Regulatory Alerts2022-04-13 | CBE14.1Added · Updated
CBE Regulation Book 14.1 - Discussion Paper On Sustainable Finance
The Central Bank of Egypt issues a discussion paper defining sustainable finance and its Environmental, Social, and Governance (ESG) elements to guide the banking sector. The document outlines the importance of integrating ESG factors to support financial stability, attract investment, and achieve national sustainable development goals. It details specific risks associated with ignoring these elements, including physical, reputation, credit, environmental, social, and legal risks, and highlights the bank's existing initiatives and international standards such as the Equator Principles and UNEP Principles for Responsible Banking.
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