EGX: A Pioneer In Sustainability Efforts
The Egyptian Exchange (EGX) was one of four pioneer exchanges that joined the United Nations' Sustainable Stock Exchanges initiative (SSE) in 2009. The aim of the initiative, founded by the UN Secretary-General is to increase exchange-listed companies' transparency and commitment to environmental, social and corporate governance issues.
Currently, there are nineteen exchanges that are partner exchanges to the SSE initiative including BM&FBOVESPA, Borsa Istanbul Stock Exchange, Bombay Stock Exchange, Colombian Securities Exchange, Deutsche Börse, Johannesburg Stock Exchange (JSE), Egyptian Exchange (EGX), London Stock Exchange Group (LSE), Mexican Exchange (BMV), NASDAQ OMX, Nigerian Stock Exchange, NYSE Euronext, Stock Exchange of Thailand (SET), Warsaw Stock Exchange, Jamaica Stock Exchange (JSE), Bucharest Stock Exchange (BVB), Nairobi Securities Exchange (NSE), Bolsa de Valores de Lima (BVL), and Bolsa de Comercio de Santiago.
The SSE is co-organized by the United Nations Conference on Trade and Development, the United Nations Global Compact Office, the United Nations-supported Principles for Responsible Investment and the United Nations Environment Programme Finance Initiative. For more information about SSE please visit http://www.sseinitiative.org and for the Egyptian Exchange Communication to Stakeholders please click here
Additionally, EGX launched its S&P EGX ESG index in March 2010; the first & only ESG index in the Middle East and North Africa Region designed to track the performance of companies listed on EGX that demonstrate leadership in environmental, social and corporate governance (ESG) issues. For more information about S&P EGX ESG index, please click here
EGX is also an active member of the Sustainability Working Group (SWG) of the World Federation of Exchanges that was established in March 2014, as it become Vice Chairman of SWG in May 2016 for a term of two years.
As a professional organization, EGX is a great believer of sustainable development to meet the needs of the present without compromising the ability of future generations to meet their own needs. EGX would endorse any sustainable business practices in Egypt that would adopt more environmentally friendly and energy efficient solutions, to ensure prosperity for future generations.
EGX will facilitate the listing process for any prospective companies in eco-industries such as renewable energy, waste recycling, transport etc. EGX diverse platform provides finance for eco-industries via IPOs; bond or sukuk financing; or specialized infrastructure funds.
For EGX Communication to Stakeholders click here
For EGX Model Guidance for Reporting on ESG Performance and SDGs click here
For EGX Model Guidance for Reporting On ESG Performance and SDGs Executive Summary click here
For the Sustainability Newsletter click here
Supporting Gender Equality as one of the main drivers for sustainable capital markets, EGX provides the SSE Gender Equality Report 2017 Online. The report examines the contribution exchanges can make toward Sustainable Development Goal (SDG) Target 5.5: Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic, and public life.
For SSE Gender Equality Report 2017 click here