Crédit Agricole Egypt publishes 1st integrated sustainability report

Crédit Agricole Egypt has released their first integrated sustainability report, named Innovation and Sustainability to Create an Impact, which covers 2017-2019 and their efforts during the COVID-19 pandemic.

Former Managing Director of Crédit Agricole Egypt, Pierre Finas, states in an in-report interview that the report “underlines the adaptation efforts to a fast and positively growing national environment that has shaped and led to the launch of the Bank’s new medium-term plan impact in 2019, enabling the bank to capitalize on its strengths”.

Finas has been replaced by Jean-Pierre Trinelle since January 11, according to a statement by the bank on January 13.

The report is the first sustainability report in Egypt to follow the most advanced reporting framework, the Integrated Reporting (IR), and comply with the Global Reporting Initiative (GRI).

The IR report highlights the bank’s operations in Egypt, how they have implemented their parent company’s strategy in protecting the environment and its commitment to the Paris Climate Agreement.

The Bank’s local operations have effectively set a European reference in Egypt with its iconic head office, which is the first Platinum LEED Certified building in Egypt and North Africa (MENA) region.

Finas notes that “Crédit Agricole Egypt’s sustainability report highlights the success of our strategy in Egypt, through underscoring the achievements we have realized in helping our customers and stakeholders as well as the Egyptian economy and community”.

This milestone report shall become a model to be followed by all sustainability-seeking institutions working in Egypt, he added.

Walie Lotfy, Deputy Managing Director of Crédit Agricole Egypt, states “It also reflects the bank’s contributions to the Egyptian economy and keeping pace with the directives of the Central Bank of Egypt (CBE) in digitizing financial services, and financing the mega projects of Egypt’s 2030 vision.”