Banque Misr

In terms of senior leadership accountability, Banque Misr assigns the responsibility for sustainability issues to the board of directors.

No leading practices were identified for the financial institution in the respecting planetary boundaries measurement area.

Banque Misr has a publicly available policy statement committing it to respect human rights. Furthermore, it discloses the proportion of women in its total direct operations workforce for each employee category. It has a publicly available policy statement which shows it is committed to respecting the health and safety of workers and a policy prohibiting bribery and corruption. Banque Misr discloses the amount of finance it directs towards small and medium-sized enterprises.

In terms of its approach to senior leadership accountability, Banque Misr has an opportunity to link the remuneration of its executive and management teams to sustainability performance criteria. Furthermore, no evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. In addition, women are underrepresented on the board of directors where only one out of eight board members are women. Banque Misr has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Banque Misr discloses a target to reach net-zero financed emissions by 2050. It has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Furthermore, the financial institution could disclose the amount or share of its financing activities devoted to climate solutions. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects. Regarding nature and biodiversity, Banque Misr has an opportunity to commit to minimising its negative impacts or financing regenerative solutions.

Banque Misr has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. It has an opportunity to establish a grievance mechanism accessible to all workers, external individuals and communities to raise human rights complaints or concerns. Furthermore, the financial institution could disclose the proportion of its total direct operations workforce for each employee category by age group. Banque Misr has an opportunity to discloses the amount of finance directed towards low-income developing countries.