Egypt Kuwait Holding Company S.A.E
Climate Impact & Sustainability Data (2007, 2008, 2009)
Reporting Period: 2007
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: KPMG Hazem Hassan
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2008
Environmental Metrics
ESG Focus Areas
- Safety
- Environment
- Corporate Social Responsibility (CSR)
- Human Resources
Environmental Achievements
- Several subsidiaries acquired ISO 14001:2004 EMS environmental safety management system certifications.
- NATGAS completed 13,000,000 hours without injury.
Social Achievements
- Significant investment in employee training on safety measures and environmental impact minimization.
- Commitment to sustainable development of emerging economies and community improvement.
- Special event held to commemorate the company's ten-year anniversary.
Governance Achievements
- Stringent investment process with an investment committee for approval.
- Joint strategy development between portfolio company management and EK Holding.
Climate Goals & Targets
Environmental Challenges
- Global market decline in the second half of 2008.
- Economic uncertainty.
Mitigation Strategies
- Focus on nurturing the current portfolio.
- Opportunistic seeking of new deals within existing lines of business.
- Strength of the portfolio considered a mitigating factor during economic uncertainty.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2009
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Tri-Ocean Carbon and Renewable closed its first emissions reduction project in Kafr Al Dawar, Egypt, converting textile factories from fossil fuels to natural gas, drastically reducing carbon emissions.
- Reduced carbon emissions by 45,000 tons per year through conversion of textile factories to natural gas.
Social Achievements
- Lead sponsor of a team training conference at the American University in Cairo (AUC) organized by SIFE.
- EKH’s Chief Operating Officer, Ashraf Gohar, spoke at the SIFE event and encouraged students to develop their leadership skills.
Governance Achievements
- EKH is transparent with its shareholders, clients, regulatory authorities and the EGX. The Board of Directors and management team of EKH are ultimately accountable and responsible for the performance of the company.
- EKH has allocated an Audit Committee that is made up of 3 non-executive board members and one specialized non-board member.
Climate Goals & Targets
Environmental Challenges
- The year 2009 was a notably challenging year for businesses, investors and individuals throughout the world due to economic turmoil.
- Accessing liquidity has been difficult.
Mitigation Strategies
- Established strong relationships with banks throughout the region that trust our way of doing business and are confident that our investments are on solid ground.