على هامش مشاركتها في مؤتمر ومعرض مصر الدولي للبترول "إيجبس"
القاهرة، 27 فبراير 2022: وقعت شركة شل مصر، مذكرة تفاهم مع الشركة المصرية القابضة للغازات الطبيعية "إيجاس"، في مجال مشروعات إزالة الكربون من مُنْشَآتٌ إنتاج ومعالجة الغاز الطبيعي في مصر لتعزيز الانتقال للطاقة النظيفة. جاء ذلك على هامش مشاركة ورعاية شل مصر لمؤتمر ومعرض مصر الدولي للبترول "إيجبس"، المنعقد تحت رعاية الرئيس عبد الفتاح السيسى، والذي يعد المعرض الرائد في قطاع النفط والغاز والطاقة في منطقة شمال إفريقيا والبحر الأبيض المتوسط.
يأتي توقيع مذكرة التفاهم في إطار استراتيجية شركة شل مصر التي تهدف الى الإسراع في التحول إلى شركة ذات انبعاثات صفرية، بما يتماشى مع المجتمع، وتأييداً لرؤية قطاع البترول للطاقة المتكاملة والمستدامة بما يساهم في تحقيق أهداف رؤية مصر 2030 للتنمية المستدامة.
وبموجب مذكرة التفاهم يتعاون الطرفان في تحديد خيارات إزالة الكربون المنبعث من مُنْشَآتٌ معالجة الغاز المصرية وإجراء تقييم مشترك لجدوى إزالة الكربون فى هذه الأصول. ويتضمن التعاون بين شركة شل مصر و"إيجاس" تحديد المُنْشَآتٌ المستهدفة التي يمثل خفض انبعاثات ثاني أكسيد الكربون منها محل اهتمام وزارة البترول والثروة المعدنية، وتبادل أفضل الممارسات فيما يتعلق باستراتيجيات إزالة الكربون، بالإضافة إلى تقييم الجدوى الفنية والمالية لهذه الاستراتيجيات.
وفي سبيل وضع الإطار العام لهذا المشروع الحيوي الذي يستهدف الوصول إلى طاقة نظيفة ومستدامة يقوم الطرفان بموجب مذكرة التفاهم بالتواصل والتنسيق مع مختلف الجهات المعنية للإسهام في دراسات الجدوى وتحديد الإطار الزمني اللازم لاستراتيجيات إزالة الكربون وحتى دخولها حيز التنفيذ.
قال خالد قاسم، رئيس مجلس إدارة شركات شل في مصر: “تفتخر شركه شل مصر بهذا التعاون التنموي مع الشركة المصرية القابضة للغاز الطبيعي "إيجاس" والذي يهدف لإزالة الكربون من قطاع الطاقة المصري. إن هذا التعاون مع الحكومة المصرية يساعد في وضع الأطر التنظيمية لدعم فرص إزالة الكربون، للوصول إلى طاقة نظيفة وتحقيق أهداف التنمية المستدامة.
وأكد أن مصر وكافة دول العالم تسعى الى خفض مستوى الانبعاثات الى مستوى الصفر وهو ما يعزز الشراكة بين شركة شل والحكومة المصرية لإيجاد حلول تقنية وتجارية مبتكرة لتزويد الطاقة بانبعاثات أقل من ثاني أكسيد الكربون.
وعلى صعيد منفصل، وقعت شركة شل مصر مذكرة تفاهم متعددة الأطراف بين عدد من الشركات العاملة في مجال البترول والثروة المعدنية لرعاية المرحلة الرابعة من خطة تأهيل وتدريب كوادر الإدارة الشابة والمتوسطة بوزارة البترول ضمن برنامج مشروع تطوير وتحديث قطاع البترول. كما تعمل على إعداد جيل جديد من القيادات الشابة المتميزة والقادرة على تولي المناصب القيادية في قطاع البترول في المستقبل.
وبموجب مذكرة التفاهم يتلقى المتدربون تدريباً شاملاً ومتكاملاً يتماشى مع المعايير الدولية وأحدث الممارسات، بما يؤدي إلى إثراء خبرتهم المهنية وينعكس إيجاباً على أدائهم وبيئة عملهم. ويشمل التدريب برامج تدريبية على محاكاة وظيفية محتملة مع موظفي شل ذوي الخبرة ومد المشاركين بالخبرات التي تعزز قدراتهم، بالإضافة إلى برامج التدريب التي تستهدف المشاركين المختارين ويقدمها موظفو شل داخل الشركة نفسها، والبرامج التدريبية التي يقدمها خبراء من جهات خارجية في مواقع مختلفة داخل مصر أو في الخارج وكذلك البرامج الإضافية ووحدات التعلم التي سيتم تطويرها من قبل الأطراف على أساس الاحتياجات والمصالح المحددة للمشاركين المختارين.
