Sixth of October Development and Investment Company (SODIC) announces sponsoring the United Nations Climate Change Conference (COP27), to be held in the Egyptian city of Sharm El-Sheikh in November 2022, Invest-Gate reports.

SODIC will participate in the international event as a provider and supporter.

Magued Sherif, SODIC’s Managing Director, comments: “We are currently taking serious steps towards a sustainability-led corporate strategy, setting a long-term ESG plan that guides our commitment and carbon reduction targets moving forward.”

SODIC has taken many steps to save the climate, including powering 95% of its headquarters with solar energy since 2020 and publishing its first sustainability report in 2022.

For his part, Ambassador Ashraf Ibrahim, general coordinator of organizational and financial affairs of the conference, highlights the major role played by the international private sector in promoting sustainable business models and supporting the agreed climate goals.
SODIC is a listed and nonfamily-owned company managed through a strong corporate governance framework.