Industry Leaders discuss sustainability road map for real estate in Egypt – Egypt Today

Industry Leaders discuss sustainability road map for real estate in Egypt – Egypt Today

CAIRO - 6 November 2022: Sustainability and green Energy experts discussed sustainability road Map for real estate in Egypt on Sunday.

This came in a panel held by Savills Egypt where the focus was on the most pressing topics around the Environmental, Social, and Governance (ESG) factors, their cost, and the growth opportunities they present in the real estate industry ahead of “The Conference of Parties 27 COP27” in Egypt.

The real estate industry contributes to 40 percent of greenhouse gas emissions globally and is therefore an important sector for cities to consider when planning their paths to net zero.

The panel was moderated by Catesby Langer-Paget, Head of Savills Egypt Office and included Madeleine Velupillai, ESG Strategy Manager at Savills UK, Nada El Agizy, the Director of Sustainable Development, and International Cooperation at the Leagues of Arab States, Eng. Bedeir Rizk, CEO of Paragon, Ahmad Badreldine, Managing Director of El Badr Group, and Mohamed Elsammaa, Chief Development Officer of KarmSolar.

“Egypt is following the steps of other global economies in efforts to reduce the sector’s impact on climate change. There are currently 23 LEED (Leadership in Energy and Environmental Design) certified buildings in Egypt and we can definitely foresee this number increasing in