CAIRO - 1 November 2020: Minister of International Cooperation, Rania Al Mashat, participated in the European Sustainable Development Goals (SDG) Summit for 2020, which makes it the first for Egypt to ever take part in the annual gathering. The summit brought together a worldwide community of more than 5,000 sustainability leaders, including business representatives, industry federations, national partner organizations, NGOs, and policy makers to promote dialogue on how to strengthen sustainable supply chains and create an economic system that contributes to the UN SDG Goals. GLOBAL SUPPLY CHAINS THROUGH THE LENS OF SDGsLooking at global supply chains through the lens of the SDGs, the minister highlighted the significant role of global supply chains in achieving the SDGs, as it represents over 80% of global trade and engages over one in five workers. In regards to the private sector, she added that the SDGs explicitly call on businesses to solve sustainable development challenges, as business is considered to be a vital partner in achieving sustainability and the development goals. To push for sustainable supply chains, Al Mashat stated that governments and policy makers should practice “stakeholder capitalism,” which are principles that foster and promote meaningful engagement and offer economies a unique opportunity to prioritize a circular economy centered around human and social aspirations.

Source: Egypt Today November 01, 2020 14:59 UTC