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Cairo Amman Bank Issues Its Sustainability Report for the Year 2023

July 8, 2024

Amman, Jordan – Cairo Amman Bank has released its sustainability report for the year 2023, adhering to the rules and guidelines issued by the Amman Stock Exchange (ASE). This report underlines the bank’s commitment to emphasizing its societal role and dedication towards its social responsibilities.

The report details the bank’s successes and achievements over the past year, offering comprehensive coverage of all initiatives, events, and activities organized or supported by Cairo Amman Bank. It highlights the bank’s continuous journey and distinctive approach in the field of sustainability, aligning with the United Nations Sustainable Development Goals (SDGs) and best global practices in sustainability, in accordance with the Economic Modernization Vision for 2025 and 2030.

The report is thorough and comprehensive, showcasing the bank’s societal contributions across environmental and social sustainability and governance. It addresses the tangible progress and positive impacts from sustainable development initiatives, resulting from the bank’s investments in various sectors, employee volunteer efforts, and customer participation. These initiatives focus on urgent societal issues, underscoring the bank’s dedication to social responsibility, solidarity, responsible citizenship, and community participation.

The report also highlights the bank’s achievements in minimizing the environmental impact of its internal operations, which is a key component of its strategic plan. By adopting sustainable practices within the institution, promoting digital transformation, developing employee skills, and fostering gender equality—evident in the launch of the bank’s strategic framework on women’s empowerment—the bank has made significant strides.

Moreover, the report covers the sustainable financing initiatives launched by the bank and its environmental and social risk policy. These efforts are part of the bank’s strategy to integrate environmental, social, and governance standards into its operations, encouraging responsible and effective investment, and supporting the transition to a low-carbon economy. This includes financing green infrastructure projects and providing solutions for a more sustainable future.

The report was prepared in compliance with the standards of the Global Reporting Initiative (GRI) and the Amman Stock Exchange (ASE) Guidance on Sustainability Reporting.