MIP Reveals its Roadmap for Sustainability during COP27 in Sharm El Sheikh – Egypt Today

MIP Reveals its Roadmap for Sustainability during COP27 in Sharm El Sheikh – Egypt Today

In line with COP27 theme ‘Together for Implementation’ Misr Italia Properties (MIP) unveiled a series of unique practices across its diverse developments. MIP prioritizes quality through partnerships that help present comprehensive projects taking its values and sustainability measures into account, towards a greener future.

“COP27 in Sharm El Sheikh focused on constructive implementation and this has been the guiding principle of our strategy; the real estate industry as estimated by the World GBC is responsible for about 40% of global carbon emissions; as an industry, real estate development needs to take proactive steps to reduce its impact on the planet and its resources,” explained Mohamed Hany El Assal, CEO and Managing Director of Misr Italia Properties.

During the first week of COP27, the company signed The United Nations Global Compact Network Egypt (UNGCNE) “Egypt’s Sustainable Communities” Initiative Declaration with the aim of building better lives and the Climate Ambition Accelerator, promising to collaborate and share best practices across the construction and real estate value chain and to ensure the well-being of people and the planet. In that light El Assal added that “we are thrilled to be part of this initiative which aims to coordinate members' efforts to resolve barriers that stand