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INCLUSIVE INVESTMENT – The new borders of CSR discussed at EDILE conference
3/05/2016

Within the scope of the EDILE project, the Chamber of Commerce of Beirut-Mount Lebanon (CCIA-BML) and LIBNOR, with the support of ANIMA, held a national awareness raising conference at the Beirut Headquarters of the General Union of Arab Chambers on 20 April 2016.

 

Such event was opened by Mr Adnan Kassar, Honorary President of the General Union of Arab Chambers, and Dr Hussein Hajj Hassan, Minister of Industry of Lebanon. It was the opportunity to gather a wide range of Lebanese and Mediterranean stakeholders (ministries, business support organisations, banks, companies, international institutions, municipalities, NGOs and civil society…) on the topic of social responsibility, inclusiveness and sustainability as a growing field in the national and regional agenda.

Emmanuel Noutary, General Delegate of ANIMA, gave a presentation entitled “The new borders of CSR performance and inclusive investment” which reviewed market opportunities, sectoral trends, and provided key elements and tools to identify trusted partners to enhance competitiveness. He also hosted a round table on “The role of private and public sectors and international stakeholders in incentivizing corporates and investors to maximise local impacts”, including representatives from Fransabank and Byblos Bank (European Investment Bank relays in Lebanon), the Union of Jezzine Municipalities, Shouf Biosphere reserve (EDILE Awards winner 2015) and private company Diet Center.

The day ended with the national forum which aimed at building a partnership of organisations (public administrations, economic development agencies, local authorities, business federations, banks and audit companies) to support and manage the development and implementation of the EDILE label, each institution being invited to have some role, contribution and say in the development of EDILE.

The Beirut event outcomes can be summarised as following:

-Public administrations are growing familiar with the EDILE approach and tools

-LIBNOR shows interest in supporting EDILE with trainings, as its own action displays several synergies with the EDILE approach

-EIB relays already include similar criteria in determining loan conditions (Fransabank’s Environmental and Social Measurement System) and are eager for the EIB to insert EDILE components within future credit lines.