United Nations Global Compact (UNGC)
Qalaa Holdings is an active participant in the United Nations Global Compact (UNGC) Egypt Network. The UNGC is the world's largest voluntary corporate social responsibility initiative with over 12,000 business and non-business participants from 145 countries, and is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. By doing so, Qalaa Holdings contributes to ensuring that markets, commerce, technology and finance advance in ways that benefit the economies and communities in which it does business.As a participant, Qalaa Holdings commits to:
- Setting in motion changes to its business operations so that the UNGC and its Ten Principles become part of the company's strategy, culture and day-to-day operations, not just at the holding level but throughout its subsidiaries and supply chains;
- Advocate the UNGC and the Ten Principles via its communications channels; and
- Communicate annually with its stakeholders on efforts to implement the UNGC principles, and post this Communication on Progress (COP) on the UNGC website.
Global Impact Investing Network (GIIN)
Qalaa Holdings is also a member of the Global Impact Investing Network (GIIN), a non-profit organization dedicated to increasing the effectiveness of for-profit investing that addresses social and environmental challenges. Impact investments are investments made into companies, organizations and funds with the intention to generate measurable social and environmental impact alongside financial return. Our membership in GIIN helps us to select and apply social, environmental and financial performance metrics, including metrics commonly used to assess performance in our core industries.
As GIIN members we are part of a diverse network of global for-profit and non-profit organizations including investors, asset managers, advisors and other industry service providers from over 15 countries. Being part of such a diverse group of like-minded organizations gives us an excellent platform from which we can exchange ideas, benchmark our progress and contribute to the successful development of the impact investing community.