Hassan Ghanem, Chairperson and Managing Director of the Housing and Development Bank (HDB), has honoured the young winning bankers in the research competition that was held on the role of banks in supporting the state’s plan to transform into the green economy. The honouring ceremony took place during the participation of the HDB in the activities of the People and Banks Conference in its 16th edition, under the title “The role of the banking sector in supporting the national economy”, in the presence and participation of a large number of ministers and leaders of the banking sector and the finance and business sector. In this context, Hassan Ghanem praised the role of the Egyptian banking sector, led by CBE, and its efforts in promoting the transition towards a green economy and sustainable development, by increasing green investment, which contributes to mitigating the effects of climate change, in addition to establishing an independent department for sustainability and sustainable financing within banks. In addition to obliging it to include executive policies and procedures for sustainable financing within the bank’s credit and investment policies, with the help of an environmental consultant to evaluate major corporate projects to be funded from an environmental perspective. He pointed out that the issuance of such instructions is an effective step to enhance the role of the banking sector in achieving the state’s vision, advancing the transition towards a green economy and facing environmental and social risks.
