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- Omran: we have to develop a national agenda to deepen sustainability and governments should adopt effective business strategies towards climate change and the sustainable development.
- Omran: We seek to change the culture and sectors’ trends towards sustainability... and a sustainability report for EGX soon.
- Omran: awareness is one of the most important challenges in sustainability issues... Green finance helps to reduce costs and increase revenues for companies.
During his participation in the United Nations Conference on Trade and Development UNCTAD’ meetings in Nairobi to present the Egyptian experience in applying sustainability during a conference held by the organization in the Kenyan capital Nairobi, with the participation of a large number of stock exchanges’ heads and executives, as well as the financial institutions interested in green investments and funding opportunities available to achieve the sustainable development goals (SDG), Dr. Mohammad Omran, The Egyptian Exchange (EGX)’ chairman explained the importance of the UN initiative for sustainable exchanges SSE's efforts and its role in the next stage to help countries to comply with the obligations contained in Paris conference, which aimed to reduce carbon levels by 2050.
Omran also exhibited the efforts performed by EGX to disseminate the Sustainability models, where he focused on the important role played by the stock markets to provide funding for the development plans.
The statement issued by the conference stated that omran pointed in his speech that the stock market role is not limited to apply the sustainability criteria, but what most matters is the impact that the stock exchanges do in the private sector culture and trends and to encourage it to apply sustainability with more depth.
Omran emphasized that there are a number of challenges facing the dissemination of Sustainability models, most importantly the awareness degree of the business community about the great development witnessed by the green finance sector, where many people neglect the green finance’ role in reducing cost and increasing corporate earnings, stressing that the exchange role is to give the ideals and role models for the listed companies, which appeared in EGX direction to issue an annual sustainability report.
Omran also called in his speech for the need to adopt a national agenda for the green economy, stressing on the importance of taking serious steps by governments in their strategies to give attention for climate change and sustainable development, which help to achieve the economic and social development objectives.
