CSR Posts

$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors

 

Read More     [[{“value”:”The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across eight hard-to-abate sectors – steel, aluminium, cement, primary chemicals, oil and gas, aviation, shipping and trucking – to achieve the net zero transition. This represents around 45% of the total incremental net-zero investment required by 2050, based on World Economic
The post $30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors appeared first on Csr Egypt.”}]] 

CSR Posts

Egypt gears up for issuing 2025 Human Development Report, reports on localizing SDGs

 

Read More     [[{“value”:”Egypt is gearing up for the 2025 Human Development Report, and debt swap initiatives, all of which reflect Egypt’s ability to continue progressing toward sustainable development. Mashat expressed Egypt’s eagerness to collaborate with the United Nations Development Program (UNDP) on the forthcoming Human Development Report 2025. She highlighted the Ministry’s efforts, in partnership with UNDP,
The post Egypt gears up for issuing 2025 Human Development Report, reports on localizing SDGs appeared first on Csr Egypt.”}]] 

CSR Posts

$ 30 m int’l financing package for Jordan’s new wastewater treatment plant

 

Read More     [[{“value”:”The European Bank for Reconstruction and Development (EBRD), the United Kingdom’s  High-Impact Partnership on Climate Action (HIPCA) and the EU’s Neighborhood Investment Platform allocated a total financial package of $30 million to the Water Authority of Jordan (WAJ) for the construction of a new wastewater treatment plant in West Irbid. The new wastewater treatment plant will
The post $ 30 m int’l financing package for Jordan’s new wastewater treatment plant appeared first on Csr Egypt.”}]] 

CSR Posts

EU adopts new rules to significantly cut packaging waste with re-use targets

 

Read More     [[{“value”:”The European Union has formally adopted a regulation on packaging and packaging waste. The new rules will significantly reduce the generation of packaging waste by setting binding re-use targets, restricting certain types of single-use packaging and requiring economic operators to minimize the packaging used. The regulation covers the full life cycle of packaging. The new
The post EU adopts new rules to significantly cut packaging waste with re-use targets appeared first on Csr Egypt.”}]] 

CSR Posts

Abydos Solar Power Plant is new success story of Egypt’s growing renewable energy capabilities

 

Read More     [[{“value”:”Inaugurating the Abydos Solar Power Plant in the Upper Egypt governorate of Aswan represents a new success story of Egypt’s growing renewable energy capabilities. The plant will generate approximately 1,500 GWh of clean energy annually, enough to power approximately 300,000 households, while offsetting 782,300 tons of CO2 emissions. The project was financed by the International
The post Abydos Solar Power Plant is new success story of Egypt’s growing renewable energy capabilities appeared first on Csr Egypt.”}]] 

CSR Posts

Reports: Firms failing to adapt to climate risks likely to lose up to 7% of annual earnings

 

Read More     [[{“value”:”Businesses that fail to adapt to climate risks like extreme heat could lose up to 7% of annual earnings by 2035, nearly half the impact of COVID-19, with telecommunications, utilities, and energy sectors most exposed. Businesses must act now to address growing climate risks or face steep financial losses, according to two new reports released
The post Reports: Firms failing to adapt to climate risks likely to lose up to 7% of annual earnings appeared first on Csr Egypt.”}]] 

CSR Posts

Africa to benefit from Denmark’s DKK 30 m allocation bolstering UN’s CTCN for climate action

 

Read More     [[{“value”:”The Ministry of Foreign Affairs of Denmark has announced the commitment of DKK 30 million (USD 4.3 million) to support the United Nations Climate Technology Center and Network (CTCN). Denmark’s new funding will support the Center’s Third Program of Work, which runs until 2027 and aims to bolster the uptake of technology for climate action
The post Africa to benefit from Denmark’s DKK 30 m allocation bolstering UN’s CTCN for climate action appeared first on Csr Egypt.”}]] 

CSR Posts

Five African countries launch $90 m project to cut hazardous chemicals from plastics

 

Read More     [[{“value”:”The Governments of Kenya, Nigeria, South Africa, Uganda and Zimbabwe have launched a $90-million project to reduce the releases of hazardous chemicals from plastics in a sector-based approach covering the automotive, electronics, and construction industries. Hazardous chemicals, including Persistent Organic Pollutants (POPs), are used in an array of different plastic products to enhance their properties. POPs remain intact for decades, accumulate in
The post Five African countries launch $90 m project to cut hazardous chemicals from plastics appeared first on Csr Egypt.”}]] 

CSR Posts

Google purchases 200,000 tons of carbon removal credits from startup Terradot

 

