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Banque Misr complies with the Global Sustainability Reporting Initiatives (GRI) and the United Nations

Iman Al-Wasili and Fathi Al-Sayeh

In the belief of Banque Misr being a leading financial institution committed to applying the principles of sustainability, the Bank was keen to comply with GRI Global Sustainability Reporting Standards; Banque Misr is the first Egyptian state-owned bank to report business in line with international sustainability principles by taking into account governance and human rights, anti-corruption, and community participation, while observing environmental safety standards.

It is worth mentioning The “GRI” global network of several thousand institutions around the world, committed to disclosing the results of their work from the perspective of sustainability as the basis for disclosing information in order to achieve the level of community participation and the prosperity of the surrounding environment, and the Bank recently issued its annual sustainability report for the fiscal year 2020/2019, and this report is based on the bank’s commitment to applying the principles of sustainability by taking into account the principles of sustainability in all its business and operations, whether on the economic or social level.

This comes in addition to the compliance of Banque Misr as the first national bank by the end of the year 2019 with the standards of the United Nations “UN Global Compact”. Citizenship is “the corporate social responsibility.” and the ten principles of the global agreement of the United Nations, which provides for non-discrimination, equality, rights, child labour, safety and health standards, a healthy and safe environment, the implementation of governance and the fight against corruption. The Bank was also keen to join the financial initiative of the United Nations Environment Program to launch the “Responsible Banking Principles” a year ago 2019; Which aims to achieve sustainable development and the social and environmental responsibility of institutions, thus becoming among the list of responsible banks that carry out their work in accordance with the sustainable development goals and the Paris Agreement on Climate Change. With keenness to maximize the positive effects and reduce the negative effects of business, whether at the level of individuals or societies.

Banque Misr focuses in its business report on clarifying the bank’s achievements at the level of its various sectors and how to work in a way Responsible with all relevant parties, while encouraging sound practices to achieve sustainability with the governance of all work to ensure the achievement of those principles, commitment to transparency and accountability with regard to positive and negative impacts and contributing to achieving development goals that will serve the community. In addition to the sustainability initiatives and projects in which the Bank participates; Which would raise awareness of the importance of concerted efforts between all institutions, sectors and different segments of society to achieve a positive impact on the environment and society in a sustainable manner. An Egyptian on the land of the country, as the role of the bank is not limited to making a profit, but extends primarily to work as a national financial instrument, which is relied upon to implement and support national and strategic development in various social and economic fields. Therefore, Banque Misr has the largest network of branches in Egypt and the East Al-Awsat has more than 750 branches spread all over the republic that provide services to different segments of society in order to achieve financial inclusion, which is an important dimension in the sustainable development strategy because of its impact on improving opportunities Financial and social growth and stability.

It is worth noting that in order to achieve financial inclusion, the Bank enters into several initiatives and protocols that serve community members. The Bank is also keen on the Bank’s observance of all standards related to achieving development sustainable by taking into account impact assessment environmental performance of activities related to performance indicators; In the field of energy and emissions, the sum of supporting investments and other principles that highlight the relationship between financial and non-financial performance, managing risks, enabling plans based on governance, reducing costs, and full compliance with standards and laws; Where the Bank finances environmentally friendly projects that aim to achieve sustainable development, with an emphasis on all parties related to the Bank on their commitment to these standards and our continuous supervision on this.

This Bank branch has won Egypt, Mostafa El-Nahhas, recently received a silver “Tarsheed” certificate. This certificate reflects the bank’s commitment to social responsibility towards preserving the environment and the principles of sustainable development; Obtaining this unique certificate depends on the bank’s adoption of environmentally friendly practices with the aim of mitigating the harmful effects of the environment in addition to providing a healthy environment for employees and customers. The Tarsheed Award is considered the nucleus of an advanced methodological approach aimed at raising the efficiency of the bank’s future branches.

Based on Banque Misr’s belief in the importance of supporting social responsibility as one of the axes of achieving sustainable development, the bank participates directly or indirectly through the “Mis Bank Foundation for Community Development” – an independent, non-profit organization – and in cooperation with civil society institutions, Contributing to the comprehensive development of the various sectors of society, including education, culture, work, public health and the environment, and support for the neediest villages and projects for breadwinners. Long-term and actively participating in services that meet the needs and aspirations of its customers, as they are partners in success in all business. The Bank is strengthening its pioneering role and its continuous ability to achieve strong levels of performance through its potentials for continued growth. The Bank was established with the aim of contributing to the well-being and prosperity of society. For more than 100 a year, the Bank committed to its mission, as a national tool that can be relied upon to support community development in all fields, as the Banque Misr’s work values ​​and strategies always reflect the bank’s commitment to the sustainable development and prosperity of Egypt