EGX Reform Sustainability Advisory Committee To Promote Responsible Investment And Sustainable Finance - EGX Chairman Heads The First Meeting Of The Sustainability Committee Of The African Securities Exchanges Association (ASEA)

As part of EGX awareness of the importance of building the capacity of the capital markets in the field of sustainability, Mr. Farid, EGX chairman, signed a decree restructuring the Sustainability Advisory Committee.   The objective of the committee is to promote and activate EGX’s role in drafting and designing policies that contribute to strengthening sustainability in the Egyptian capital market.

Mr. Farid highlighted that Members of the Committee are representatives of listed companies, brokerage firms, non-profit organizations and a number of international organizations including the International Finance Corporation, United Nations Global Compact and UN Women.

The committee, headed by EGX Chairman, comprises of nine members: Amal Al-Arabi, Director of Sustainability Development at the Commercial International Bank; Hana Helmi, Head of Corporate Social Responsibility, EFG Hermes; Ghada Hamouda, Head of Sustainability and Marketing, Citadel Capital; Mohamed El Fouly, Global Compact and UN Women - Egypt. In addition to following participants, Dr. Dalia Abdelkader, Head of Sustainability, Marketing and Media at Arab African International Bank, Bilta Aliko, Representative of the United Nations Office for Women in Cairo, Sara Al-Batouti, Founder of EConsult Architecture, Hany Sweilem, Head of the Sustainability Department at Aachen University in Germany, and the American University in Cairo, and Dr. Shehab Merzban, Senior Advisor to the Minister of Investment and International Cooperation.

Mr. Farid added that EGX management pursues to inject new blood into the Advisory Committee to include representatives of relevant international institutions. 
He also added that the committee will provide the necessary advice to enhance sustainable investment and financing by collaborating all market parties’ efforts to develop corporate governance and CSR activities.

Complementing EGX efforts to promote sustainability in African capital markets, EGX Chairman, Mohamed Farid chaired the first meeting of ASEA Sustainability Committee, which was established by a proposal from the Egyptian Exchange to strengthen the sustainability of African capital markets.

Representatives of South African, Nigerian, Zimbbwe and Ivory Coast exchanges, attended as well as representatives of UN-SSE, who were invited by EGX to benefit from various international experiences and to review and discuss members on the main objectives of the Commission.