To promote women’s participation in the business sector in Egypt, the United Nations Global Compact (UNGC) held consultations in Cairo on 27 July 2016, supported by the United Nations Development Programme (UNDP). The purpose of the consultations was to receive technical feedback from companies on the proposed indicators and questions on a tool being developed to support the implementation of the Women's Empowerment Principles (WEPs) and the advancement of gender equality practices within the private sector.
The UNGC, UN Women, and the Inter-American Development Bank Group are collaborating to develop this diagnostic tool. As part of the tool’s development process, UNGC is now conducting a series of global consultations with companies to ensure the tool resonates and is useful for companies of all sizes, in all sectors, around the world.
This event highlighted the opportunity for business to scale-up action to unleash the full potential of women and girls and contribute to corporate sustainability and the Sustainable Development Goals (SDGs). A diverse representation of over 30 businesses from Egypt joined this interactive consultation on a gender gap analysis tool, which seeks to help companies identify gaps and opportunities in existing gender programming.
The WEPs, a joint initiative of the UNGC and UN Women, offer a holistic roadmap for business on how to empower women in the workplace, marketplace and community. The WEPs elaborate the gender dimension of corporate sustainability and highlight the business case corporate action. Emphasizing both business responsibilities and opportunities related to gender equality and women's empowerment, the WEPs provide a ready-made platform for business action in support of SDG 5 (Achieve gender equality and empower all women and girls) and a range of gender specific targets across the SDGs.
The UNGC in Egypt is a network of 122 active local members. Originally set up with the support of UNDP, the network is now operating independently and continues to play a lead role in the promotion of sustainable and sociably responsible policies in the private sector.