{"id":76662,"date":"2023-03-27T02:00:46","date_gmt":"2023-03-27T02:00:46","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/"},"modified":"2023-03-27T02:00:46","modified_gmt":"2023-03-27T02:00:46","slug":"egypts-cib-partners-with-ifc-on-climate-risk-management-framework","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/","title":{"rendered":"Egypt\u2019s CIB partners with IFC on climate risk management framework"},"content":{"rendered":"

<\/a> Egypt\u2019s CIB <\/strong>entered into a partnership agreement with <\/strong>t<\/strong>he International Finance Corporation (IFC) to<\/strong> jointly develop a climate risk management framework for the bank<\/strong>, according to a statement<\/a> released last week.<\/p>\n

The details:<\/strong> The IFC advisory project will see both sides work on developing a screening and testing mechanism against climate risk to ensure the Egypt-based bank discloses any climate-related financial risks in its portfolio, ensuring CIB\u2019s regulatory compliance on climate action, the statement notes.<\/p>\n

Why is this important?<\/strong> \u201cClimate-related financial risks are increasingly becoming more relevant for financial institutions \u2026 IFC's partnership with CIB will further enhance the Bank's process of integrating the climate-related risks into the existing risk management framework, as well as to support aligning with the evolving international standards,\u201d CIB's Chief Risk Officer Talha Karim notes in the statement.<\/p>\n

IFC\u2019s been backing CIB\u2019s green moves:<\/strong> IFC subscribed to the full issuance of CIB\u2019s first USD 100 mn noncallable, five-year, fixed-rate corporate green bond back in 2021<\/a>. CIB also developed the first credit line dedicated to certified green building in North Africa with support from the IFC, the statement notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s CIB entered into a partnership agreement with the International Finance Corporation (IFC) to jointly develop a climate risk management framework for the bank, according to a statement released last week. The details: The IFC advisory project will see both sides work on developing a screening and testing mechanism against climate risk to ensure the […]<\/p>\n","protected":false},"author":1,"featured_media":76663,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[443],"tags":[1302,531,40,11,164,162],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-cib","tag-climate-finance","tag-egypt","tag-enterpriseclimate","tag-green-finance","tag-ifc","wpautop","entry"],"acf":{"mongo_id":"2822238c-f3b0-4378-8380-1e43114fc568","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/820.jpg","photo_position":"above","related_issue":[76651],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s CIB partners with IFC on climate risk management framework - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s CIB partners with IFC on climate risk management framework\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s CIB entered into a partnership agreement with the International Finance Corporation (IFC) to jointly develop a climate risk management framework for the bank, according to a statement released last week. The details: The IFC advisory project will see both sides work on developing a screening and testing mechanism against climate risk to ensure the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T02:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s CIB partners with IFC on climate risk management framework\",\"datePublished\":\"2023-03-27T02:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\"},\"wordCount\":200,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CIB\",\"climate finance\",\"Egypt\",\"EnterpriseClimate\",\"green finance\",\"IFC\"],\"articleSection\":[\"CLIMATE FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\",\"name\":\"Egypt\u2019s CIB partners with IFC on climate risk management framework - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-03-27T02:00:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s CIB partners with IFC on climate risk management framework\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt\u2019s CIB partners with IFC on climate risk management framework - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s CIB partners with IFC on climate risk management framework","og_description":"Egypt\u2019s CIB entered into a partnership agreement with the International Finance Corporation (IFC) to jointly develop a climate risk management framework for the bank, according to a statement released last week. The details: The IFC advisory project will see both sides work on developing a screening and testing mechanism against climate risk to ensure the […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/","og_site_name":"Climate","article_published_time":"2023-03-27T02:00:46+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s CIB partners with IFC on climate risk management framework","datePublished":"2023-03-27T02:00:46+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/"},"wordCount":200,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1","keywords":["CIB","climate finance","Egypt","EnterpriseClimate","green finance","IFC"],"articleSection":["CLIMATE FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/","name":"Egypt\u2019s CIB partners with IFC on climate risk management framework - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1","datePublished":"2023-03-27T02:00:46+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/03\/27\/egypts-cib-partners-with-ifc-on-climate-risk-management-framework\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s CIB partners with IFC on climate risk management framework"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/820.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-jWu","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/76662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=76662"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/76662\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/76651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/76663"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=76662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=76662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=76662"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=76662"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=76662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}