EC initiative on “Save the Planet by shifting taxation from labor to greenhouse gas emissions”
The European Commission (EC) has decided to register a European Citizens’ Initiative (ECI) entitled ‘Save ...
Elsewedy Electric earmarks EGP 64 m for CSR activities serving SDGs
Elsewedy Electric channeled EGP 64 million over the last three years for CSR activities that helped at the same time attaining Sustainable Development Goals (SDGs).
The company’s CSR practices take into account the economic, environmental, and social impact of all activities.
The company was keen to serve all the United Nations’ Sustainable Development Goals.
Elsewedy Electric worked on serving SDG 1 which aims at eliminating poverty through providing employment opportunities.
Elsewedy Electric is committed to equal employment and advancement opportunities. It provides job opportunities for individuals of all backgrounds, understands the value of gender diversity in the workforce, and has zero tolerance for discrimination based on gender, ethnicity, or religion. All employees are hired within a clear policy framework that respects local laws and regulations.
Given that workers in the company’s industry are predominantly male, the company encourages employment opportunities for qualified women wherever possible in line with SDG 5 which calls for gender equality. This approach applies equally to management and executive positions.
According to statistics, women represented 6 percent of the company’s workforce in 2017.
In view of the company’s large workforce, investing in the company’s employee’s general health and well-being is important in line with SDG3 which calls for Good Health and Well-Being.
Elsewedy Electric provides medical benefits to its employees, covers the costs of medical procedures for the community through its humanitarian fund and pays for medical check-ups for contract laborers.
Elsewedy Electric provides specialized chairs, desks, and equipment to employees and students to minimize health issues. It also establishes and supports medical institutes.
It promotes physical activity through seminars, lectures, workshops, sports days, and athletic classes.
At Elsewedy’s companies in Iraq, Yemen, Syria, and other conflict-affected areas where employees are not permitted to leave the project sites, we offer a full range of on-site activities, including recreational rooms, basketball courts, football pitches, and fully equipped gyms.
Elsewedy’s power plant in Egypt’s Upper Egypt governorate of Beni Suef provides a full gym, with shower and locker-room facilities, as well as sleeping areas and an onsite canteen.
As a business that operates in the manufacturing sector, Elsewedy Group sets a high priority on health and safety across its group of companies. A safe and healthy workplace is a key business imperative. Elsewedy’s HSE policy reflects its belief that its employees are the most important asset. Its guidelines ensure safe and productive workplaces across the Group by minimizing the risk of accidents, injury, and exposure to health hazards for all employees and subcontractors.
The company also ensures that it complies with all environmental legislations, policies, and requirements across all global operational locations.
The company’s efforts to serve good health and well-being goal was not confined to its facilities, Elsewedy Electric has also built and equipped the Legislation Association Main Hospital that offers free treatment to all Egyptians. The hospital specializes in cancer treatment and the treatment of severe burns.
Seeking to serve SDG 2 on Zero Hunger, Elsewedy Electric provides catering services across its group of companies.
Catering services at all Elsewedy factories and manufacturing plants provide hot meals and bottled water for all laborers. For on-site projects it provides pre-packaged lunchboxes and individual water bottles.
Catering suppliers undergo reviews for medical certificates, blood checks, and Health and Safety Executive-related (HSE)certifications and standards.
Elsewedy also provides meals at Elsewedy Technical Academy (STA) and its other educational institutes.
Elsewedy Electric provides food boxes during Ramadan.
As for SDG 4 on Quality Education, Elsewedy Electric built Elsewedy Technical Academy (STA) in 2011 under the supervision of Egypt’s Ministry of Education.
The STA provides a three-year, secondary level program of customized technical education for the major electrical industries at international standards. All STA’s training programs follow the German example of dual approach training, which combines learning and training tracks that take place both at the school and in Elsewedy factories.
The STA aims to provide an innovative and enhanced educational program focused on developing students’ skills in order to create a pool of qualified, skilled, efficient, and professional members of the technical community to support the foreign and local markets.
It also funds, renovates, and builds schools across Egypt and Africa.
Since 2017, Elsewedy Electric has been providing merit-based scholarships to students from public schools in cooperation with the American University in Cairo (AUC), the German University Cairo (GUC), Zewail University, Nile University, Faculty of Medicine at Qasr Aini University, Mansoura University and Ain Shams University.
Elsewedy scholarship fund began as a pilot program in 2016 with 2 students; it has grown to a capacity of 100 students per year, with 64 full scholarships being provided in 2017.
Elsewedy Group has been also keen on attaining SDG 8 on Decent Work and Economic Growth through offering competitive salaries, a range of employee benefits, and career development programs.
As for SDG 6 on Clean Water and Sanitation, Elsewedy Electric provides bottled water to laborers as well as water treatment services and tanks at industrial parks.
Concerning SDG 7 on Affordable and Clean Energy, Elsewedy Electric uses solar and wind energy in addition to using LED lights in all its facilities.
Elsewedy Electric offers alternative solutions for power generation, innovates through product research and development, and deploys innovative IT technologies.
Elsewedy Group’s development and acquisition of advanced technology helped it to supply the most cost-effective and clean technology locally, regionally, and internationally. Group-wide sharing of the most advanced production technology extends significant efficiency gains across the Group, while effective brand development boosts the Group’s profile as a leading energy player.
Strategic partnerships with key players in the industry saw USD 1.2 to 1.5 billion of total finance raised across the group in 2017.
Under SDG 17 on Partnership for the Goals, Elsewedy Electric establishes valuable NGO partnerships, partners with government in addition to having international partnerships.
Elsewedy Electric is a member of the United Nations Global Compact Network Egypt.
Elsewedy Electric’s products and services embody its core values and beliefs, including sustainability. At every stage of development, the environmental impact of products and services is considered.
The company always looks for ways to increase the recyclability of products, decrease energy use at facilities and sites, minimize waste water, and improve waste management. All recyclable components, such as cables,wires, plastic, and more are collected and reintroduced into the manufacturing process.
Elsewedy Electric ensures the recyclability of products across business lines and ensures raw materials are sourced responsibly.
Elsewedy Group also offer incentives to customers to return old cables and other products for financial bonuses or new products.
Morever, Elsewedy Electric implements relevant carbon footprint reduction policies.
Elsewedy Electric has industrial parks and provides renewable energy services.
Elsewedy Electric has proper water management policies and participates in the cleanup of the Nile River at Beni Suef Combined Cycle Power Plant (CCPP).
Elsewedy Electric adheres to all environmental authority regulations and practices proper E-waste management.
Elsewedy Electric has contributed to Egypt’s economic growth, both through the Group’s constant development and through extensive holdings locally and internationally. Even through times of economic hardship, Elsewedy Electric has maintained and improved its solid financial position. Not only do the Group drives economic growth in the markets where it operates, but it creates jobs, provide decent livelihoods, and develop industries. .
Elsewedy’s revenues have increased rapidly since it joined the Egyptian Exchange (EGX), growing by 74.1%, from EGP 24.6 billion in 2016 to EGP 42.9 billion at the end of 2017.
Elsewedy Electric was placed among the 100 best companies listed on the Egyptian Exchange for three consecutive years.
Elsewedy Electric was named one of the top 50 Egyptian companies by Forbes Middle East at their “Egypt 100” event.
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