Egypt's stocks close in red on Monday as benchmark EGX 30 dips 0.07%    Egypt's stocks start week higher, benchmark EGX 30 gains 0.48%    Fitch affirms Egypt's long-term foreign currency issuer default rating at B+    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Russia to lift COVID restrictions on flights to Egypt's Red Sea resorts on Nov. 9    Egypt, Greece ink deal for first subsea power link between Europe and Africa    Egypt hosts regional conference of EU refugee agency EASO    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    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    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    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    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







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



Egypt signs Nairobi Declaration on Sustainable Insurance
Under declaration, leaders of insurance industry in Africa are committed to supporting UN's sustainable development goals
Published in Daily News Egypt on 04 - 05 - 2021

Egypt's Regional Center for Sustainable Finance (RCSF), an affiliate of the Financial Regulatory Authority (FRA), has signed the Nairobi Declaration on Sustainable Insurance as a founding party of the agreement.
The signing was undertaken by CEO of RCSF, Sina Habous, and came during the centre's virtual participation in an African conference, held under the auspices of the Principles for Sustainable Insurance (PSI) initiative of the United Nations Environment Program (UNEP) last month.
Under this declaration, leaders of the insurance industry in Africa are committed to supporting the UN's sustainable development goals (SDGs).
Habous said that the declaration aims to accelerate solutions to major sustainability challenges, especially in the wake of the novel coronavirus (COVID-19) pandemic, which has slowed SDG achievement.
The SDGs come with a common global vision that focuses on: eradicating poverty; saving the planet from climate change; loss of biological diversity; degradation of the ecosystem; and pollution; and target building a prosperous and peaceful world. However, the pace of progressing towards these goals has been slow.
Habous added that, given the key role of the insurance industry in promoting economic, social and environmental sustainability, representatives of the insurance industry participating in the conference declared their commitment to measures to assess the environmental, social, and governance (ESG) criteria.
They would also uncover risks and opportunities related to climate change in accordance with the recommendations of the work group, to disclose the financial impacts of climate change.
This work group is affiliated to the Financial Stability Board, known as the Task Force on Climate Financial Disclosure (TCFD).
Habous explained that the Nairobi Declaration included ensuring that Africa's insurance industry supports the SDGs within the insurance industry itself, and utilising insurance products and solutions to help reach these goals.
Moreover, special attention will be given to insurance investments supporting the transition towards a resilient economy that is free of emissions.
This is in addition to engaging with policy makers and regulatory bodies and industry associations to address the key sustainability issues of the African insurance industry.


Clic here to read the story from its source.