EG THE ARAB CONTRACTORS (OSMAN AHMED OSMAN & CO)
Climate Impact & Sustainability Data (2020-2022)
Reporting Period: 2020-2022
Environmental Metrics
Renewable Energy Share:20% by 2022, 42% by 2035
ESG Focus Areas
- Sustainability
- Safety
- Technology Adoption
- Economic Growth
- Infrastructure Development
Environmental Achievements
- Increased use of lean construction methods to reduce waste and improve efficiency.
- Partnerships to boost green infrastructure and sustainability across Egypt’s cities.
- Plans to increase the share of sustainable power in the nation's total energy from 3% in 2016 to 20% in 2022 and 42% by 2035.
Social Achievements
- Involvement in mega-projects that have been prioritized by the government as key to future economic growth.
- First integrated metro project in Egypt executed by Egyptian contractors as the sole lead EPC contractors.
- Focus on bolstering ties with clients and consultants, which has required sustained financing.
- The dam is set to become a symbol of cooperation between Egypt and Tanzania, with important geopolitical benefits to be gained from Egypt sharing its construction knowledge and expertise.
Governance Achievements
- Investment in technology, human resources and high-quality inputs to ensure projects are completed in a timely manner and in line with international standards.
- Contracts that include fair pricing adjustments to enable large-scale projects to be completed both on time and on budget.
Climate Goals & Targets
Environmental Challenges
- Covid-19 pandemic negatively affected many of the opportunities that would have normally been present in Egypt.
- Low price environment in some markets after the initial outbreak of the virus affected some tenders and the pipeline of projects.
- Logistical and operational challenges have arisen, given that the project is taking place in remote locations, with the dense nature of the forest being a particular issue.
- Raw material inflation.
Mitigation Strategies
- Acquiring resources (such as equipment) that were available in markets where projects were halted.
- Investing in technology, human resources and high-quality inputs.
- Bolstering ties with clients and consultants.
- Contracts that include fair pricing adjustments to account for raw material inflation.
Supply Chain Management
Responsible Procurement
- Just-in-time construction