Read More     [[{“value”:”Google announced a long-term purchase agreement and equity investment in carbon removal startup Terradot to help catalyze their enhanced rock weathering (ERW) approach.   Under the deal, Google is purchasing 200,000 tons of carbon removal credits, to be delivered by the early 2030s — the largest ERW deal to date. With this partnership, Google is enabling Terradot
The post Google purchases 200,000 tons of carbon removal credits from startup Terradot appeared first on Csr Egypt.”}]] 

CSR Posts

GIZ Egypt celebrates completing phase one of CBUID in 3 governorates

 

Read More     [[{“value”:” * Second phase of CBUID to be launched in three new governorates GIZ Egypt celebrated the completion of phase one of the project of Capacity Building through Urban Infrastructure Development (CBUID), co-funded by the German government and the European Union and implemented in partnership with Egypt’s Ministry of Housing, Utilities, and Urban Communities, represented through
The post GIZ Egypt celebrates completing phase one of CBUID in 3 governorates appeared first on Csr Egypt.”}]] 

CSR Posts

Tetra Pak,Yellow Dreams invest €3 m in new recycling plant in Netherlands

 

Read More     [[{“value”:”Tetra Pak and Yellow Dreams teamed up to invest around €3 million into, a new recycling plant due to start operations in Ittervoort (The Netherlands) in the second half of 2025. The facility will handle the non-fiber component (polyAl) from used beverage cartons, boosting the recycling capacity in the European Union (EU). Strategically located near
The post Tetra Pak,Yellow Dreams invest €3 m in new recycling plant in Netherlands appeared first on Csr Egypt.”}]] 

CSR Posts

Hassan Allam Holding-Nesma partnership stresses commitment to fostering sustainable development

 

Read More     [[{“value”:”A strategic Partnership between Hassan Allam Holding and Nesma underscores a shared commitment to fostering sustainable development and bolstering the Saudi Kingdom’s position as a global trade gateway. Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, announced a strategic partnership with Defaf United for Logistics, a subsidiary of Nesma Holding, to
The post Hassan Allam Holding-Nesma partnership stresses commitment to fostering sustainable development appeared first on Csr Egypt.”}]] 

CSR Posts

Social, innovation hubs launched at Forbes Middle East Under 30 Summit

 

Read More     [[{“value”:”Social Hub and Innovation Hub were launched during third edition of the annual Forbes Middle East Under 30 Summit, held in Abu Dhabi under the Patronage of Sheikha Salama Bint Tahnoon bin Mohammed Al Nahyan and in the Presence of Sheikh Tahnoon bin Khalifa bin Mohammed Al Nahyan. Discussions and panels are being hosted across
The post Social, innovation hubs launched at Forbes Middle East Under 30 Summit appeared first on Csr Egypt.”}]] 

CSR Posts

SEKEM initiative in Egypt among six winners of UNEP’s 2024 Champions of Earth

 

Read More     [[{“value”:”SEKEM, a sustainable agriculture initiative helping farmers in Egypt transition to more sustainable agriculture, was honored in the Entrepreneurial Vision category of the 2024  Champions of the Earth of the United Nations Environment Program (UNEP). SEKEM’s promotion of biodynamic agriculture plus afforestation and reforestation work has been transforming large swathes of desert into thriving agricultural business, advancing
The post SEKEM initiative in Egypt among six winners of UNEP’s 2024 Champions of Earth appeared first on Csr Egypt.”}]] 

CSR Posts

UNCCD warns global economy could lose $23 trillion by 2050 over land degradation

 

Read More     [[{“value”:”The global economy could lose $23 trillion by 2050 over land degradation, while halting this trend would cost around $4.6 trillion, a fraction of the predicted losses, according to the UN Convention to Combat Desertification (UNCCD). The private sector can play a key role in supporting the sustainable use of land, according to the Executive
The post UNCCD warns global economy could lose $23 trillion by 2050 over land degradation appeared first on Csr Egypt.”}]] 

CSR Posts

Saudi Arabian, Moroccan, Qatari cities named among 10 UNESCO Learning City Awardees

 

Read More     [[{“value”:”Morocco’s Benguerir, Qatar’s capital Doha and Morocco’s Yanbu Industrial City were named among the ten UNESCO Learning City Awardees. Representing both large metropolises and smaller urban areas, the recognized cities have demonstrated how implementing concrete action on the ground can empower citizens of all ages by providing learning opportunities. The prize-winning cities were selected by the UNESCO
The post Saudi Arabian, Moroccan, Qatari cities named among 10 UNESCO Learning City Awardees appeared first on Csr Egypt.”}]] 

CSR Posts

Egypt, UNDP partner to establish modern hazardous medical waste treatment complex

 

