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Egyptian Steel Wins Steve® Award for the CSR Program of the Year

31 August, 2014
Egyptian Steel was named the winner of a Silver Stevie® Award in the “Corporate Social Responsibility Program of the Year in the Middle East and Africa” category in The 11th Annual International Business Awards today.

The International Business Awards are the world’s premier business awards program.
 
All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small - are eligible to submit nominations. The 2014 IBAs received entries from more than 60 nations and territories. The awards will be presented to winners at a gala awards banquet at the Westin Paris – Vendôme Hotel in Paris, France on 10 October, 2014.

250 executives worldwide who participated in the judging process from May through early August, judging more than 3,500 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Company of the Year, Website of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year, among others. 
 
Egyptian Steel won in the “Corporate Social Responsibility Program of the Year in the Middle East and Africa” category for their outstanding program across Egypt.
 
 
Their CSR program is divided into several sectors:

Supporting Egypt

a. It’s a known fact that the Egyptian economy has suffered tremendously over the last 3 years following the revolution of January 25th, 2011. Egyptian Steel’s CEO, Mr. Ahmed Abou Hashima, has donated in June 2014, 50 million Egyptian pounds in cash and 75 million to the government bearing the difference in energy rates to support Egypt’s economy after the election of the new president. This is his 2nd time to donate for economic support after he donated another 5 million last year.

 
Development of poor rural villages

a. About 60% of Egyptians are living on or below the poverty line. Therefore, it was a major part of Egyptian Steel’s CSR program to support and improve the standard of life for the inhabitants of impoverished rural villages. In June 2014, Egyptian Steel signed a protocol of agreement with Dar El Orman (a non-profit charity organization) to completely renovate the poorest village in Upper Egypt, supplying clean tap water to homes, electricity, and ceilings and revamping of deteriorated homes. This is a continuation of a similar CSR activity done last year, which supplied 1000 homes with clean tap water. (photos available)


b.Feeding 4500 orphans during the month of Ramadan in 2014.

c. Distributing 10000 boxes of family food supplies on poor villages surrounding the company’s plants in July 2014.

d Distribution of 20,000 wool blankets on impoverished villages when an unprecedented cold wave struck Egypt in January 2014.  
 
 
Encouragement of the youth

aEgyptian Steel supported and sponsored the Egyptian Special Olympics Team, in February 2014.

b.Official sponsors of the Egyptian Global Biking Initiative (GBI) team, which are a team of young men and women who cycle across Egypt promoting a healthy lifestyle, tourism, and also travel from Egypt to other country by bikes. They participate in an annual Euro tour as well.
 
 
Supporting Innovation

a.Egyptian Steel launched a competition for young Egyptians who create inventions and projects, to support their talents. The winner of the competition will be awarded 1 million Egyptian pounds, and Egyptian Steel will partner with the winner to bring the project to fruition. We will provide legal, logistic, financial, and management support till the winner is capable of running the project independently.