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The National Bank of Egypt issues three specialized reports to support the sustainable financing file

Iman Al-Wasili

The National Bank of Egypt issued for the first time in the Egyptian banking sector three detailed reports that support sustainable financing and based on sustainability with its main environmental, economic and societal axes, which are in line with the global goals of sustainable development, which are GRI sustainability report, environmental footprint report and social impact report.

Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, stated that the bank issued the second sustainability report “Global Reporting Initiative GRI” which is based on the new global standards that will be binding on all institutions starting from January 2023, reflects the importance of measuring banking performance by addressing the most important achievements and initiatives of the bank and based on the bank’s strategy in this field, including several basic axes that seek to activate a low-carbon green economy, comprehensive growth, digital transformation and a comprehensive economy to include all segments of society in accordance with international standards , , indicating that the number of clients of the National Bank of Egypt has reached more than 18 One million customers, in light of the fact that comprehensive growth is not only achieved on the financial level, but extends to include the innovation of advanced banking services Empowerment of the human element and more activation of governance according to specific criteria, and the total credit facilities granted by the Bank to support green finance and small and micro enterprises reached more than 1.66 billion US dollars.

For his part, Vice Chairman of the Board of Directors of the National Bank of Egypt, Yahya Aboul Fotouh, indicated that the bank had issued its first environmental footprint report entitled “Towards a Transition to a Low Carbon Economy” for the period from July 247429 until December , which is the widest in the banking sector, as it includes five basic axes, namely measuring the carbon footprint, water footprint, plastic footprint, waste footprint and land footprint, with the placement of Clear targets for carbon emissions within all the Bank’s headquarters and branches throughout the Republic, and based on three main axes aimed at accelerating the transition to a green economy, supporting low-carbon activities and supporting green finance, where the National Bank of Egypt was the first for more than) years of During the pollution control program in Egypt to reduce pollution resulting from the transport sectors and management of highly polluting solid waste, in addition to the Bank’s marketing of 4 programs, including Industrial Pollution Control Program EPAP in its three stages W, Environmental Compliance ProgramECO, Green Economy Finance Program EBRD GEFF , Green Fund for Development GGF

Dalia El-Baz, Vice Chairman of the Board of Directors of the National Bank of Egypt, confirmed that the bank also issued a social impact report for the first time with the aim of achieving the required balance between the growth of the bank and its impact on society in all its categories. Where it focuses on the most important elements of empowering women, youth, entrepreneurs, small, medium and micro companies in the community and allowing the geographical spread of the bank’s branches throughout the Republic, while providing banking services and products to integrate people of determination into society, as well as financial education and awareness for its customer base, noting that the bank seeks to invest in the capital His human capital includes workers, in addition to his prominent societal role in various areas of community development, most notably health and education.

This comes within the framework of the serious steps taken by the National Bank of Egypt to integrate sustainability criteria into the risk system and all operational procedures and financing policies in various sectors, and as a major step in activating the bank’s sustainable financing map, Coinciding with Egypt’s reception of the Climate Summit COP 82 in the city of Sharm El-Sheikh this November.

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