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Egyptian private banks to issue annual ESG reports
Chris Hamblin
15 October 2019
The RCSF, once set up, is to produce a database of 'sustainable' investments to help companies (including wealth managers but excluding private banks) to make decisions about investments. Media reports suggest that there will be some kind of compulsory edge to the use of the database. Omran told reporters: "It is time to move from making recommendations to implementing operational steps on the ground." He also said that listed companies are going to have to divulge the risks and financial costs associated with climate change in their annual reports. According to the FRA's website, his organisation is going to require women to be represented on the boards of listed companies.