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The United Nations Global Compact International Yearbook 2015

image of The United Nations Global Compact International Yearbook 2015
This publication gives a global overview of the achievements of the Global Compact. It offers proactive and in-depth information on key sustainability issues to stakeholders and promotes unique and comprehensive knowledge exchange and learning in the spirit of the Global Compact principles. It helps to advance transparency, promotes the sharing of best-practices, and gives a strong voice to the regional and global actors that are at the heart of the initiative. It includes good practice examples of corporate participants and showcases different approaches to the implementation of the ten principles. It highlights major trends and issues, placing the activities of Global Compact participants in a broader context.

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Financial markets

The banking sector in Egypt represents 57 percent of the private sector’s overall capacity. The sector’s capacity and capital enable a drive for change and make an industry movement possible. Only four banks in Egypt are state-owned, whereas others are joint ventures. Since 2004, privatization and economic reforms, especially in the banking sector, have spurred active engagement and responsibility toward communities and in the country at large. The banking sector’s current capacity and capital remain significant when comparing its role in social and environment development. The Arab African International Bank (AAIB)’s experience offers a successful trendsetting model concerning the role of banks in affecting the growth of new industries and the economy at large.

English

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