First Abu Dhabi Bank Misr (FABMISR) has signed the United Nation’s ‘Women’s Empowerment Principles (WEPs), it has announced.
Launched by the UN Women in collaboration with the UN Global Compact, WEPs provide guidance for institutions to support gender equality and women empowerment in the workplace, society and the overall community.
Through signing the Women’s Empowerment Principles, FABMISR joins a network of 100 Egyptian institutions and over 8,500 global organisations.
The seven principles include:
- Establishing an organisational commitment to achieving gender equality,
- Treating all employees from both genders fairly and without discrimination,
- Ensuring the health, safety and well-being of all female and male workers,
- Promoting education, training and vocational development for women,
- Achieving sustainable development for projects and practices related to supply chains and marketing that empower women,
- Enhancing equality through community initiatives and awareness programs, and
- Measuring the public reporting of progress in achieving gender equality with full transparency.
During the signing, Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said: “We are proud to adopt the United Nations’ Women’s Empowerment Principles. It is a fundamental pillar in FABMISR’s sustainability strategy to empower women and enhance their leadership roles in the workplace, economy, or society. This commitment does not just enhance our organizational performance, but also fosters innovation and economic growth. This commitment reflects FABMISR’s support of the state’s efforts to achieve Sustainable Development Goals, especially the UN’s fifth goal embedded in Egypt’s Vision 2030, emphasizing gender equality and empowering all women and girls.”
Meanwhile, Christine Arab, Country Representative, UN Women Egypt, commented: “UN Women Egypt commends FABMISR’s recent commitment as a signatory to the Women’s Empowerment Principles (WEPs). We welcome the bank’s adoption of more practices that contribute to a more inclusive and diverse work environment for women, as a key step to achieving the Bank’s broader vision for its clients, and UN Women looks forward to partnering with them in this process. It is hoped that FAB Misr’s engagement in the WEPs will encourage more financial institutions to join the WEPs community to enhance women’s economic empowerment.”