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27 February, 2022
شل مصر تتعاون مع "إيجاس" في العمل على مشاريع إزالة الكربون من الغاز الطبيعي في مصر وتوقع مذكرة تفاهم مع وزارة البترول لتدريب الكوادر المتميزة وإعدادها لقيادة قطاع الطاقة المصري
23 February, 2022
Importance of Measuring the Impact of Investment on ESG Factors
By Tom De Waele, Managing Partner, Bain & Company Middle East and Stefan Woerner, Partner, Bain & Company Zurich
Asset and wealth managers find it increasingly difficult to carve out an ESG strategy that will appeal to investors. As investors and the broader public get more sophisticated about ESG matters, they are questioning the claims of commitment to sustainably invested assets and ostensibly sustainable products.
With the growing demand for ESG-compliant assets, more investors are concerned that their fund and wealth managers are only paying lip service to these themes. The ambition to stake out ESG-friendly territory may have even led some well-intentioned companies to overstate their actual commitments, Bain analysis shows, or at least push the boundaries of what investments could be considered sustainable. At the same time, the number of business press articles on greenwashing—conveying a misleading impression about how an asset is environmentally sound—has soared at a 147% compound annual growth rate over the past three years.
Marketing efforts may miss the essence of sustainable finance, which boils down to acting with intention and measuring the effect of those actions. This situation stems in part from the lack of common reporting and audit standards—there is simply too much room for interpretation of “sustainable” investments. Elusive regulations and standards don’t help either. A portfolio manager could do every possible thing to focus on ESG and still be told that not enough has been done—or that what has been done doesn’t satisfy important stakeholders.
It’s a pressing problem for asset management firms. By 2030, we would argue, the measurable impact of investment on ESG factors will hold a similar level of importance to financial return and risk level, thereby complementing the traditional risk-return approach. Clients deserve solid information on progress in the ESG component in question, such as reduction of carbon emissions or water usage, enhancement of employee diversity, or transparency of governance.
Fund managers can’t ignore this push for information because the demand for ESG-related assets will only continue to expand as evidence accumulates of superior financial performance. Public companies with top ESG ratings, for example, tend to show higher than average multiples, suggesting the imbalanced demand/supply for ESG assets.
However, the growth of ESG-linked investments is running into limitations because of a dearth of standard metrics and the opaque methods used to derive ratings. There are no global standards in ESG reporting, so ratings remain inconsistent, with the number of ESG factors used to derive them ranging from about 40 to 280, depending on the sponsor of the data set. Moreover, established ESG ratings hardly allow for customizable evaluations at scale and rarely support thematic strategies. Many companies have thus developed their own methodologies, given these shortcomings.
Asset owners and investors also assign different relevance to specific ESG factors, with the greatest attention paid to environmental factors and governance; social factors tend to be less relevant. While governance in general is highly relevant, it’s difficult to pin down at the specific factor level. In practice, ESG factor measurability also varies widely, with some factors more easily measured—a key consideration for asset and wealth managers when prioritizing which factors to emphasize.
New capabilities, new models
Given the state of ESG definition and tracking, asset and wealth managers should start developing capabilities to quantify and report the impact of a given asset on a selected set of ESG factors. It’s prudent for firms to prioritize a handful of such factors, perhaps five or so, where they can focus and offer impact reporting for investors. Other selected factors may matter to a small number of high-value clients, so additional capabilities could be developed in house or by partnering with specialized firms to develop reliable indices.
Most investors, for instance, rank carbon dioxide emissions as an important issue, a factor that is also relatively easy to measure. Incorporating a robust ESG perspective will require predicting causality on an ESG factor at scale, and the most effective way to do this combines an artificial intelligence-infused model, which sifts through massive amounts of data, with a review by human experts to tease out causation vs. correlation. This person and machine combination could enhance the reliability of results and allow firms to tailor client-specific investments at scale.
No single model will work best for every firm, though—rather, each firm should define its offerings according to client preferences. Because it’s not practical to specialize in dozens of ESG factors, asset and wealth managers should focus on those factors that the majority of their clients feel strongest about. For the other factors, fund managers could consider outsourcing to specialist firms that assemble a respective basket of assets (related to, for example, anti-corruption measures, human rights, or biodiversity) and can reliably report the impact on that factor.
