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World Economic Forum: SEKEM a Sustainability World Leader

World Economic Forum chose SEKEM as one of 16 ‘Sustainability Champions’ in the developing world which are tackling environmental and social problems
SEKEM Group | 11.10.2011
Cairo, Egypt, 2011-Oct-09
The SEKEM Initiative was rewarded by the worldwide renowned World Economic Forum for its continuous efforts promote sustainable development in Egypt and worldwide. At the World Economic Forum’s Annual Meeting of the New Champions 2011 in China, 16 companies originating in the emerging markets were presented as ‘Sustainability Champions’, selected by the World Economic Forum and the Boston Consulting Group from an initial pool of more than 1,000 companies.

Since 2003, when SEKEM received the Alternative Nobel Prize, Chairman Dr. Ibrahim Abouleish and Managing Director Helmy Abouleish are frequently participating in the World Economic Forum (WEF) as Fellows of the Schwab Foundation to promote social entrepreneurship and sustainable development.

Unsustainable practices and policies in the private and governmental sector are the root causes for poverty and environmental degradation, not only in Egypt but worldwide. SEKEM’s business model counters these issues. “This international recognition underlines that our business model is a best practice to address poverty, resource scarcity and climate change”, stated Helmy Abouleish.

This year’s WEF Annual Meeting of the New Champions 2011, was held in Dalian, People’s Republic of China, on 14-16 September. Under the theme Mastering Quality Growth, leaders from government and industry gathered in Dalian to gain strategic foresight on key economic, industry and technological developments that are reshaping consumer behavior, business models and financial markets.

Within this framework, the WEF and the Boston Consulting Group set out to seek unconventional, practical solutions to the current challenges of growth, aiming to identify and support key business practices, and to relay them to the global community. Sixteen proactive innovators were selected from an initial pool of more than 1,000 companies based on the criteria of sustainability, innovation and scalability: these companies -and SEKEM among one of them- clearly stand out as the New Sustainability Champions.