Public responsibility is central to EFG Hermes’ corporate culture and strategy because we understand that our success as a business is determined by not only our profitability but also the positive outcomes we generate for our communities. As a leading financial services corporation in emerging and frontier markets and a pioneer in sustainability, we have a duty to act as a role model for other companies in our industry and markets.
We honor our commitment to public responsibility through several different channels. First and foremost, we aim to develop products and services that create value for society as well as our shareholders. Over the past few years, EFG Hermes has cultivated a variety of investments that are tackling global social, economic and environmental challenges. At the same time, we strive to operate in a sustainable and ethical way, and our Corporate Social Responsibility CSR department leads a variety of internal initiatives throughout the year to raise awareness about minimizing the environmental impact of our operations. Through the EFG Hermes Foundation for Social Development, we engage in a variety of projects aimed at supporting vulnerable populations and addressing social and health challenges across the country.
Aiming to situate our commitment to public responsibility within broader national and global sustainability initiatives, in early 2018 we became the first Egyptian financial services corporation to sign the United Nations Principles for Responsible Investment (UNPRI) developed by a global community of investors seeking to build a more sustainable financial system across the world. EFG Hermes has been a proud member of the UN Global Compact (UNGC) since 2011. The UNGC’s ten principles related to the areas of human rights, labor, the environment, and anti-corruption are reflected in our strategy, culture, and firm-wide Environmental, Social, and Governance Policy adopted in 2017.