ESG is not a phenomenon known only in Europe. Countries in the region are also working towards sustainability. Egypt is a case in point. Businesses in Egypt are seeing the benefits of adopting ESG practices. As international investors increasingly incorporate ESG criteria into their decision-making, Egyptian companies that adhere to these principles are better positioned to attract foreign capital.
Furthermore, companies are realizing that ESG-based strategies often lead to more efficient operations. For example, environmental initiatives can reduce waste and energy consumption, leading to cost reductions.
With its rich historical and cultural heritage, Egypt’s tourism sector can benefit immensely from ESG principles. Sustainable tourism that focuses on minimal environmental impact and supporting local communities can set Egypt apart from other destinations in the region.
Although interest in ESG is growing, there is a significant lack of technical knowledge and expertise in the field. Traditional business practices and cultural norms sometimes make it difficult to integrate ESG concepts. A shift in mindset and greater awareness is needed to prioritize sustainable practices over short-term gains.
In everyday life
In Cairo, organising the use of plastic products from everyday life is still a long way off. Every product purchased is still placed in a single-use plastic bag for which no charge is made. Restaurants serve drinks with plastic straws. Separate waste collection bins are available in separate locations.
Public transport in Cairo, a city of 22.5 million, is not as punctual and predictable as in European countries. The metro is fast and convenient but has only two lines.
A wide road network connects the city’s various districts. According to 2022 data, there are 2.6 million cars driving in Cairo.
More than two-thirds of the cars are over 15 years old, and according to 2010 data, the average age of taxis in Egypt is 32 years. As a result, major cities experience high levels of air pollution.
Given Egypt’s ongoing urbanisation, there is a compelling case for green infrastructure, from energy-efficient buildings to sustainable public transport systems.
