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The Climate Investment Funds (CIF)’s Capital Markets Mechanism (CCMM), rated by Fitch and Moody’s (AA+/Aa1), ...
86% participants in green transition forum vote: Sustainable development vital for firms’ success
The third edition of the Forum on Strategies for Transition to Green Economy raised a question for voting about how far participants in the forum believe that sustainable development is an influential factor in companies’ success and the vote came up with an astonishing outcome.
About 86 percent of the participants voted for the importance of sustainable development for companies’ success.
The forum highlighted that companies included under the Nationally Determined Contributions (NDCs) for sustainable development were 80 percent higher in performance than other companies.
Investors have more appetite to invest in sustainable companies because of enjoying higher quality performance and this helps these companies to get more revenues, according to the forum.
The forum – organized by CSR Egypt – opened earlier Monday under the theme of “Sustainable Financing and Green Investment”.
The forum – under the auspices of Prime Minister Moustafa Mabdouli – aims to create opportunities and effective partnerships among the parties concerned and those interested in achieving sustainable development in the country in addition to giving a push to the shift towards green economy and circular economy in order to face future risks.
The forum represents an interactive platform for the parties concerned with green growth to discuss various issues related to realizing green recovery and accelerating sustainable economic growth efforts in various sectors.
The forum also addresses means of creating opportunities in the fields of recycling, sustainable agriculture, and clean energy.
The event also tackles the challenges besetting the achievement of these goals as well as means of implementing the Egypt 2030 Vision and magnifying the benefit of Egypt’s potentials.
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