Greenwashing might sound benign, but it can confuse investors and prevent them from supporting truly meaningful ESG initiatives. With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing evidence. The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building an operating model that reliably quantifies the impact on those factors. Only then will fund managers be able to differentiate themselves and carve out a stronger, enduring position in the market—and move from marketing to real results.
Cedar Rose Nominated Among Finalists at CICM British Credit Awards
Cedar Rose has been nominated among the finalists in the ‘B2B Supplier of the Year’ category at the coveted CICM British Credit Awards to be held in London on 24 March 2022. The CICM British Credit Awards is recognized as one of the most prestigious accolades in the international credit industry.
Antoun Massaad, Co-Founder and CEO of Cedar Rose, said, “The CICM British Credit Awards recognises and celebrates the excellence and innovations of the best and most deserving organisations and professionals in the credit industry. We are delighted to be among the finalists of this award which reflects the hard work and achievements of our team and the quality of our solutions. Over the years Cedar Rose has been consistently recognised for our industry-leading risk and compliance management solutions which help firms make better business decisions. With the launch of our new onboarding platform, Ahlaan, Cedar Rose can now provide an end-to-end onboarding solution to help our clients accelerate their onboarding processes.”
Since its foundation, Cedar Rose has been at the forefront of providing world-class business intelligence and credit risk solutions to leading firms in over 230 countries globally. Its comprehensive array of credit risk, compliance and identity verification solutions help companies, government agencies and individuals deal with escalating regulatory and compliance requirements while reducing their exposure to risk.
To find out more call +971 4 374 5758 or visit www.cedar-rose.com
سيدار روز بين المرشحين النهائيين
لجوائز الإئتمان البريطانية المقدمة من "سي آي سي أم"
جاءت سيدار روز على القائمة النهائية للمرشحين للفوز في فئة "مورد العام من الأعمال للأعمال" في جوائز الإئتمان البريطانية المرموقة من "سي آي سي أم" (Chartered Institute of Credit Management - المعهد المعتمد لإدارة الإئتمان) المقرر أن تنعقد في لندن في 24 مارس 2022. وتعد جوائز "سي آي سي أم" البريطانية للإئتمان واحدة من أهم الجوائز في صناعة الإئتمان العالمية.
صرح أنطون مسعد، الشريك المؤسس والرئيس التنفيذي لشركة سيدار روز، بأن: "جوائز "سي آي سي أم" البريطانية للإئتمان تهدف إلى مكافأة وتكريم الإمتياز والابتكار بين المنظمات والعاملين في صناعة الإئتمان الذين يثبتون أنهم الأفضل والأكثر جدارة. نحن سعداء أن نكون بين المرشحين النهائيين للجائزة وهو ما يعكس العمل الشاق والإنجازات التي حققها فريقنا وجودة حلولنا. لقد حظيت سيدار روز على مر السنوات بالتقدير المستمر نظرا لما قدمناه لصناعتنا من حلول رائدة في مجالي إدارة المخاطر والامتثال، وهي حلول كان من شأنها أن ساعدت المؤسسات على اتخاذ قرارات عمل أفضل. ومع إطلاق منصتنا الجديدة للتوظيف "أهلا"، تستطيع سيدار روز الآن أن توفر حل مباشر وحاسم لضم شركات، مستثمرين أو موظفين جدد لمساعدة عملائنا على التسريع بعمليات التوظيف في منشآتهم."
وتحتل سيدار روز، منذ تأسيسها، مكانة رائدة في توفير معلومات عالمية المستوى للشركات وحلول مخاطر الإئتمان لكبرى المؤسسات في أكثر من 230 دولة حول العالم. كما أن مجموعتها المتكاملة والشاملة من حلول مخاطر الإئتمان، الإمتثال والتحقق من الهوية تساعد الشركات، الوكالات الحكومية والأفراد على التعامل مع المتطلبات التنظيمية ومتطلبات الإمتثال وفي الوقت نفسه تمنحهم القدرة على الحد من تعرضهم للمخاطر.
لمعرفة المزيد، رجاء الاتصال: 5758 374 4 971+ أو زيارة موقعنا: www.cedar-rose.com
Mercedes-Benz Egypt becomes the exclusive automotive sponsor of the Egyptian Golf Federation
Cairo, Egypt: 22 February 2022 – Mercedes-Benz Egypt has signed a contract with the Egyptian Golf Federation as the exclusive automotive sponsor throughout the year in support of the organization’s golfing calendar and events. The sponsorship was celebrated with a special get together in February with attendees from Mercedes-Benz Egypt and the Egyptian Golf Federation.
