Natural Environment CSR: HSBC Bank Egypt works with leading charities to support community projects, with a focus on education and the environment.
Concerning Education, HSBC worked with Misr El Kheir, a non-governmental organization (NGO) to build a total of 50 community schools in situated villages in Egypt, providing education to more than 1,500 students.With 50% of the budget directed to education, the Bank partnered with Alwan and Awtar NGO to support them in the expansion of their Montessori school, targeting a total of 150 deprived children living in El Hadaba El Wosta in the Mokattam Hills.In corporation with Wataneya Society NGO, HBEG continued the sponsorship of FORSA program, which is a youth development program specially tailored to orphans, to help them develop the required skills and knowledge that employers look for, which as well raises self-esteem to children living in orphanages to feel encouraged and impowered to blend in the society.Environmentally, HSBC provided access to water for irrigation in five villages, implemented green school curriculums in five nurseries and schools; installed seven water filtration stations in the Western desert and Southern Red Sea; in addition to introducing the concept of rooftop and vertical gardens in six nurseries and schools.
HSBC partnered with the Research Institute for Sustainable Environment at the American University in Cairo to launch the “Food for the Future” program, tackling the issue of food scarcity and water management. “Food for the Future” will establish best practice solutions for integrated, sustainable agriculture – increasing yields, efficiently using all resources and by-products, adding value by reusing water and producing energy and fertilizer from waste.HSBC also played a role regarding the community by partnering with HEYA NGO to implement a community flagship project to support the local communities living in the Eastern Desert and Red Sea mountains (Ababda tribe). Through the Ramadan Initiative community project, HBEG staff volunteered with their families to pack a total of 1,500 food packs reaching 1,500 families. The bank also distributed food supplies to 2,000 families from the Ababda tribe living in the Eastern Desert and Red Sea mountains as well as 350 solar lanterns and 100 water barrels to assist them given the harsh conditions they live in.
