Emirates NBD Egypt has released its inaugural yearly sustainability report, covering January 2021 to December 2023, affirming its steadfast commitment to sustainability.
The report outlines the environmental, social, and corporate governance standards implemented by Emirates NBD Egypt. It adheres to the latest global benchmarks set forth by the Global Reporting Initiative, the Sustainability Accounting Standards Board and the International Integrated Reporting Framework.
Furthermore, it aligns with Egypt’s Vision 2030, the United Nations Global Compact and the United Nations Sustainable Development Goals. Such alignment strengthens the bank’s position as a leader in the Egyptian banking sector and cultivates a sustainable culture throughout the organisation.
The report reflects the bank’s strategic approach on environmental, social, and governance (ESG) levels across its operations. It aligns seamlessly with the rapid steps taken by Emirates NBD Group, aimed at achieving sustainable development to meet the needs of all relevant stakeholders, including clients and investors, as it underscores a proactive approach to addressing potential risks.
“We firmly believe that solidifying the bank’s position in the banking sector and achieving accelerated growth rates are inherently linked to embracing sustainability principles, which have become integral to Emirates NBD Egypt’s strategy,” said Amr El Shafei, CEO and Managing Director of Emirates NBD Egypt.
Emirates NBD Egypt is distinguished by a dedicated governance policy that instils governance principles among shareholders, board members, employees, and other stakeholders. Due to its unwavering dedication to diverse sustainability standards, it witnessed robust performance in 2023, achieving a net profit of EGP3.23 billion compared to the preceding year.
The inaugural sustainability report of Emirates NBD Egypt encapsulates the steadfast dedication to sustainability principles across all facets of operation over three years.
