CIB discusses advancing sustainable finance in Egypt and the road to COP 27 in ‘Net Zero Delivery Summit’

CIB discusses advancing sustainable finance in Egypt and the road to COP 27 in ‘Net Zero Delivery Summit’

Egypt - The CIB — Egypt’s first and leading private bank — was invited to participate in a session titled ‘The Road to the COP 27’ as part of its contribution to the ‘Net Zero Delivery Summit’ in London, which is considered a mid-way point between the COP 26 and COP 27.

The summit was held on 11 and 12 May 2022 with the aim of maintaining momentum on key policy initiatives for finance from the 26th edition of the Conference of Parties on Climate Change (COP 26) and presenting the role of financial institutions in helping the wider economy achieve net-zero emissions.

The CIB’s session was chaired by Kate Abnett — Reuter’s European Climate and Energy Correspondent — and focused on Egypt and the UAE’s public and private sectors’ efforts in the sustainable finance realm leading up to the COP 27, which will be held in Sharm El-Sheikh this November.

The session included prominent speakers such as Minister of International Corporation Rania Al-Mashat; Dalia Abdel Kader, Chief Sustainability Officer at CIB; Nawal Al-Hosany, the UAE’s Permanent Representative to the International Renewable Energy Agency; and Nigel Topping, the UN’s High-Level Champion for Climate Action that was appointed by the UK’s prime minister.

During the