“Mercedes-Benz is dedicated to the #PerfectDrive in everything we do, including driving the game of golf forward on an international and local level” said Sascha van Ryssen, Director Marketing & Sales, Mercedes-Benz Egypt. “Mercedes-Benz and the game of golf have been synonymous with sophistication and innovation for many years. We are thrilled to be the exclusive automotive sponsor of the Egyptian Golf Federation. We look forward to supporting an exciting calendar of golfing competitions and events and the development of promising young golfers in Egypt.”
“Supporting future golf champions is a shared goal of both the Egyptian Golf Federation and Mercedes-Benz Egypt. We are delighted to have the support of the leading luxury brand as our partner for our golfing calendar and events and in the development of our National Junior Development and Elite Amateur Programs,” Said Eng. Ayman Hussain, Chairman, Egyptian Golf Federation. “The partnership with Mercedes-Benz Egypt will support the Egyptian Golf Federation to activate key strategies to further grow the game of golf in Egypt.”
For more than 70 years, the Egyptian Golf Federation has been making golf accessible for professionals and amateurs, while developing clear pathways for junior development in a variety of ways including elite competition and even providing access to college scholarships.
مرسيدس-بنز إيجيبت راعي السيارات الحصري للاتحاد المصري للجولف
القاهرة ، مصر: 22 فبراير 2022 - عقدت مرسيدس-بنز ايجيبت شراكة مع الاتحاد المصري للجولف لتصبح راعي السيارات الحصري للاتحاد خلال العام، وذلك بهدف دعم أجندة الاتحاد وفاعليات الجولف التي ينظمها. احتفل الطرفين بهذه المناسبة في أواخر شهر فبراير بحضور ممثلين عن مرسيدس-بنز ايجيبت والاتحاد المصري للجولف.
وتعليقاً على ذلك، يقول ساشا فان ريسين، رئيس قطاع المبيعات والتسويق، مرسيدس-بنز ايجيبت: "تكرس مرسيدس-بنز جهودا لدعم رياضة الجولف على المستويين الدولي والمحلي. فإن اسم مرسيدس-بنز لطالما ارتبط برياضة الجولف والتطور والابتكار لسنوات عديدة. لذلك نفخر بما حققناه في هذا الإطار لنصبح اليوم راعي السيارات الحصري للاتحاد المصري للجولف. فمن خلال هذا التعاون نتطلع إلى دعم أجندة شيقة لفاعايات ومسابقات الجولف بالإضافة إلى تنمية مهارات لاعبي الجولف الشباب الواعدين في مصر."
ومن جانبه يعلق أيمن حسين، رئيس الاتحاد المصري للجولف: " من دواعي سرورنا أن نحصل على هذا الدعم من العلامة التجارية الفاخرة والرائدة باعتبارها شريكاً لنا في أجندة فاعاليات الإتحاد وفي تطوير برامجنا للمحترفين وللهواة. وكذلك إن دعم أبطال الجولف الناشئين وإعدادهم للمستقبل يمثل هدفاً مشتركاً لكل من الاتحاد المصري للجولف ومرسيدس-بنز ايجيبت على حد سواء. لذلك فإن شراكتنا مع مرسيدس-بنز ايجيبت ستدعم الاتحاد المصري للجولف في تفعيل الاستراتيجيات الرئيسية لتعزيز وتنمية لعبة الجولف في مصر."
فعلى مدار أكثر من 70 عامًا، عمل الاتحاد المصري للجولف على إتاحة وتنمية لعبة الجولف للمحترفين والهواة، مع خلق مسارات واضحة لتنمية المهارات بطرق متنوعة بما في ذلك تنظيم منافسات متنوعة وصولاً لتوفير المنح الدراسية الجامعية.
MARAKEZ and Partners to Host First-Ever Egypt Fashion Awards at Mall of Arabia
In cooperation with the Egyptian Fashion & Design Council and the British Council Egypt, the winner will be announced during the gala event on February 27, 2022 at Mall of Arabia
20 finalists, 5 finalists in 4 categories, have been selected by an advisory board of international and regional fashion industry professionals
Public voting for a preferred fashion designer is taking place now through February 26
Cairo, Egypt: 22 February 2022 – MARAKEZ, one of the largest mixed-use developers in Egypt, will host the first-ever Egyptian Fashion Awards at Mall of Arabia on February 27 in cooperation with the Egyptian Fashion & Design Council and the British Council Egypt.
