RAYA HOLDING COMPANY FOR FINANCIAL INVESTMENTS (S.A.E)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:50% target for Raya Foods by 2025
Waste Generated:2651 tons in 2021 (7.8% recycled)
ESG Focus Areas
- Climate Change and Energy Management
- Environmental Management
- Material Efficiency and Circular Economy
- Occupational Health and Safety
- Human Capital Development
- Employee Diversity and Inclusion
- Financial Inclusion
- Customer Experience and Services Quality
- Community and Social Impact
- Business Ethics and Integrity
- Quality, Compliance, and Risk Management
- Data Security and Cybersecurity
- Customer Data Privacy
- ESG data Digitalization
- Responsible Investment
Environmental Achievements
- 87.5% reduction in CO2 emissions with CCHP
- 7% reduction in power consumption at Galleria40
- 30.65 tons of e-waste recycled, saving around 57.5 tons of CO2 emissions
- Transitioned 31 trucks to natural gas in Ostool, resulting in a 77% reduction in particle emissions and an 11% decrease in CO2 emissions
Social Achievements
- Recognized as a Top Employer for the second consecutive year
- 82% Employee Engagement Index (ECHO 2023)
- 8.5% decrease in employee attrition YoY
- 39.5% of total loans to women-led businesses
- Provided 5,000 meals during the back-to-school season through partnership with the Egyptian Food Bank
- Distributed 1,500 POS machines recharged with EGP 500 in Luxor, Beni Suef, and Fayoum
Governance Achievements
- Restructured Raya Customer Experience’s Board of Directors
- Established six key committees: Audit, Remuneration and Nomination, Sustainability, ESOP, Investment, and Governance and Risk Management
- Implemented a comprehensive Code of Conduct (COC)
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050 (implied by UNGC Climate Ambition Accelerator participation)
Medium-term Goals:
- Public listing of some platform companies on the EGX
- Expand IQF operations to 45,000 tons in Raya Foods
Short-term Goals:
- Double the contribution from foreign currency revenue within the next five years
Environmental Challenges
- COVID-19 pandemic
- Inflation
- Supply chain disruptions
- Increased competition
- Regulatory changes
- Foreign currency shortages
- Geopolitical unrest
- FX instability
Mitigation Strategies
- Shift to remote work
- Localizing raw material sourcing
- Differentiation strategies
- Growing foreign currency-denominated revenues
- Increasing exports and expanding into Africa and Asia
- Cost-efficiency measures
- Robust risk management strategies
Supply Chain Management
Responsible Procurement
- Partnerships with reputable suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, UNGC, TCFD
Certifications: ISO 14001, ISO 45001, ISO 9001, LEED Gold (Galleria40), COPC (RCX)
UN Sustainable Development Goals
- Goal 4 (Quality Education)
- Goal 10 (Reduced Inequalities)
Initiatives focus on human capital investment, empowering youth, and promoting social and economic inclusion.
Sustainable Products & Innovation
- Electric vehicles (Raya Auto)
- Energy-efficient buildings (Raya Smart Buildings)
Awards & Recognition
- Forbes Egypt’s Top 50 listed companies
- Fortune 500 Arabia list
- Employer of the Year for 2023