Banque Misr the first state-run bank to meet int'l sustainability reporting standards GRI
Next to its application of the UN Global Compact standards of citizenship by the end of 2015
Banque Misr has received approval from the international standards organization for sustainability reporting, Global Reporting Initiative (GRI) to become the first Egyptian state bank to conduct business reporting as pursuant to the principles of human rights and corruption combat, climate changes, alongside other factors.
GRI's global network consists of several thousands of organizations around the world committed to disclose the results of their works with sustainability perspective as the basis of the disclosure of information in order to achieve the level of community participation and the prosperity of the surrounding environment.
The network includes the guidelines for reporting on evaluation of the environmental impact of activities related to the performance indicators in the field of energy, emissions, the total supporting investments, and other principles that highlight the relationship between the financial and non-financial performance and remedy the risks and enable the built-up plans on governance, reduce costs and full compliance with the standards and laws.
This comes in addition to Banque Misr's compatibility as the first national bank by the end of 2015 with the United Nations' Global Compact citizenship (CSR). This came as a result of Banque Misr's permanent pursuit of giving a great importance to community responsibility and adhering to the ten standards and principles of the Global Compact of the United Nations, which states; non-discrimination, equality, rights, child labor, safety and health standards, healthy and safe environment, the application of governance and fighting corruption.
Banque Misr believes in social responsibility as one of the main pillars, through its principles to achieve sustainability, stemming from its role as the first Egyptian bank owned-by the Egyptians and its responsibility towards the Egyptian society.