As governments and companies inch toward the deadlines for meeting their climate pledges, they must develop sustainable business models that meet the climate challenges and risks. Elsewedy Electric is one of Egypt’s pioneers, having reported on its environmental, social, and governance (ESG) goals since 2017. The Financial Regulatory Authority only announced in May that listed companies must file such reports in 2023.
For their efforts, Elsewedy Electric received the European Bank for Reconstruction and Development (EBRD) sustainability award for 2022 for environmental and social best practices at its logistics facility in Sixth of October City. Additionally, it has supplied Sharm el Sheikh with 25 electric-car chargers powered by solar panels as a gift ahead of the 27th Conference of the Parties in November.
Manal Hassan is the group chief sustainability officer of El Sewedy Electric Foundation and vice-chairwoman of Elsewedy Electric. In an exclusive interview with Business Monthly, she discussed how the upcoming UN Climate Change Conference (COP27) might benefit Egypt and how more profound knowledge and better reporting are vital to achieving environmental targets.