Egypt joins Geneva negotiations on Global Plastics Treaty, calls for urgent agreement    Egypt delivers over 30 million health services through public hospitals in H1 2025    Madinet Masr in talks for three land plots in Riyadh as part of Saudi expansion    Egypt's PM tells Palestinian PM that Rafah crossing is working 24/7 for aid    Egypt, Japan discuss economic ties, preparations for TICAD conference    Real Estate Developers urge flexible land pricing, streamlined licensing, and dollar-based transactions    Egypt's Sisi pledges full state support for telecoms, tech investment    EGP inches down vs. USD at Sunday's trading close    EGX launches 1st phone app    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Investment ministry report calls for more CSR
Published in Daily News Egypt on 27 - 01 - 2008

CAIRO: It is necessary to develop a unified vision for private sector involvement in social responsibilities, human development and poverty reduction, said a recent report published by the Ministry of Investment.
The report states that private sector companies can take part in reducing poverty by paying attention to the poor as a major part of their agenda, the Ministry of Investment's press office told Daily News Egypt.
In coordination with the United Nations Development Program (UNDP), the Ministry of Investment published a report on corporate social responsibility titled Business Sector Solutions for Human Development.
The report comes within the ministry s initiative to encourage the private sector to take part in improving the living conditions of people in lower-income brackets, to combat poverty and to improve the overall status of human development in Egypt.
Although the private sector has already shown strong commitment in overcoming obstacles that hinder social and economic development, it still considers these activities as additional or voluntary, the ministry said in a statement.
Although the human resources base is one of Egypt's major assets and despite valuable input by some large companies in human development efforts, there is a lot to be done in order to have all business institutions take part in development, said Minister of Investment Mahmoud Mohieldin.
The report calls on the private sector to step up efforts to confront the development pressures of a growing population and meet the budget deficits of the public sector.
The report sheds light on the international experiences of private sector involvement in development, juxtaposed next to Egypt s efforts in the field. It reviews the business community in Egypt and points out how companies can take part in achieving development goals via private institutions.
Prepared by a team of experts and academics in cooperation with non-profit private institutions, the report also discusses the role of NGOs, business associations, chambers of commerce, businessmen unions and international agencies in organizing development efforts
Mohieldin encouraged businesses to cooperate with the Ministry of Investment and the UNDP in enhancing corporate social responsibility programs in Egypt through the Egyptian Institute of Directors.


Clic here to read the story from its source.