Read More     [[{“value”:”The Ministry of Health and Population and the United Nations Development Program (UNDP) today signed an agreement to establish a modern hazardous medical waste treatment complex in Suez governorate. The facility – supported by a $6.3 million grant from the Global Fund to fight AIDS, tuberculosis and malaria – is designed to process up to
The post Egypt, UNDP partner to establish modern hazardous medical waste treatment complex appeared first on Csr Egypt.”}]] 

CSR Posts

WEF report identifies Egypt’s NISGP among 10 best sustainability practices in MENA

 

Read More     [[{“value”:”A new World Economic Forum (WEF) report, Prioritizing Sustainability in MENA: Mapping Critical Environmental Issues for Regional Businesses, identified Egypt’s National Initiative for Smart Green Projects (NISGP)– launched by the Ministry of Planning, Economic Development and International Cooperation – among 10 best practices in the Middle East and North Africa (MENA) region. The WEF released the report
The post WEF report identifies Egypt’s NISGP among 10 best sustainability practices in MENA appeared first on Csr Egypt.”}]] 

CSR Posts

Decent Life earmarked EGP 65 bn for SMEs benefiting 2.9 million citizens

 

Read More     [[{“value”:”The presidential initiative Decent Life (or Haya Karima) for the development of rural areas in Egypt has provided EGP 65 billion in financing for small and micro enterprises (SMEs) in the first stage, benefiting 2.9 million citizens. This came in a report issued by the Ministry of Planning, Economic Development, and International Cooperation on the
The post Decent Life earmarked EGP 65 bn for SMEs benefiting 2.9 million citizens appeared first on Csr Egypt.”}]] 

CSR Posts

Coca-Cola seeks to use 35% to 40% recycled material in primary packaging

 

Read More     [[{“value”:”Coca-Cola seeks to use 35% to 40% recycled material in primary packaging (plastic, glass and aluminum), including increasing recycled plastic use to 30% to 35% globally. It also works to help ensure the collection of 70% to 75% of the equivalent number of bottles and cans introduced into the market annually. This came in the company’s
The post Coca-Cola seeks to use 35% to 40% recycled material in primary packaging appeared first on Csr Egypt.”}]] 

CSR Posts

Report: Over 60 million people work globally in nature-based solution activities

 

Read More     [[{“value”:”Currently, over 60 million people work globally in activities categorized as nature-based solutions (NbS), which are actions to protect, conserve, restore, sustainably use and manage natural or modified terrestrial, freshwater, coastal and marine ecosystems.  Investing in NbS could create up to 32 million new jobs by 2030. The greatest gains would be in Africa, Latin
The post Report: Over 60 million people work globally in nature-based solution activities appeared first on Csr Egypt.”}]] 

CSR Posts

AfDB allocates $ 170 m for 1.1 GW Suez Wind Project

 

Read More     [[{“value”:”The Board of Directors of the African Development Bank (AfDB) has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative. The total project cost is estimated at $1.1 billion. The Bank’s financing is in addition to financing expected
The post AfDB allocates $ 170 m for 1.1 GW Suez Wind Project appeared first on Csr Egypt.”}]] 

CSR Posts

Foodics, Million Pound Menu partner to back entrepreneurs of F&B sector

 

Read More     [[{“value”:”Foodics, the leading provider of restaurant management and financial tech solutions in the MENA region, has announced its official technology partnership with Million Pound Menu to support entrepreneurs in the F&B sector. This partnership will help entrepreneurs expand and grow by providing the latest technology solutions capable of facing any operational challenges that may arise
The post Foodics, Million Pound Menu partner to back entrepreneurs of F&B sector appeared first on Csr Egypt.”}]] 

CSR Posts

Third sustainability report of CAE stresses commitment to ESG, CSR, innovation

 

Read More     [[{“value”:”Crédit Agricole Egypt (CAE) has released its third integrated sustainability report for 2023 recently, highlighting its commitment to sustainability, innovation and responsible business practices. Themed “Embracing an Elevated Journey,” the report details CAE’s steady progress toward its Environmental, Social, and Governance (ESG) goals. It also assesses the potential long-term risks and impacts the bank may
The post Third sustainability report of CAE stresses commitment to ESG, CSR, innovation appeared first on Csr Egypt.”}]] 

CSR Posts

Schneider Electric, One Click LCA partner to improve accuracy of environmental assessments in electrification  

 

Read More     [[{“value”:”Schneider Electric, the leader in the digital transformation of energy management and automation, and One Click LCA, the leading sustainability software platform for construction and manufacturing, have announced a partnership to improve the accuracy of environmental assessments in electrification.   As buildings are currently responsible for 39% of global energy-related carbon emissions, and 50% of today’s buildings will
The post Schneider Electric, One Click LCA partner to improve accuracy of environmental assessments in electrification   appeared first on Csr Egypt.”}]] 

