REDCON for Offices and Commercial Centers, a subsidiary of REDCON Construction, signs on Wednesday Egypt’s Sustainable Communities Initiative – Building for Better Lives at the UN Global Compact (UNGC) panel in the United Nations Climate Change Conference (COP27), Invest-Gate reports.

The initiative is intended at uniting, coordinating, and guiding stakeholders’ actions across the built environment value chain that will ensure the well-being of people and the planet through the construction and real-estate sector practices in Egypt.

The initiative includes a roadmap for the implementation of national and global benchmarks and best practices, in addition to supporting and recognition thereof.

UNGC and DCarbon Egypt will monitor, report, and examine the progress of participants of the initiative in achieving its goals.

“REDCON is extremely proud to be one of the founding members of this initiative and we are very happy to see that other members of the real estate community are also on the same page as that of REDCON when it comes to sustainable development,” Tarek El Gammal, Chairman of REDCON, says.