The First Egyptian Public Institution in the Region That Issues Annual Sustainability Report

In an important step of EGX management towards achieving its strategy of becoming a sustainable institution and leading the listed companies and the various market participants for accomplishing the objectives of sustainable development, EGX has issued the first Annual Sustainability Report at the level of the Egyptian public institutions.

In this context, Dr. Mohamed Omran, EGX Chairman said that issuance of the report aims to monitor the most important initiatives EGX has accomplished in the field of sustainable development during the past year (2016). It has witnessed the accession of the exchange to the Global compact, as well as signing of “Marrakech Commitments for the Development of Green Capital Markets in Africa”. EGX has also won the position of Vice President of the Sustainability Committee of the World Federation of Exchanges (WFE).

Dr. Omran pointed out that EGX is one of the most effective institutions on the regional and global levels in the field of sustainability of the financial markets. This would give incentive to other public institutions to take serious steps in this regard because of its positive impact on the business environment and the investment climate.

Worth mentioning that EGX has issued in October last year “The Guidance Manual Of ESG of Listed Companies” as the first guide of its kind regionally. It aims at helping the listed companies to apply the principles of sustainability in their activities and in the issuance of their reports; EGX held training for the management of these companies to apply the principles which reflects positively on their performance and enhances the transparency and efficiency of the market as a whole.

For more details on the Annual Sustainability Report 2016, please refer to the below link the website at:

http://www.egx.com.eg/getdoc/a8c81b52-f8ba-4243-a489-2e30eb2bcecb/Sustainability-Report-2016_en.aspx

And “The Guidance Manual Of ESG of Listed Companies” please refer to the below link: