Love The Earth
April - May 2024
Sustainability Message
by Mr. Amir Ghannam
CEO Beltone Leasing & Factoring
In today’s dynamic landscape, companies seek not only financial solutions, but also partners who share their vision for progress – progress that extends beyond the bottom line. At BLFC, we have answered this call, placing sustainability at the heart of our leasing and factoring offerings.
Our commitment to sustainability prioritizes investing in energy-efficient equipment, renewable solutions, and circular economy initiatives. Empowering businesses through seamlessly blending leasing and factoring models, we enable our clients to unlock the capital needed to drive sustainable transformation, from upgrading their operations to supporting the development of eco-friendly, clean energy products and services, creating long-term value for our clients.
By aligning our strategies with global sustainability focus, we are building a more resilient and equitable non-conventional financing ecosystem. This is not merely a passing trend, but a fundamental shift in the way we do business.
Earth Day 2024
Planet vs. Plastic
Beltone Landmark in
Waste Management
Total
Collected Waste
1,057 Kg
Recycled
Waste
813 Kg= (76.92 %)
Recycled
Wet Waste
18.57 %
Recycled
Cardboard and Paper Waste
49.08 %
Recycled
Glass Waste
1.11 %
Recycled
Plastic Waste
22.14 %
Recycled
Metal Waste
5.96 %
Recycled
Others
1.35%
Landmark in
Waste paper
117.5 Kg
Total collected waste paper from Beltone's Premises to be recycled with Bekia
Seeding Sustainability: Beltone’s Educational Journey
On April 19th , 2024, Beltone had the honor of participating in the open day event at the Ècole Des Carmélites, where Beltone’s sustainability team aimed to make a meaningful impact. With a strong focus on sustainability and in collaboration with Youthinkgreen Egypt, we conducted two highly engaging sessions designed to introduce the concept of climate change and sustainability to the students in a simplified yet comprehensive manner to nearly 500 students, ranging from kindergarten to high school.
The first session centered around the importance of planting, as each student received a thoughtfully prepared planting kit containing a recycled pot made from coconut shells, along with seeds and fertilizers. This interactive experience allowed the students to actively participate and connect with nature.
In the second session, we introduced the Enviro Clue Game, a card game that immersed students in the realm of green jobs and sustainability. Through solving climate-related challenges, they gained invaluable insights into the significance of environmental careers, expanding their understanding of the diverse job opportunities in the market. This interactive activity not only facilitated learning but also sparked thought-provoking discussions among the students, fostering a deeper understanding of sustainable practices.
Beltone Collaborates with CRIF Egypt
to Acquire ESG Ranking
We are excited to announce that Beltone’s Sustainability department has recently signed a contract with CRIF Egypt to actively participate in their ESG initiative. As part of this collaboration, Beltone will utilize the Synesgy platform, which incorporates a comprehensive questionnaire, to effectively disclose our Environmental, Social, and Governance aspects.
This strategic partnership will empower us to transparently communicate to stakeholders the methodologies and practices employed by Beltone in managing environmental, social, and governance issues. By leveraging the Synesgy platform, we will highlight our commitment to ESG issues and provide a credible ranking reflecting our business’s steadfast dedication to sustainable practices.
We are enthused by the opportunities that this collaboration with CRIF Egypt brings forth and the positive impact it will have on our valued stakeholders. Our commitment to upholding the highest standards of ESG performance remains unwavering as we continue to drive sustainable growth and create value.
Sustainability Focal Points
Workshop
Beltone is currently dedicated to developing its First Sustainability Report for the fiscal year 2023. In light of this commitment, Beltone’s Sustainability team organized a workshop for the designated sustainability focal points in collaboration with our expert consultant “DCarbon”.
The primary objective of this workshop was to facilitate the efficient collection of data necessary for the report. Additionally, it served as an invaluable platform for providing the focal points with an overview of Environmental, Social, and Governance (ESG) principles. By equipping our focal points with a solid understanding of ESG, we aim to enhance the quality and relevance of the data collected. Furthermore, it was interactive discussion with the consultant.
Notably, the workshop fostered interactive discussions with the consultant, further enriching the learning experience.
We extend our heartfelt appreciation to all the diligent focal points who wholeheartedly participated in the workshop and dedicated their unwavering efforts to the meticulous collection of necessary data for our forthcoming report. Your unwavering commitment and invaluable contributions play an indispensable role in our collective journey towards a resilient and thriving future.
The Materiality Assessment
The Core of Sustainability Reporting
Scope
The initial phase involves defining the boundaries and scope of the materiality assessment. This includes identifying key stakeholders, gaining a thorough understanding of the organization's business activities, and determining the reporting requirements and frameworks to be considered.
Categorization
Once the material topics have been identified, they are organized into relevant groups to streamline the assessment process. Simultaneously, efforts are made to gather information about the importance and impact of each topic on the organization and its stakeholders.
Material Topics
Recognizing the diverse sustainability topics that are relevant to the organization's business activities. This entails identifying and listing the various areas that impact sustainability.
Prioritization
The prioritization phase involves ranking the material topics based on their significance and potential impact. This step ensures that the most critical issues receive appropriate attention and resources. Effective engagement with stakeholders is crucial during this phase to manage the prioritized topics efficiently.
Stakeholder Engagement
Gathering input from stakeholders is a fundamental part of the materiality assessment process. By engaging with key stakeholders such as employees, customers, investors, suppliers, local communities, and NGOs, organizations can refine their approach to materiality. Stakeholder engagement methods may include surveys, focus groups, interviews, and consultation sessions to gather valuable insights on the importance of various issues.
The outcome of this process is the creation of a Materiality Matrix, which visually represents the significance of sustainability topics. This matrix is an invaluable tool used in materiality assessments, providing a clear and concise representation of the most impactful topics.
We wholeheartedly encourage all stakeholders to actively participate in our sustainability reporting journey. By working together, we can ensure that our reporting accurately reflects the material issues and contributes to a thriving and regenerative future.
World Day for Cultural Diversity for Dialogue and Development
May 21st
As a company that values and supports diversity, we are proud to celebrate this month in honor of the World Day for Cultural Diversity for Dialogue and Development. This important day, observed annually on May 21st, recognizes the richness and significance of cultural diversity, as well as the vital role that intercultural dialogue plays in fostering peace and driving sustainable development.
In line with our commitment to diversity, we acknowledge the United Nations General Assembly’s declaration of this World Day in 2002, following the adoption of the Universal Declaration on Cultural Diversity by UNESCO in 2001. This declaration emphasized the need to harness culture’s potential to promote prosperity, sustainable development, and global peaceful coexistence.
In light of the adoption of the 2030 Agenda for Sustainable Development by the United Nations in September 2015 and the UN General Assembly’s Resolution A/C.2/70/L.59 on Culture and Sustainable Development in December 2015, the message of the World Day for Cultural Diversity for Dialogue and Development holds even greater significance. It underscores the integral role that cultural diversity plays in achieving the 17 Sustainable Development Goals. By embracing and celebrating the creative contributions of diverse cultures and fostering ongoing dialogue, we can ensure that everyone in society benefits from sustainable development.
As we celebrate this month, let us continue to champion diversity, promote intercultural dialogue, and actively work towards a more inclusive and harmonious world.
Sustainability Team Engagement
at Egyptian Autistic Society's
Annual Awareness Event
On April 2nd, 2024, Beltone’s Sustainability team had the honor of being invited to attend the Egyptian Autistic Society’s Annual Awareness Event. This remarkable event showcased the extraordinary talents of autistic people, encompassing diverse skills such as pottery, leathercraft, resin art, graphic design, computer programming, digital printing, painting, and woodworking. Remarkably, their woodworking skills were particularly impressive, the chairs they designed is displayed in the Grand Egyptian Museum.
Our primary objective for attending this event was to witness the exceptional abilities and talents of these people, with the aim of exploring potential collaborations between Beltone and the Egyptian Autistic Society. Building upon our successful initiative of employing people with Down syndrome, we recognize the importance of empowering and providing opportunities for people with various disabilities.
Therefore, by actively seeking to engage and hire talented autistic people, Beltone is committed to fostering a diverse and inclusive workplace. We firmly believe that every individual deserves equal opportunities to contribute their unique skills and perspectives to our organization.
We extend our gratitude to the Egyptian Autistic Society for organizing this inspiring event and for providing a platform to showcase the remarkable abilities of people with autism. Together, we can create a more inclusive society and empower people with disabilities to thrive in their professional endeavors.
