Charting Sustainable Paths

March 2024

Sustainability Message by Mohamed Aboulfadl

Deputy Group CEO and Head of Investment Bank

As we enter the third edition of our sustainability newsletter, I am delighted to share our ongoing commitment to integrating sustainability into our operations within the realms of investment bank platform. At Beltone Holding , we recognize the importance of aligning our financial services with sustainable practices to create long-term value for our clients, stakeholders, and the environment.

In the coming months, we will delve into the innovative strategies and initiatives that are driving positive change in our industry. From our responsible investment principles to our efforts in promoting financial literacy and inclusion, we are dedicated to making a meaningful impact on the global financial landscape.

Our responsibility in investment bank extends beyond traditional financial metrics. We are actively seeking opportunities to support sustainable development projects, green bonds, and renewable energy investments that contribute to a more environmentally conscious future.

Through our brokerage services, we are committed to promoting transparency and ethical trading practices, while also exploring sustainable investment opportunities for our clients.

In asset management, we are integrating ESG factors into our investment decisions, ensuring that our portfolios are aligned with sustainable principles and have a positive impact on society and the environment. Furthermore, our wealth management division is dedicated to providing our clients with sustainable investment options, as well as fostering a culture of philanthropy and responsible wealth stewardship.

We will also spotlight the collaborative partnerships and engagements that are shaping our approach to sustainable finance, as well as the latest developments in ESG integration and impact investing. Through these insights, we aim to inspire and empower our colleagues and clients to embrace sustainability as a core tenet of their financial strategies.

I encourage you to explore the valuable content within this edition and join us in our journey towards a more sustainable future for the financial industry.

From Crisis to Consciousness:

Understanding the Origins of the
Sustainability Challenge

Exciting News! Beltone's First Carbon Footprint Report for FY 2023

Big News Alert!

Beltone has released its first Carbon Footprint Report for the fiscal year 2023. This is a significant milestone for Beltone. The report provides valuable insights, revealing that our total emissions amount to 2,190 mtCo₂e (Metric Tons Carbon Dioxide Equivalent) and we are proud to announce our ambitious reduction target of a 42% decrease in Scope 1 and 2 emissions by 2030.

This commitment reflects our dedication to environmental stewardship and sets the stage for our long-term sustainability goals. We extend our gratitude to everyone who contributed to this report, as your efforts have helped us gain a deeper understanding of our carbon impact.

Recommended Decarbonization Plan
For Achieving our 2030 Reduction Target

Resource Consumption

Beltone emphasizes resource efficiency as a core tactic for decarbonization. Therefore, Beltone prioritizes resource efficiency to minimize waste, cut carbon emissions, and enhance operational efficiency, yielding cost savings and resilience to future challenges.

Employee Engagement

We empower our workforce through education and engagement, recognizing their integral role in driving our decarbonization agenda and advancing sustainability.

Sustainable Procurement

In our commitment to sustainability, we recognize our environmental impact across our entire supply chain and prioritize decarbonization throughout our business operations.

Financed Emissions

As a leading financial service provider, Beltone recognizes the importance of calculating and addressing financed emissions as a crucial category within our sustainability efforts.

To review the full report

Beltone's ESG and

TCFD Reports Shine at FRA 

Beltone has effectively completed the submission of its Environmental, Social, Governance (ESG) and Taskforce on Climate-Related Financial Disclosures (TCFD) reports to the Financial Regulatory Authority (FRA) for its respective companies, as outlined below:

Sustainability
Team Spotlight

The Sustainability team had the privilege of representing Beltone at the 14th Egypt CSR and Sustainable Development Forum.

The forum presented an exceptional opportunity to engage with various industries, exchange experiences, and acquire valuable insights into sustainable practices. It encompassed a wide range of sustainability topics, including workshops dedicated to addressing the challenges posed by climate change, such as the IFRS Framework, CBAM, COSO, and Sustainable Finance. Moreover, it provided a dynamic platform for networking and fostering potential collaborations.

