Egypt - The banking sector always supports community and development initiatives launched by the state, says Lamise Negm, Advisor to the Governor of the Central Bank of Egypt (CBE) for Corporate Social Responsibility (CSR), and Head of sustainability committee at the Federation of Egyptian Banks. During the meeting, Negm presented the efforts of the banking sector and its societal and development initiatives to support the neediest groups and achieve Egypt’s Vision 2030. Negm expected an increase in banks’ CSR contributions in the coming months, given the banking sector’s role in supporting the initiatives related to the upcoming climate summit “COP27” next November. The initiative aims to develop a map at the governorate level for green projects, link them to funding agencies, and attract the necessary investments. It also focuses on projects that achieve environmental sustainability standards that enhance energy and resource efficiency, biodiversity, and ecosystem services that help adapt to climate changes.

Source: Daily News Egypt October 24, 2022 06:11 UTC