CSR Posts

e& Egypt, pmaestro team up to accelerate digital transformation in Egypt, MENA region

 

Read More     [[{“value”:”e& Egypt and pmaestro inked a strategic partnership aimed at accelerating digital transformation across Egypt and the MENA region with an aim to fuel innovation, empower businesses, and drive sustainable growth in the digital economy. The partnership prioritizes Digital Inclusion, bridging the digital divide to ensure equitable access to technology for enterprises, SMEs, and startups.
The post e& Egypt, pmaestro team up to accelerate digital transformation in Egypt, MENA region appeared first on Csr Egypt.”}]] 

CSR Posts

Int’l financing institutions inject about $890 m investments into Egypt’s private sector in Nov.

 

Read More     [[{“value”:”The Ministry of Planning, Economic Development, and International Cooperation announced that international financial institutions invested approximately $890 million in Egypt’s private sector companies during November, spanning key sectors such as climate finance, small and medium-sized enterprises (SMEs) development, green tourism transformation, and expansion of renewable energy projects under the “NWFE” program. International Cooperation Minister Rania
The post Int’l financing institutions inject about $890 m investments into Egypt’s private sector in Nov. appeared first on Csr Egypt.”}]] 

CSR Posts

DHL report: 53% of SMEs would only invest 1-3% of their operating budget in sustainability practices

 

Read More     [[{“value”:”*DHL report: Global average for customers willing to pay more for sustainable shipping is just 23% *81% of respondents of fashion SMEs see sustainability as “extremely important” Most (53%) are only willing to invest 1-3% of their operating budget into sustainable practices. Only 9% of SMEs will invest more than 5%, whilst 16% will invest nothing,
The post DHL report: 53% of SMEs would only invest 1-3% of their operating budget in sustainability practices appeared first on Csr Egypt.”}]] 

CSR Posts

64% of companies in ME& Africa adopt GRI standards

 

Read More     [[{“value”:”GRI continues to be the most widely used by companies across all regions: Asia-Pacific (75%), Europe (71%), Americas (70%), and Middle East & Africa (64%), according to the 2024 edition of the KPMG Survey of Sustainability Reporting. Companies obtaining independent sustainability assurance has risen to 54% in the N100, and 69% of the G250  – reinforcing
The post 64% of companies in ME& Africa adopt GRI standards appeared first on Csr Egypt.”}]] 

CSR Posts

UNCTAD online Data Hub offers new database tracking int’l trade in non-plastic substitutes

 

Read More     [[{“value”:”A new database tracking international trade in non-plastic substitutes is now available on UN Trade and Development’s (UNCTAD) online Data Hub. Such materials can be minerals, wood pulp, or natural fibers like cotton, bamboo and seaweed. They can be used to make more environmentally friendly versions of the shopping bags, utensils, rappers and other plastic products we consume
The post UNCTAD online Data Hub offers new database tracking int’l trade in non-plastic substitutes appeared first on Csr Egypt.”}]] 

CSR Posts

Talabat manager: Company seeks improving conditions of its delivery staff under CSR

 

Read More     [[{“value”:”Mohamed Sekkina, General Manager of Talabat Egypt, said the company is continuously working on improving the conditions of its delivery staff within the framework of its corporate social responsibility (CSR). He added that Talabat Egypt was at the forefront of companies that prioritized providing insurance for temporary workers, in addition to offering training opportunities for
The post Talabat manager: Company seeks improving conditions of its delivery staff under CSR appeared first on Csr Egypt.”}]] 

CSR Posts

CEO of Jumia: Freelancers play crucial role in Jumia’s success

 

Read More     [[{“value”:”Abdellatif Olama, CEO of Jumia Egypt, said freelancers play a crucial role in the operational framework of Jumia Egypt, expounding how they contribute to Jumia’s success. He said they offer a competitive advantage to Jumia by quickly meeting the needs of citizens across various geographical areas. He pointed out that only freelancers can effectively reach
The post CEO of Jumia: Freelancers play crucial role in Jumia’s success appeared first on Csr Egypt.”}]] 

CSR Posts

Avenz Capital’s Wagih stresses need for more partnerships between Egyptian gov’t, private sector

 

Read More     [[{“value”:”Managing Director at Avanz Capital Egypt Haytham Wagih highlighted the need for more partnerships between the Egyptian government and the private sector to stimulate the growth of the small and medium enterprises (SMEs) sector. He made the remarks during the third Egypt Business Solutions Summit, under the theme “Creativity is the Key to Sustainability”. The event
The post Avenz Capital’s Wagih stresses need for more partnerships between Egyptian gov’t, private sector appeared first on Csr Egypt.”}]]