Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    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 to inaugurate Grand Egyptian Museum on 1 November    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.



Egypt, UNDP to collaborate on SDG Impact Investing
Initiative responds to growing interest from investors in making positive impact on society beyond pure financial returns
Published in Daily News Egypt on 28 - 02 - 2021

Egypt's Ministry of International Cooperation, together with the United Nations Development Programme (UNDP) are set to collaborate on Sustainable Development Goal (SDG) Impact Investing.
The two sides will explore joint efforts to promote this initiative, covering Environmental, Social and Governance (ESG) principles, and the alignment of investor capital with the SDGs.
As part of this broader scope of work, the UNDP and the Egyptian private equity Catalyst Private Equity (CPE) will put in practice an impact measurement towards the SDGs of private sector enterprises and private investments.
The initiative responds to growing interest from investors and businesses alike in making a positive impact on society beyond pure financial returns.
Globally, it is estimated that an additional $2.4trn a year will be needed to achieve the SDGs by 2030. A large portion of this financing will need to come from the private sector, which is increasingly investing in businesses that contribute positively to the SDGs. This comes in addition to being financially as profitable or more compared to mainstream investments.
"Egypt is committed to the principles of stakeholder capitalism, formulating inclusive economic policies to incorporate all societal actors and aligning them towards a common purpose including environmental, social and governance (ESG) indicators," said Egypt's Minister of International Cooperation Rania Al-Mashat, "Creating sustainable value creation through impact investing plays a fundamental role in achieving positive measurable outcomes for the society in addition to adequate financial returns."
To jump-start practices in Egypt, the UNDP and CPE partnership will apply globally recognised impact measurement principles, standards and tools to a concrete pool of investment-ready small- and medium-sized enterprises (SMEs). This will help them measure and manage their impact with a practical impact measurement manual and a user-friendly digital platform.
"The UNDP is keen to help trigger investment that has positive impact towards the SDGs and UNDP has been promoting Impact Investment and impact management at the global level and in Egypt since 2018," according to Randa Aboul-Hosn, UNDP Resident Representative in Egypt, "This partnership is a first step towards putting in practice global SDG Impact standards in the nascent impact business ecosystem in Egypt."
Aboul-Hosn also said that the collaboration is a first practical step, but that the path being embarked upon is long and important.
She noted that it links credibly and quantitatively the intended impact of businesses with their management decisions and their results, and creates a powerful feedback loop that harnesses the size and energy of the private sector.


Clic here to read the story from its source.