Emirates NBD Egypt has joined Chapter Zero Egypt, a climate governance association for business leaders in Egypt.
The association, the first of its kind in Africa and the Middle East, is a part of the Climate Governance Initiative (CGI), which was initiated by the World Economic Forum (WEF) and the European Bank for Reconstruction and Development (EBRD).
“We are delighted to welcome Emirates NBD Egypt as a member of Chapter Zero Egypt. Their commitment to embracing sustainable practices and addressing climate risks comes in line with our mission to empowering boards to fulfill their fiduciary duties to better serve their organizations in the long term by raising awareness on climate change and its repercussions, while providing the necessary skills, tools, processes, and information to act,” Ayman Salah, Executive Director of Chapter Zero Egypt, said.
According to the bank, by joining Chapter Zero Egypt, it will gain insight into how to effectively manage its sustainable development efforts, optimise the outcome of available opportunities and navigate challenges.
Salah explained that Chapter Zero Egypt also provides networking opportunities for companies to enhance their climate governance capabilities.
When the association launched last year, Julie Baddeley, Chair of the Climate Governance Initiative’s Governing Board, explained that its core mission is to accelerate climate action in Egyptian organisations.
Amgad Doma, Chief Strategy and Sustainability Officer at Emirates NBD Egypt, commented: “Our collaboration with Chapter Zero Egypt marks a significant milestone in achieving our sustainability and corporate governance objectives. This includes climate change risk management approaches, and leveraging opportunities in renewable energy and green finance, among other initiatives Through this fruitful cooperation, we aim to contribute to a more sustainable future for all, guided by our unwavering responsibility not only to our customers, but the community at large.”