First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, announced the signing of the United Nations’ ‘Women’s Empowerment Principles (WEPs). This initiative, launched by the UN Women in collaboration with the UN Global Compact, provides guidance for institutions to support gender equality and women empowerment in the workplace, society, and the overall community.
The WEPs were signed during a ceremony and were attended by FABMISR’s executives and the UN Women in Egypt representatives. The bank’s commitment to the WEPs aligns with its strategy to empower women and create a more inclusive and diverse work environment. This initiative is in line with the country’s strategy, Egypt Vision 2030, as well as FABMISR’s 2030 goals for empowering women both socially and economically.
After signing the Women’s Empowerment Principles, FABMISR becomes part of a network of 100 Egyptian institutions and over 8,500 global organizations dedicated to strengthening women’s roles in society and empowering them economically and socially, while also promoting gender equality.
The seven principles include: establishing an organizational commitment to achieving gender equality, treating all employees from both genders fairly and without discrimination, ensuring the health, safety, and well-being of all female and male workers, promoting education, training, and vocational development for women, achieving sustainable development for projects and practices related to supply chains and marketing that empower women, enhancing equality through community initiatives and awareness programs, and measuring the public reporting of progress in achieving gender equality with full transparency.
During the signing, Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said: We are proud to adopt the United Nations’ Women’s Empowerment Principles. It is a fundamental pillar in FABMISR’s sustainability strategy to empower women and enhance their leadership roles in the workplace, economy, or society.
He added: This commitment does not just enhance our organizational performance but also fosters innovation and economic growth. This commitment reflects FABMISR’s support of the state’s efforts to achieve Sustainable Development Goals, especially the UN’s fifth goal embedded in Egypt’s Vision 2030, emphasizing gender equality and empowering all women and girls.
FABMISR’s sustainability strategy focuses on supporting women, youth, and individuals with special needs by addressing the diverse needs of these groups by providing comprehensive and tailored banking services and products. The aim is to integrate them into the banking sector, achieving financial inclusion.
The bank also adopts initiatives that contribute to achieving social development, in addition to financing sustainability projects, green financing, and economic and social empowerment projects for women. This aligns with the Sustainable Development Strategy “Egypt Vision 2030” and actively contributes to driving economic development in the country.
