Emirates NBD Egypt participates in COP27’s Green Zone through ‘Taproot’ project in collaboration with ButtonUp
In line with their societal efforts in combatting climate change
Cairo, Egypt,14th of November 2022 – Emirates NBD Egypt announces the participation of the Taproot project, in collaboration with ButtonUp, in the Conference of the Parties to the United Nations Framework Convention on Climate Change – COP27, held in the Green Zone in Sharm El-Sheikh from 6-18 November.
The Taproot project boosts the strategic partnership between Emirates NBD Egypt and ButtonUp, which falls within the framework of Egypt’s efforts toward mitigating the effects of climate change. Through the first phase of this partnership, the Sewing the Seeds project was executed to enhance women’s vocational skills in Izzbet Khairallah by helping them master sewing, embroidery and entrepreneurship. Sewing the seeds has successfully prepared 100 women to join the labor force and launch their own successful, profitable businesses.
Taproot offers locally grown solutions to mitigate climate change risks and support local communities’ environmental, social, and economic resilience by providing training on environmentally friendly industries to women and youth in Izzbet Khairallah.
The Emirates NBD-funded Taproot project, which is currently participating in COP27 to create innovative solutions devised by women and youth in Izzbet Khairallah. This project represents a concrete and scalable model of integrating local communities in solutions that address climate change through environmentally friendly industries, equally important, contribute to job opportunities for the youth and women in local communities.
“We are proud of the participation of Taproot project in the Conference of the Parties to the United Nations Framework Convention on Climate Change – COP27 in the Green Zone as the conference is a key platform that discusses the fate of humanity in light of the challenges of climate change,” Mohamed Berro, CEO of Emirates NBD Egypt says.
Berro added, “It’s important to take note that Egypt is hosting this year’s summit, which is very optimistic as it is expected to conclude with effective solutions to the challenges of climate change.
Emirates NBD Egypt integrates environmental, societal and governance principles into all its operations and policies and considers them as the pillar for a more sustainable future driven by its belief in the importance of adherence to international and local best practices, standards and directions the Central Bank of Egypt’s to achieve the Sustainable Development Goals.
Emirates NBD Egypt is an owned subsidiary of Emirates NBD Group, a leading banking group in the Middle East and a major contributor to the banking industry on an international and global scale. Emirates NBD Egypt is one of the largest banks operating in Egypt, positioning itself as a pioneer in providing advanced digital banking services, supported by a large network of 66 branches spread across all governorates, and 335 ATMs across the country.
Emirates NBD Egypt is considered the main player in financing major projects related to the country’s infrastructure and development initiatives, which has qualified it for many awards. Among these were three major awards granted by the largest banking institution in Africa, The Banker Africa.
The bank also won the Best Digital Bank Award in Egypt in 2017, the Best Mobile Banking application in Egypt for the year 2018 and the Best Digital Bank in Egypt for the year 2019 from International Finance Magazine. In addition, Emirates NBD Egypt was also awarded the Best Bank in Cash Management for the year 2018 from the Asian Banker, and two awards for the Most Innovative Bank for 2020 in Trade Finance and Cash Management Sector in Egypt and The Fastest Growing Corporate Bank in Egypt for the year 2021 by International Finance Magazine along with the Best Digital Bank Award for the year 2020-2021 from the Union of Arab Banks.
