Corporate Sustainability in The World Economy
Global Compact Network Egypt
UN Global Compact Network Egypt was launched in Cairo, in February 2004 by Mansour Group and the UNDP Egypt. In 2015, Global Compact Network Egypt became an independent entity in the form of a foundation, which provides the network Secretariat and manages the operation of the Local Network. Our mission is to empower the private sector to develop sustainable models, in addition to improving national capacity to design and monitor sustainable responsible policies. We currently have more than 117 participants with the majority of them being linked to large business sectors … Read More
The Global Compact Local Network Egypt was launched in February2004 by Mansour Group and the United Nations Development Programme(UNDP) in Egypt.
To ensure that the Global Compact Network Egypt is Egypt’s most elite and effective hub, along with 8 pioneering companies the Global Compact Network Egypt foundation falls into place.
In order to provide continuity, proper governance, and acceptable outcomes for Egypt Network participants, the following are the key elements in the management of the programme:
“ WE ARE CAPABLE OF
MORE THAN WE KNOW ”
verything we do makes a difference and we have to decide what kind of difference we want to make. Transparency, Accountability and sustainability are today’s slogans of the globe, rooted in this is the core of UN-Global Compact ‘ the world’s largest voluntary corporate citizenship initiative for sustainable and socially responsible tomorrow, for us and our future generations’.
Companies have to change the way they think about products, technologies, processes, and business models. The key to progress, particularly in times of economic crisis, is innovation. By treating sustainability as a goal today, early movers will develop competencies that rivals will be hard-pressed to match. That competitive advantage will stand them in good stead, because sustainability will always be an integral part of development.
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Corruption is a considerable obstacle to economic and social development around the world. It has negative impacts on sustainable development and particularly affects poor communities.For companies, corruption impedes business growth, escalates costs and poses serious legal and reputational risks.
The Principles for Responsible Management Education (PRME) is a UN Global Compact sponsored initiative with the mission to inspire and champion responsible management education, research and thought leadership globally. Higher education institutions become signatories to the six Principles for Responsible Management Education.
The case for action is clear – climate change has begun to impact all regions of the world and sectors of society, threatening global development and undermining the foundation of the global economy. Yet addressing the climate challenge also is opening up new opportunities for societies to grow and prosper.
Be the Champion of the Pillar
It has been an absolute pleasure at Al Mansour Holding Company to work with UN Global Compact networks across the globe and specifically internally here in Egypt, Respecting these principles will ensure best practices today and a better future tomorrow paving the way for sustainable business models that will positively impact future generations to come.
We are proud of being a founder of the UN Global Compact Egypt Network and committed to the ten principles of the Global Compact and having them as an integrated part of our law firm’s operation strategy. The true adoption of the ten principles is one of the main reasons that positively influence the growth and success of our law firm.
We are confirming our continued commitment to the Ten principles of the UN Global Compact that constitute a good foundation for driving progress in a values – based management company like TITAN while providing the framework for collaboration at all levels. TITAN Egypt has signed the UNGC pledge in 2014 and since then engaged to actively participate in the local Global Compact network aiming both at awareness building and collaboration with key stakeholders, to further embed the Ten principles. TITAN Group has been among the first 500 signatories of the UNGC worldwide and is involved in the development of the local networks in the countries that currently operate and particularly in Greece, Serbia, FYROM and Egypt
As the leading Investment Bank in the Middle East, we at EFG Hermes are proud founders of the Global Compact Network Egypt. We have been working with the GCNE and partner organizations on creating a responsible business climate, whereby organizations move away from the traditional business conduct towards creating partnerships for sustainable development to serve this generation and the future ones. We are glad to be part of a diverse team within the Network. We hope to see more members joining the GCNE in the next 2 years to allow for more sustainable practice and a prosperous future for Egypt.
In these challenging times, it is important to be part of such network as UN Global Compact Network Egypt to work and collaborate toward more sustainable societies. At Raya, we are proud to be an active participant in the UN Global Compact for ten years now adhering to its principles to promote responsible business practices. We as private sector have the responsibility, commitment and willingness to make a positive difference on the communities we serve and on the lives we impact.
“Being chosen as Egypt chapter founding members of an organization that will help create awareness on the importance of investing responsibly within the parameters of the UN's Sustainable Development Goals and Egypt’s Vision 2030 gives me great pride. Since inception Qalaa Holdings has made the principles of sustainability, inclusivity, stewardship and innovation central to our growth as an institution. Our work with the UNGC affirms our unyielding belief that the participation and collaboration of all stakeholders--public, private, and civil society--is necessary in order to achieve sustainable development. We look forward to working closely with the UNGC Network and our fellow founding members so that we may lead by example to drive sustainable economic growth in Egypt."