10 Mar 2014
Commercial International Life (CIL), our majority owned joint venture in Egypt have put themselves up for scrutiny into how responsible their business is on environmental, social and economic grounds.
This is so important for a business providing life insurance, basic savings products and now micro insurance to upwards of half a million Egyptian customers going about their daily lives.
Business in the Community (BITC) have provided a number of challenging questions to the CIL team who have responded with a 14% improvement in performance on their BITC Corporate Responsibility (CR) rating up from 49% in 2012 to 63% in 2013. Simon Burke, Manager Director Emerging Markets said "I’d like to thank Mike Newton and team for their hard work in making this happen.”
Mike Newton, Managing Director of CIL said: “This is a really strong first year improvement. We will be working as a team within the next week or so to plan further improvements over the next 10 months. It may seem like we have plenty of time, but we will need to do some tough actions during 2014. So every day matters but today we celebrate.”
The CR Index benchmark helps us attract business partners and also means that CIL, in its own right, is delivering a responsible business performance equal to some major UK companies such as Cobham (Aerospace & Defense), DTZ (Real Estate Investment & Services, ISS UK Ltd (Support Services) Midlands Co-operative Society Ltd and State Street (Financial