EGX Chairman Participates in Egypt International Cooperation Forum (Egypt-ICF 2022)
11/09/2022
10/09/2022
Mr. Rami El-Dokany, Executive
Chairman of the Egyptian Exchange (EGX), contributed in the International
Cooperation Forum (Egypt-ICF 2022) in its second edition held in Cairo from 7th
to 9th September 2022, in preparations of the COP27 Conference, to be held in
Sharm el-Sheikh next November.
Rami El-Dokany participated as a
speaker in the session entitled “Landscape of Climate Finance in Africa”,
discussing the current situation on the African continent to finance projects,
and their economic returns, to achieve climate balance and reduce carbon
emissions. El-Dokany said that EGX is the first market in the region and the
second internationally to launch a sustainability index S&P/EGX ESG index.
El-Dokany stressed the persistence
of EGX for IR capacity building, especially in sustainability, to develop tools
and mechanisms of communication with investors that affect sustainability
indicators and efforts in their investment decisions.
He explained EGX’s keenness to continue its
activities for the efficiency and depth of the capital market by diversifying
investment options- especially those with a social and environmental impact -
in front of all types of investors.
He pointed out that the carbon platform which
is currently being developed by EGX, will make Egypt a strategic center for all
African projects from various economic sectors aimed at achieving economic
returns from plans and efforts to reduce carbon emissions and commitment to the
practices and goals of sustainable development.
EGX’s Chairman stressed the
necessity to focus on the improvement of data quality announced on projects
aimed at reducing carbon emissions, pointing out that the limited data
available on this type of projects on the African continent affects the
potential of those projects to obtain appropriate funding.