The EFG Hermes Foundation for Social Development signs a partnership agreement

  • The partnership is part of the efforts of government institutions to stimulate social participation in order to achieve development goals and overcome national challenges
  • It also aims to ensure sustainable education in Upper Egypt through renewable energy, in line with the national strategy to increase the use of clean energy, and reflects the Foundation’s holistic approach to addressing economic, social and environmental challenges.

Cairo: The EFG Hermes Foundation for Social Development, a non-profit, non-governmental organization that supports high-impact sustainability initiatives to help disadvantaged local communities, has signed a partnership agreement with the Ministry of Education and ‘Technical Education, represented by the General Authority for Educational Buildings, to convert 102 schools in Luxor and Aswan to clean solar energy by supplying, installing and operating solar panels. The project is to generate 700 KWH contributing to an annual reduction of 250 tonnes of CO2 emissions.

This is part of the country’s national strategy to reduce emissions and increase the use of renewable energy as part of its 2050 National Climate Strategy and the national Haya Karima initiative. The investment also reflects the Foundation’s holistic strategy and integrated approach to addressing economic, social and environmental challenges, as it frees up financial resources for injection into other areas lacking by education bodies, contributes to a clean environment and engages young people in remote areas in climate action.

Major General Engineer Yousry El-Deeb, Director of the General Authority for School Buildings said, “We are proud to partner with private sector institutions working towards Egypt’s social development goals (SDGs), such as supporting the education sector and tackling climate change. Our goal is to take advantage of this valuable opportunity to develop the infrastructure of schools and have a positive impact by providing sustainable and long-term educational services to all students. I personally salute the tireless efforts of the Foundation to bring about a qualitative change in the lives of citizens in the most needy areas, especially in Upper Egypt, and I hope that we will continue to work with the Foundation on other projects. that improve the education sector and provide better services to students.”

Mona Zulficar, President of the EFG Hermes Foundation said: “Our mission is to improve the lives of people within our surrounding communities and to have a lasting economic, environmental and social impact in underserved and marginalized areas. Partnerships are integral to how we achieve impact, and by working with the public sector, we want to strengthen Egypt’s resilience and adaptability to climate change as we align with the government’s climate strategy to 2050, which is part of the nation’s 2030 vision for sustainable development. Clean and affordable energy is a priority in this vision, and we are committed to allocating development funds to the transition to alternative energy sources, as this stimulates innovation, economic prosperity and the general well-being of people. citizens.

Commenting on the partnership, Hanaa Helmy, CEO of the EFG Hermes Foundation and Head of CSR at EFG Hermes Holding said, “We are very happy to contribute to sustainable education through renewable energy in Luxor and Aswan. By providing schools with clean energy, students are assured of uninterrupted school activities and, by reducing carbon emissions, they can learn in a healthy and safe environment. This is also an opportunity to raise awareness in the class about the impact and value of transitioning to clean energy and create a conversation about climate change. We anticipate that it will also open doors for young people in the field of maintenance and installation services, which should be used for solar panel systems. It’s an exciting step towards a positive impact that builds a better future.

The EFG Hermes Foundation has been operational since 2006 in the field of integrated development through partnerships with the Egyptian government, Egyptian educational organizations, healthcare providers and local civil society in the governorates of Upper Egypt, considered as areas most in need of development funds. It focuses on education, health, food security, poverty reduction, housing, clean water and sanitation, and economic empowerment.

Earlier this year, the EFG Hermes Foundation for Social Development entered into a Memorandum of Understanding with the Ministry of Social Solidarity to impact the lives of 15,000 people with the rehabilitation of 30 additional houses in El Deir, Esna and the development of waste management infrastructure at Naga’ Quartier El Fawal in the same village. The project is part of a 70 million EGP integrated development project in alignment with the United Nations SDGs to develop and reorganize rural communities in Luxor Governorate.

Since 2011, EFG Hermes Holding has made progress in integrating environmental, social and governance (ESG) considerations into all aspects of its operations. The Firm seeks to align its development frameworks with international best standards and practices, such as the 17 UN SDGs.

Joel C. Hicks