Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Financial Inclusion
• Education
• Healthcare
• Renewable Energy
• Community Development
• Governance
• Cybersecurity

Environmental Achievements

• Transitioned over 100 schools in Luxor and Aswan to clean solar energy, reducing emissions by 250 tons CO2/year per school and generating 700kWh/year per school.
• Vortex Energy delivered 4.6 TWh of clean energy, displacing approximately 4.5Mn metric tonnes of carbon dioxide equivalent (MTCO2e).
• Vortex Energy anticipates to significantly expand its global impact by developing, constructing, and managing more than 10 GW of renewable energy generation and battery storage assets that will create a net saving of at least 45Mn MTCO2e from the electric grids from its first investment alone.

Social Achievements

• Launched the Egypt Education Platform (EEP), with a portfolio of 25 assets and approximately 20k students.
• Acquired Selah El Telmeez, Egypt’s premier provider of educational content.
• Tanmeyah Microfinance served over 2M clients since inception, with 49% of active borrowers being female.
• EFG Hermes Foundation implemented three integrated development projects in Upper Egypt, reaching over 500,000 beneficiaries.
• Increased the number of female employees from 25% to 40% at Kaf Insurance.

Governance Achievements

• Submitted fourth transparency report as part of commitment to the UN PRI.
• Renewed commitment to the United Nations Global Compact (UNGC).
• Expanded ESG policy to address growing NBFI platform.
• Updated audit and compliance procedures.
• Incorporated ESG factors into business manuals and processes.

Climate Goals & Targets

Environmental Challenges

• Geopolitical crises jeopardizing supply chains.
• Inflation and price volatility.
• Cost-of-living crisis.
• Cybersecurity threats.

Mitigation Strategies

• Building a fair, sustainable system to mitigate the compound effects of successive crises.
• Embedding factors that increase resilience in all activities.
• Enhancing cybersecurity effectiveness through sustainable practices.
• Implementing AI and ML-driven security solutions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Investment in renewable energy infrastructure.

Reporting Standards

Frameworks Used: UN PRI, UNGC, TCFD

Certifications: ISO 22301, ISO 31000:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• EFG Hermes One platform promoting ESG-themed ETFs.

Awards & Recognition

• Forbes Middle East recognition of CEO Karim Awad.
• Gulf Business ranking of CEO Karim Awad.
• Award for Mona Zulficar from H.E Egyptian President AbdelFattah Elsisi.
• Diligent Modern Governance 100 recognition of Hanaa Helmy.
• IDC recognition of Hanaa Helmy.
• Financial Times and Statista recognition as one of Africa’s Fastest Growing Companies.
• Euromoney 2022 Award for Excellence and Market Leaders in the category of Best Bank for Corporate social Responsibility – Egypt.
• Sustainability Champions award from Egypt’s Financial Regulatory Authority (FRA).
• Corp-Solutions receiving Sustainability Champions award.
• Entrepreneur Middle East Leaders in FinTech Award 2022 for EFG Hermes One.