“Fashion is a pillar of the MARAKEZ business strategy and we proactively seek opportunities to support the next generation of local fashion designers to elevate young Egyptian talent and the fashion industry as a whole,” said Nadia Ezz, Director of Marketing, MARAKEZ. “As one of Egypt’s largest commercial mixed-use developers with five commercial malls, two of which are opening soon, we are taking the lead by providing industry support for the Egyptian fashion ecosystem and empowering creatives and designers as future leaders of the sector.”
Titled “The London Fashion Experience,” the gala event and awards ceremony will take place at West Cairo’s favorite shopping destination, Mall of Arabia, on February 27 in front of Gala Restaurant. More than 130 entries were received across four categories: Young Designers - 2019 or 2020 graduates in the fashion, accessory or jewelry design sector and up to two years in the business; Emerging Designers – produce commercially available apparel for a minimum of two years and a maximum of eight years; Accessory Designers - produce commercially available accessories for a minimum of two years and a maximum of eight years; and Jewelry Designers - produce commercially available jewelry for a minimum of two years and a maximum of eight years.
"Speaking on behalf of the Egyptian Fashion & Design Council Board Members, we truly appreciate the vision of Marakez and the British Council Egypt, and all partners, that allows us to organize the first edition of the annual Egypt Fashion Awards, which is an important component in the EFDC's aim to nurture, mentor and promote our young talents” said Susan Sabet, EFDC Board Member. “We also want to thank our international advisory board members, all highly respected in the international fashion industry, who gave their time to select the finalists. Our judges, who will be crowning the 4 winners, represent a mix of highly-respected, professional individuals who are freely giving their time and understand the importance of sharing their expertise in design, education, retail, marketing and business and of course a bit of glamour, all elements of a successful fashion designer's business."
The advisory board selected five finalists in each category:
Young Designers: Bassant Maximus, Marina Azer, Nada Hosny, Alaa Abo El Goud, Asmaa El Degwy
Emerging Designers: Rigash, Moaaz El Behairy, Maison Saedi, Double A, Alia Abaza
Accessories: Aliel, The Bag, Jarii, Rasha Pasha, Jlood
Jewelry: Menna Boudy, Reem Jano, Mimzo, Roknayah Design, Ammanii
"It is an honor to be part of Egypt Fashion Awards for emerging designers, I started young and I got the support I needed to reach where I am today, therefore I would love to do the same with the other designers, especially in our beloved region," Rami Kadi, Creative director of Rami Kadi Maison de Couture
Through February 26, the public can vote for their preferred designer by viewing their collections and casting their vote at Gate 13 in front of dstore in Mall of Arabia.
"I am happy to be part of the judging panel for Egypt Fashion Awards this year, and excited to see what the young talents have to show us," said Azza Fahmy, Chairwoman & Creative Director Azza Fahmy.
At the fashion show in front of Gala Restaurant on February 27, a high-profile jury of fashion industry members and celebrities will select and announce the winners. Mall of Arabia will display the finalists’ collections at a popup location in the mall, while the Egyptian Fashion & Design Council will offer mentorship and business guidance to the winners.
"I am honored to be selected as a juror for the first edition of Egypt Fashion Awards. Egypt has always been a center of creativity and style and initiatives like this help put us back on the global map. I believe in unleashing the potential of our young designers and I'm happy to support them in any way I can,” said Ola Dajani, Entrepreneur/Gender-Lens Investor.
With support from the British Council, the winner of each category will travel to London Fashion Week in September 2022 to enjoy the ultimate fashion experience, gain firsthand knowledge about a variety of facets of an international fashion week as they plan their own participation in the future.
“The British Council is proud to support work in the fashion and design field. Over the years we have offered a diverse range of international opportunities, including exhibitions, collaborative projects, educational activities, and specialist visits to the UK. We will continue this commitment to supporting opportunities for collaborations linking designers from Egypt and the UK. We are very excited that, through the Egyptian Fashion Awards, four designers will get a deeper look at the international fashion trade when it gathers at London Fashion Week in September,” said Cathy Costain, Head of Arts at The British Council.
MARAKEZ has been a long-time, proud supporter of the Egyptian fashion industry. In addition to hosting the Egypt Fashion Awards 2022, the company also supported Egypt’s first ever fashion industry delegation to MQ Vienna Fashion Week in 2021, and previously partnered with Alashanek ya Balady Association for Sustainable Development, a local non-governmental organization (NGO), to support their mission and provide them with a booth at Mall of Arabia to sell products handmade by women the organization has trained through their programs. MARAKEZ is also a strong supporter of athletes. MARAKEZ sponsors Hana Goda, Egypt’s youngest table tennis champion and number 1 worldwide under 15 and 17 and number 4 under 19 and has previously sponsored Olympic athletes at the Tokyo Summer Olympics.