We are proud to have been a part of this influential event, which further strengthens our commitment to driving sustainability initiatives within Beltone and beyond.

Successful Business Meeting with Beltone Investment Bank - BIB

As part of our ongoing efforts to strengthen sustainability and ESG practices at Beltone, we have conducted a series of meetings with each line of business. Among these meetings, the session with Beltone Investment Bank has emerged as notably successful.

Meeting Highlights:

  • BIB will provide insights into the percentages of their clients’ green projects/industries within their portfolio. This information will be crucial in understanding the composition of their client base and its alignment with our sustainability goals.
  • BIB will incorporate a question in the KYC application, asking clients if they have a sustainability/ESG policy. This initiative demonstrates IB’s commitment to promoting and encouraging responsible practices among their clients.

Going Green for Businesses

Cost Savings

Implementing energy-efficient measures, such as LED lighting and proper insulation, can lead to significant reductions in utility bills. Moreover, waste reduction and recycling initiatives also help decrease waste management expenses and may even generate revenue through the sale of recyclables.

Enhanced Brand Reputation

Going green aligns companies with public sentiments and enhances brand reputation. Prioritizing sustainability initiatives portrays a responsible and ethical image, attracting new customers and strengthening loyalty. 

Building a Competitive Edge

By embracing green initiatives early on, businesses can position themselves as leaders within their industries. This proactive approach creates opportunities for collaboration, partnerships, and expansion into new markets.

Regulatory Compliance

Going green ensures compliance with increasingly stringent environmental regulations, avoiding penalties and legal issues. Implementing sustainable practices demonstrates a commitment to responsible business operations and mitigates reputational risks.

Talent Attraction and Retention

Environmentally conscious job seekers prefer working for sustainable organizations. Going green helps businesses attract and retain top talent, fostering a positive company culture that promotes employee engagement, satisfaction, and productivity.

Access to Financial Incentives

Governments and organizations offer financial incentives and grants to support sustainable businesses. These programs offset the costs of implementing green initiatives, making it more feasible for businesses to adopt environmentally friendly practices.

World Down Syndrome Day - WDSD

Do you Know

that…

1. March 21st is the World Down Syndrome Day, it is a global awareness day which has been officially observed by the United Nations since 2012.

The date for WDSD being the 21st day of the 3rd month of the year, was selected to signify the uniqueness of the triplication (trisomy) of the 21st chromosome which causes Down syndrome.

2. Around 1 in every 800 babies will be born with Down Syndrome. 

Through our Train to Sustain Initiative, we proudly employ and train individuals with Down Syndrome, embodying our commitment to inclusion. Therefore,
Join us in honoring diversity and spreading love on World Down Syndrome Day.

Health and Safety
Committee at Beltone

We have established a dedicated Health and Safety Committee to diligently monitor and report on our health and safety performance,

We have established a dedicated Health and Safety Committee to diligently monitor and report on our health and safety performance,with an unwavering commitment to continuous improvement. This committee has undergone training to become qualified and certified employees authorized by OSHA (Occupational Safety and Health Authorized). Their intensive training has equipped them with the necessary expertise to ensure the highest standards of health and safety at Beltone.
We would like to bring to your attention that essential safety equipment is strategically distributed throughout our company for immediate access in case of emergencies.

These include:

1. First Aid Boxes at each
reception area.

2. Fire Extinguishers on
every floor.

3. Blood Glucose Monitor and
Blood Pressure Monitor

are available in the Sustainability
department at 22nd floor.

We kindly request that you familiarize yourself with the locations of these vital safety resources. Furthermore, we urge you to promptly report any damaged or expired fire extinguishers or first aid boxes to the Health and Safety Committee via email at health&safety@beltoneholding.com.

By working together and prioritizing health and safety, we create a secure and protected environment for all Beltone employees.

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