Raya Holding is an enabler of change. Our policies and business decisions take environmental impact into consideration with an eye on minimizing our carbon footprint and maximizing energy efficiency and the responsible use of precious resources.
As a parent company to 11 portfolio businesses operating globally, Raya Holding is dedicated to supporting the Paris Agreement target to reduce rising temperatures. Raya Holding is currently establishing a GHG inventory system across its businesses to quantify its emissions, paving the way to improving data collections processes, ensuring accuracy and quality.
We invest in an array of diverse industries, including two of the largest waste generating sectors, namely manufacturing and agriculture. We have, accordingly, set clear policies and procedures to manage our waste processes safely and sustainably across the organization. All our manufacturing facilities are ISO 14001-certified and adopt world-class environmental and waste management practices according to each facility’s unique sector. Our strategy is based on waste reduction, followed by reusing, recovering, and recycling our by-products and other surplus materials in our operations whenever feasible. At our HQ for example, we make sure that all our plastic waste is sent to a certified recycling facility. We also partnered with e-Tadweer, a mobile application launched in 2021, in support of the Ministry of Planning and Economic Development’s Medical and Electronic Waste Management Unit initiative, in cooperation with the United Nations Development Program (UNDP) and funded by the Global Environment Facility (GEF). On the e-Tadweer app, customers can upload the details of their old electronics and e-devices and then drop them off at their nearest Raya branch for recycling. Doing so allows them to earn points that they can use at select Raya stores in Cairo and Giza.
Staying true to our pledge to become enablers of change and drivers of innovation, we are proud to have developed Raya Holdings’ HQ building as the first operational smart building in Egypt, with Galleria 40 being the first business complex in Egypt to comply with international business standards for green buildings by receiving the LEED Gold certificate in 2016 from the U.S. Green Building Council (USGBC). Building upon this success, we established Raya Smart Buildings with the aim to revolutionize the smart and green building industry with our unique innovation and value proposition. Through collaborations with renowned architectural and green building companies, we build structures that improve energy and water efficiency through connected systems while promoting sustainable and responsible consumption.
Raya Holding showcases responsible investment practices by strategically expanding its portfolio to include electric vehicles (EVs), thereby contributing to climate resilience. Through its strategic partnership with XPENG Motors, a leader in EV technology, Raya Holding is actively advancing sustainable transportation solutions, demonstrating its commitment to environmental stewardship. This move not only drives innovation within the automotive industry but also positions the company as a key player in building climate resilience by reducing carbon emissions. As an active member of the UN Global Compact, Raya Holding aims to equip companies with the knowledge and skills needed to achieve emissions reduction targets aligned with the 1.5°C pathway, setting them on a path towards net-zero emissions by 2050. To ensure that all employees and relevant stakeholders are well-versed on key sustainability topics and methods of measuring their carbon emissions across all our operations, we conducted training sessions with department heads to raise awareness on the impact of our production on climate change.