A pioneering step towards Sustainability Issuing the Financed Emissions Report

Suez Canal Bank (SCB) announced that “Such an action is the first step of an ambitious plan that encompasses our broad and comprehensive ESG activities”

In Suez Canal Bank (SCB) Carbon Footprint Report 2022, Mr. Hussein Refaie, Chairman & Managing Director, announced that “Such an action is the first step of an ambitious plan that encompasses our broad and comprehensive ESG activities”.

Today, we proudly announce a new significant milestone in our journey towards sustainable banking, made possible through a strategic partnership with ESG& and DCARBON.

In line with global SDGs and Egypt vision 2030, SCB is demonstrating further environmental responsibility through initiative to publish a digitized financed emissions report, utilizing client-specific data. This initiative allows SCB to calculate emissions of their financed portfolio, as well as, offering our clients a deeper understanding of their carbon impact.

In 2023, we have initiated portfolio emission calculation, covering around 70% of our direct finance portfolio, which is currently in process.

This collaborative effort with ESG& and DCARBON is just the beginning of our journey towards a more sustainable future. Stay tuned for further updates as we continue to innovate and drive positive change.