Environmental, Social and Governance

The Maghreb Investment and Foreign Trade Bank continues to strengthen its approach to Environmental, Social and Governance (ESG) matters through the establishment of an integrated framework aligned with international best practices and standards, in line with its role as a regional development bank supporting sustainable and balanced economic growth across the Maghreb countries.

In this context, the Bank is currently working, in cooperation with a specialized consulting firm, on the implementation of a comprehensive and structured ESG framework. This initiative aims to enable the Bank to develop a clear and well-defined ESG strategy, based on an assessment of the current situation, the identification of priorities and key impact areas, and the alignment of its financing and operational activities with leading international standards and practices. These include the principles of sound corporate governance, environmental and social risk management, and the strengthening of transparency and accountability. This work is expected to be completed by April 2026.

This approach includes the preparation of a carbon footprint inventory of the Bank’s activities in accordance with the Greenhouse Gas (GHG) Protocol, allowing for the measurement of carbon emissions, the analysis of emission sources, and the support of mitigation efforts over the medium and long term. The Bank is also establishing a non-financial disclosure framework based on the principles and standards of the Global Reporting Initiative (GRI).

With regard to sustainability-related reporting, the Bank is aligning its disclosures with the requirements of international sustainability-related financial reporting standards, in particular IFRS S1 and IFRS S2, ensuring that material ESG information is integrated into financial reporting while enhancing transparency and comparability.

Furthermore, the Bank places particular emphasis on integrating environmental and social risks, especially climate-related risks, into its risk management framework, including their consideration in credit risk assessment and the calculation of the cost of risk, thereby supporting responsible and sustainable financing decisions.

This approach reflects the Bank’s commitment to supporting projects with positive development impact, balancing economic objectives with environmental and social considerations, and contributing to the development of a responsible and sustainable banking model at the regional level.