Press Release

Global Sustain approved as Green Bond third-party verifier from the Financial Regulatory Authority in Egypt

[Cairo, Egypt, December 8, 2020] Global Sustain Group is pleased to announce that the firm has been approved by the Board of Directors of the Financial Regulatory Authority (FRA) in Egypt as an official third-party verifier and was added to the FRA’s third-party verifiers registry.

The decision follows a comprehensive assessment of Global Sustain experience know-how, track record and practice in the field of Sustainable Finance by the FRA and will allow the company to offer third-party verification and opinion for green bond issuances and ESG/Sustainability-linked financial products in the Egyptian market.

The Financial Regulatory Authority (FRA) in Egypt is responsible for supervising and regulating non-banking financial markets and instruments, including Capital Market, Futures Exchanges, Insurance Activities, Mortgage Finance, Financial Leasing, Factoring, and Securitization.

Michael Spanos, Managing Director of Global Sustain Group stated: “We are very honoured and excited to receive this accreditation and we are very much looking forward to collaborating with financial market participants in Egypt on this rapidly developing industry. Egypt is uniquely placed to drive the sustainable development agenda in the region and sustainable finance products will boost competitiveness in the market and will attract further domestic and foreign investments”.

About Global Sustain Group

Founded in 2006, Global Sustain Group with companies in London, Berlin and Athens and representation offices in Brussels, Cairo, Larnaca and New York, creates awareness and inspires and supports companies and organisations to embody sustainability, through advisory, communications, networking and training, with a focus on the people-planet-profit philosophy. The firm provides specialised services in the field of ESG, Sustainable Finance and Training, Corporate Responsibility, E&S Risk, Corporate Governance and Sustainable Development. Global Sustain is a signatory to the Ten Principles of the UN Global Compact, to the Principles for Responsible Investment (PRI), a GRI Gold Community and Data Partner, an affiliated member of the Academy of Business in Society, Social Value International, Institute of Directors, TCFD, and CEO Clubs (www.globalsustaingroup.com)