Suez Canal Bank Partners with CRIF Egypt to Champion Sustainability with Synesgy Platform
Cairo, egypt – Suez Canal bank (SCB) has solidified its commitment to environmental, social, and governance (ESG) principles by signing a pivotal cooperation protocol with CRIF Egypt. This strategic alliance introduces the cutting-edge Synesgy platform, empowering SCB clients to meticulously evaluate and elevate their sustainability performance, directly supporting Egypt’s Vision 2030 for sustainable advancement.
The landmark agreement was formalized in a ceremony attended by key figures from both institutions. Representing Suez Canal Bank were Akef El Maghraby, CEO and Managing Director, shehab Zidan, Deputy CEO and Managing director, and the heads of Corporate Banking, Corporate Finance & Investment Banking, and Sustainability & Sustainable Finance. CRIF’s delegation included marco Preti, CEO of CRIBIS D&B and General Manager of CRIF Group; Manjeet Chhabra, Managing Director of CRIF UAE & egypt; and Emad Kozman, Country manager of CRIF Egypt.
This collaboration underscores SCB’s forward-thinking strategy to seamlessly integrate ESG practices across its operations. A core objective is to equip clients, particularly small and medium-sized enterprises (SMEs), with the essential tools to measure and bolster their sustainability initiatives. Developed by CRIF, a global powerhouse in digital solutions and business data, Synesgy offers a comprehensive suite of advanced functionalities designed to help businesses assess their ESG standing and drive informed, responsible decision-making.
The Synesgy platform is engineered to embed sustainability standards into the fabric of daily business operations. It provides granular key performance indicators (KPIs) and refined evaluation tools for ESG compliance. These capabilities empower businesses to proactively manage risks, align with evolving regulatory landscapes, and adhere to both local and international sustainability benchmarks. Furthermore, the adoption of Synesgy is poised to significantly enhance corporate reputation, making businesses more attractive to investors and consumers who increasingly prioritize sustainable practices.
To ensure the successful and widespread adoption of Synesgy,suez Canal Bank has proactively organized specialized workshops for its senior executives,department heads,and relationship managers. This targeted training initiative is designed to equip SCB personnel with the expertise needed to effectively guide and support clients in integrating the platform into their respective operations.
This initiative is a testament to Suez Canal Bank’s overarching vision of delivering innovative banking services that actively contribute to achieving sustainable development goals. By enabling businesses to effectively address pressing environmental and social challenges, SCB is simultaneously fostering new pathways for sustainable economic growth throughout Egypt.
“This collaboration reflects the bank’s dedication to embedding ESG into our banking practices and equipping our clients with the tools they need to make responsible decisions that enhance their business sustainability,” stated Akef El maghraby.
Marco Preti added, “We are pleased to partner with Suez Canal Bank to bring the Synesgy platform to Egypt. This marks an crucial step in supporting businesses to enhance their sustainability practices through advanced data and technology, helping them evaluate and improve their ESG performance.”
CRIF, globally recognized as a leading credit rating agency licensed by the European Securities and Markets Authority (ESMA), specializes in delivering comprehensive financial, commercial, and technical creditworthiness reports, alongside crucial sustainability assessments. These insights are invaluable for robust business, investment, and credit decision-making. Founded in Bologna, Italy, in 1988, CRIF boasts a meaningful global footprint, operating in over 40 countries across four continents.Its services are utilized daily by a vast network of over 10,500 banks and financial institutions, 82,000 businesses, and more than one million individual customers worldwide. Since 2016, CRIF has consistently been recognized for its industry leadership.
