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Corporate Social Responsibility |
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| | | Continually Advancing Strategic Initiatives to Create Value for Our Stakeholders. | |
AAIB is institutionalizing CSR through adopting a belief system with a structural approach to the bank's spheres of influence and conceptual stakeholders' framework that together outline our serious commitment and virtual boundaries of our CSR policy.
AAIBs efforts to embed CSR into core business practices involved the establishment of a CSR Unit to align CSR strategies and goals with that of the organization. AAIB made giant strides in institutionalizing its voluntary contributions to the community in a manner that involves not only material contribution but also operational involvement to ensure concrete results. Since 2003, one of AAIBs main assets of the voluntary contributions made to the Egyptian society is the foundation of We owe it to Egypt. The foundation has been established by the bank in 2007, aiming to pool patriotic resources to establish centers of excellence in health and education. Another pillar of resembling AAIBs voluntary contribution is the Arab African International Bank Award (AAIB Award); which is considered the first of its kind in the field of academia, encouraging university undergraduates in designing innovative financial products or services for the Egyptian market. We define anyone who deals with the bank and is affected by it as our stakeholders. Yet there are some specific groups with whom we are seeking to broaden our relationships and dialogue: bank employees, customers, shareholders, business partners (suppliers), community, and the environment. In order to understand the expectations and aspirations of our stakeholders, we make sure we have a wide-ranging dialogue with them.
Their expectations assist us in the decision-making especially on the social aspects of our plans. The communication with our stakeholders is based primarily on personal interviews, workshops, network meetings, and conferences.
Among the key dialogue issues in 2007 through 2009 were climate change, CSR structuring, customers satisfaction, stakeholders identification case stories/studies, international frameworks and philanthropy. | | <%-- --%>
| Integrated Standards, Values and Guidelines | |
AAIB follows the highest standards of business, environmental and ethical conduct in all of its endeavors both internally and externally. AAIBs adherence to its own business values and international organizations such as the UN Global Compact, London Benchmarking Group and the Equator Principles demonstrate AAIBs sincere professional commitment to enriching its stakeholders. These groups, compacts and agreements ensure that we are on track towards realizing our commitment to create value for our stakeholders and community. To sustain responsible finance, we are continuously seeking international, regional and local frameworks to join.
Our Business Values Customer Delight We place our customers at the center of all our activities. We provide benchmarks for exclusive standards of customer service. Distinction We initiate to differentiate and innovate to lead. We commit to distinguished performance across all our deliverables. Dynamism We accelerate our performance We endeavor to stay ahead of the market. Empowerment We encourage self-development and individual initiative. We assume ownership and accountability. Integrity We place a high value on our code of ethics. We prize transparency, confidentiality, and self-discipline. Passion We have passion for excellence across all our undertakings. We put our heart into the business. Patriotism We measure our performance by our contribution to the |
| | UN Global Compact Human Rights Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence. Principle 2 Businesses should make sure they are not complicit in human rights abuses. Labour Standards Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining. Principle 4 Businesses should uphold the elimination of all forms of forced and compulsory labor. Principle 5 Businesses should uphold the effective abolition of child labor. Principle 6 Businesses should uphold the elimination of discrimination in respect of employment and occupation. Environment Principle 7 Businesses should support a precautionary approach to environmental challenges. Principle 8 Businesses should undertake initiatives to promote greater environmental responsibility. Principle 9 Businesses should encourage the development and diffusion of environmentally friendly technologies. Anti-Corruption Principle 10 Businesses should work against corruption in all its forms, including extortion and bribery.  www.unglopalcompact.org |
| | LBG AAIB is the only Egyptian bank member of The London Benchmarking Group (LBG). LBG is a group of over 100 companies working together to measure Corporate Community Investment (CCI). In an effort to better assess the output and eventually the impact achieved out of our community activities, AAIB applies the LBG model on an annual basis by applying the LBG matrix. www.lbg-online.net | The Equator Principles Being a regional bank with core competence in serving corporates, AAIB is currently a signatory of the Equator Principles to provide the bank with benchmarks for managing environmental and social issues when offering corporate finance 
www.equator-principles.com |
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