Friday 22 Nov
Dr. Mohamed Farid, Chairman of the Financial Supervisory Authority (FSA), has reconstituted the Advisory Council of the Regional Center for Sustainable Finance. The center, a part of the FSA's training arm, is dedicated to promoting sustainable development in the non-banking financial sector.
Dr. Mahmoud Mohieldin, a
prominent figure in sustainable finance and climate action, will chair the
council. As UN Special Envoy for the 2030 Finance Agenda and Climate Pioneer
for the Egyptian Presidency of COP27, Mohieldin brings extensive expertise to
the role.
This move aligns with the FSA's
commitment to integrating sustainable development goals into the financial
sector, supporting Egypt's Vision 2030 and national priorities. The Advisory
Council will provide guidance and expertise to the center, ensuring its
effectiveness in driving sustainable finance initiatives.
The Advisory Board of the
Regional Center for Sustainable Finance includes a distinguished group of
experts from various organizations. Notable members include:Anthony Miller:
Coordinator of the United Nations Sustainable Stock Markets Initiative;
Barbara Bochner: Executive
Director of the Climate Policy Initiative;
Timothy Afful Compson: Regional
Director of the Glasgow Finance Alliance for Net Zero Emissions in Africa;
Justin Mundy: Strategic Advisor
for Capital and Science and Doing Business at WRI;
Hussein Abaza: Sustainable
Development and Green Economy Expert;
Dalia Abdel Qader: Head of the
Sustainable Finance Sector at the Commercial International Bank;
Rula Dashti: Secretary-General of
the United Nations Economic and Social Commission for Western Asia;
Susanna Gebel: Deputy Executive
Director for Development Policy and Finance at the Gates Foundation;
Sonia Gibbs: Executive Director
and Head of Sustainable Finance at the Global Policy Initiatives of the
Institute of International Finance;
Simon Zadek: Head of Biodiversity
Finance and Senior Advisor to the TNFD Initiative;
Obaid Al-Zaabi: CEO of the Arab
Authority for Agricultural and Agricultural Development (AAAID);
Alaa El-Zohiri: Chairman of the
Board of Directors of the Egyptian Insurance Federation;
Vera Songwe: President,
Participant of the High-Level Independent Expert Group on Climate Finance;
Mark Harley: Senior Advisor to
the International Network of Financial Centers for Sustainability;
Mohamed Nasr: Egypt’s Ambassador
to Austria and Director of the Climate and Environment Department at the
Egyptian Ministry of Foreign Affairs;
May Abu El-Naga: Deputy Governor
of the Central Bank of Egypt for Banking Supervision and Supervision;
Nada Al-Agizi: Minister
Plenipotentiary and Director of the Department of Sustainable Development and
International Cooperation at the League of Arab States;
Ndidi Noli Edozin: Head of the
Circular Economy Innovation Partnership and Managing Partner Afrikairos GmBH.
The Advisory Council is
responsible for proposing the policies that the Center will follow in its work,
proposing cooperation programs and exchanging experiences with institutions,
centers and parties concerned with sustainable financing at the local, regional
and international levels, as well as contributing to achieving the Center’s
objectives by expressing opinions and providing advice on topics presented to
it related to the Centre’s areas of work. As well as proposing what he deems
necessary to carry out the centre’s duties.
Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FSA), emphasized the crucial role of sustainable finance in achieving sustainable development goals. He highlighted the need for a comprehensive approach that includes enabling environment: creating a conducive environment for sustainable finance through appropriate legislative and regulatory frameworks; strategic partnerships: fostering strong collaborations with regional and international development institutions; facilitated access: promoting easier access to sustainable financing to support sustainable development efforts and improve quality of life for all.
