EGX Finalizes Carbon Emissions Training Program for Investors Relations Officers
20/09/2022
The Egyptian Exchange (EGX) finalized a training program for the
IR officers on sustainable development practices in relation to the Financial
Regulatory Authority (FRA), decree No. 108 of 2021. The three days training course held in the
presence of Investor relation representatives of listed companies to tackled
issues related to the mechanisms and drafting reports on climate risk reporting
TCFD in cooperation with Standard and Poor's S&P Global.
Rami El-Dokany stressed on the importance of continuing efforts for the capacity building of
IR officers to be up to date with the ongoing developments in the capital
market industry, especially ESG practices in light of the growing interest of
international investors in companies' commitment to ESG practices in their
businesses.
El-Dokany added that EGX is planning to organize similar workshops and activities
onwards. He pointed out that EGX
organized related activities with international entities for the 103 listed
companies that should abide to FRA’s decree No 108.
Worth
mentioned that a training program on climate impact disclosure (TCFD) in June
2022, in collaboration with the United Nations Sustainable Stock Exchange Initiative
(UN-SSE), the International Finance Corporation (IFC) and the Carbon Disclosure
Standards Board (CDSB).