Regulatory Alerts2022-04-13 | CBE14.2Added · Updated
CBE Regulation Book 14.2 - Guiding Principles For Sustainable Finance
The Central Bank of Egypt establishes six guiding principles for banks to implement sustainable finance, requiring the development of staff capabilities, integration of environmental and social risks into credit decisions, and engagement with stakeholders on climate change. Banks are mandated to innovate green financial products, reduce their internal carbon footprint through operational efficiencies, and establish reporting systems to track progress and gaps in sustainable finance adoption.
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