With regards to the achievement of a the 2050 sustainable and
constructive change climate strategy in Egypt, especially after the
Financial Regulatory Authority's success in the first issuance
of green bonds in the Egyptian capital market worth $ 100 million
for the interest of one of the listed companies in the Egyptian
Stock Exchange, as it's proceeds have been directed to finance
environmental projects in order to use clean energies and mitigate
the factors leading to the rise in temperature; mainly after the
society's increased awareness of the danger of climate change
as a whole after the irreversibility of the environmental
damages.
And in light of the Egyptian capital market being at the
forefront of the scene of enacting laws and standards for
disclosures of the financial impact of climate change, right after
the European Union; hence, it was crucial to address the management
of climate risks facing businesses and government agencies.
