EGX Celebrates “Ring The Bell For Climate” & Reaffirms Its Commitment To Sustainability & Launches A Strategic Collaboration With Chapter Zero Egypt To Enhance Climate Governance & Sustainability

Dr. Islam Azzam, Executive Chairman of The Egyptian Exchange (EGX), opened the trading session on Monday, 17-November 2025, to celebrate “Ring the Bell for Climate” at EGX’s historic headquarters. The event was held in collaboration with the World Federation of Exchanges (WFE), in alignment with the COP30 conference taking place in Brazil from 10 to 21 November 2025. The ceremony was attended by Mohamed Sabri, EGX Vice Chairman; Ahmed Elsewedy, Chairman of Chapter Zero Egypt Association; Tarek Elgammal, Vice Chairman of the Association; and Ayman Salah, the Association’s CEO.
 
In his speech, Dr. Islam Azzam emphasized that EGX continues to strengthen its role in supporting sustainability initiatives and green financing. He noted that climate considerations have become a fundamental pillar of the investment decision-making process and a key element in building an economy capable of withstanding global challenges. Dr. Azzam also highlighted the Egyptian Exchange’s commitment to participating in the World Federation of Exchanges’ “Ring the Bell for Climate” initiative, reflecting its strong belief in the importance of advancing climate action and achieving carbon neutrality.
 
The EGX Chairman stated that the launch of the voluntary African market for trading carbon credits - which has since evolved into the Egyptian Climate Exchange (EGXC)—reflects EGX’s commitment to developing innovative financial instruments in the fields of environment and sustainability. He added that this advancement aims to integrate the African continent more effectively with global carbon markets.
The EGX Chairman noted that these efforts form part of a long journey of initiatives that began with the launch of the EGX Sustainability Index in 2010, followed by participation in the United Nations Sustainable Stock Exchanges (SSE) initiative in 2012, joining the Sustainability Committee of the World Federation of Exchanges in 2014, and chairing the Sustainability Committee of the African Securities Exchanges Association (ASEA) since 2018.
He added that EGX has issued a guiding manual for ESG disclosures and announced in December 2023 that the trading system is now ready to accommodate carbon credits. EGX has also developed the implementation system through Egypt for Information Dissemination (EGID) and established the clearing and settlement mechanism through Taswyaat Clearing Services Company.
 
Concluding his speech, the EGX Chairman affirmed that the memorandum of understanding with “Chapter Zero Egypt” will encompass several areas of cooperation, including raising market awareness of climate governance, enhancing technical capabilities in sustainability and green financial instruments, exchanging expertise and technical assistance, and organizing training programs and joint events at both the regional and international levels.
 
For his part, Ahmed Elsewedy stated that the memorandum of understanding represents pivotal step enabling boards of directors to integrate climate governance into the core of their work, ensuring that cooperation with the Egyptian Exchange will enhance business leaders’ capability to align corporate strategies with global sustainability requirements building companies more capable of facing future challenges.
 
Ayman Salah said that the association is an independent business association including prominent board members and executives from major Egyptian companies. It is considered the first Chapter in the Middle East and Africa focused on empowering boards of directors to integrate climate governance and sustainability into long term strategic decisions. He clarified that the association is the 27th globally within a network of more than 34 chapters worldwide operating under Climate Governance Initiative (CGI), in collaboration with World Economic Forum (WEF). He emphasized the commitment of the association to support Egyptian companies enhancing sustainability practices and climate governance through training, capacity building, as well as knowledge exchange, and international partnerships. He added that “Ring the Bell for Climate” celebration exceeds the symbolic meaning, stressing that the partnership with the Egyptian Exchange will contribute to translating ESG principals into practical programs within the boards of directors developing the professional capabilities required to leading ongoing sustainability in the Egyptian market.
 
Nandini Sukumar, CEO, The WFE said, “EGX leads its market in advancing climate action and sustainability. By participating in the WFE’s annual ‘Ring the Bell for Climate’ campaign, EGX is reaffirming its commitment to building a more resilient and environmentally responsible future. We commend the exchange on its ongoing efforts to drive capital towards green initiatives.”