Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    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.