

          This is a great step forward in helping to protect the banking sector from the effects of climate change and promoting sustainability.

          6
          • Tabitha Kimani

            69 w

            This is the way to go for an organisation control its carbon foot print

            4
            • john linus Tom

              69 w

              Wonderful

              3
              • Munene Mugambi

                69 w

                Such partnerships are really needed

                2
                • Daniel Waweru

                  69 w

                  When people come togethe with great common goals, great things happen

                  13
                  • Hilda Wangui

                    69 w

                    Amazing working together to achieve a given goal that is awesome

                    4
                    • rosebellendiritu

                      69 w

                      Good to work together for a common goal.

                      6
                      • Ajema Lydiah

                        69 w

                        amazing

                        14
                        Welcome, let's solve the climate crisis together
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