INITIATIVE · 2022–2023

The USAID-TIF Partnership
Lebanon ESG Stewardship Program

Distinguished as the first of its kind within the MENA region, the Lebanon Environmental, Social, and Governance (ESG) Stewardship Program is a collaborative endeavor between Capital Concept and USAID’s TIF Project.

Discover the Program View Certification Ceremonies

THE PROGRAM

The Lebanon ESG Stewardship Program

The core objective revolves around providing support to over 100 Lebanese companies as they integrate globally acknowledged environmental, social, and governance (ESG) practices. The overarching aim was to enhance the appeal of Lebanese companies to a wide spectrum of stakeholders, encompassing investors, clients, suppliers, and markets.

The program was launched after months of engagement with stakeholders. In this ambitious endeavor, Capital Concept collaborated closely with esteemed stakeholders and partners, while participating in a series of ESG awareness events among prominent institutions and companies within Lebanon’s private sector.

In collaboration with

  • LLWBLebanese League for Women in Business
  • RDCLLebanese Business Leaders Association
  • LPSNLebanese Private Sector Network
  • ALIAssociation of Lebanese Industrialists
Speaker at the Lebanon ESG Stewardship Program launch event, April 2022
Program launch event · April 2022
Capital Concept speaking at a Lebanese Private Sector Network event
LPSN awareness event
Panel discussion at a private sector dialogue on climate finance
Private sector dialogue

THE PROGRAM JOURNEY

  1. Engage

    Stakeholder Engagement

    Months of engagement with business associations and ESG awareness events across the private sector.

  2. April 2022

    Program Launch

    The Lebanon ESG Stewardship Program officially launches with USAID’s TIF Project.

  3. 2022 – 2023

    ESG Integration

    100+ companies embed ESG principles into management practices across a wide range of industries.

  4. Certification

    35 Companies Certified

    Enterprises meeting the ESG standards earn their Certification of Commitment.

IMPACT

Impact Evident Across Every Participating Company

The profound impact of the ESG Stewardship Program was readily evident across all participating companies. Notable areas of advancement included:

  • Risk mitigation
  • Regulatory compliance
  • ESG initiatives beyond Lebanon’s borders
  • Fostering collaboration
  • Engaging with like-minded entities
  • Sustainable operations

Enhanced Management Practices

Companies that embarked on the ESG Stewardship Program quickly came to realize that sustainable and responsible practices yield benefits not only for society and the environment but also for their long-term financial prosperity.

As part of this transformative shift in perspective, these companies acknowledged the pivotal role of refining and implementing enhanced management practices that seamlessly integrate ESG principles into their business operations across a wide spectrum of industries covered by this stewardship program.

Empowering Women-Led Businesses

The ESG Stewardship Program extended its influence to women-led businesses, wherein women entrepreneurs, stakeholders, executives, and leaders played a pivotal role in steering positive transformations.

By integrating ESG principles into their management frameworks, these women-led enterprises wielded the potential to unlock substantial social, environmental, and economic value.

CERTIFICATION OF COMMITMENT

35enterprises certified

Among the companies engaged in our program, 35 enterprises have attained their Certification of Commitment, a testament to their diligence and achievements within the realm of the ESG program. They earned it by substantiating their unwavering dedication and adherence to a set of ESG standards that gauge performance across dimensions such as environmental and social impact, and corporate governance.

This distinguished group stands out by exemplifying an augmented dedication to sustainability. They have strategically allocated resources towards mitigating risks stemming from environmental and social factors, whether originating internally or from external entities like suppliers and clients, and have integrated this ethos into their overarching strategic frameworks, consistently pursuing avenues for enhancement.

A certified company team celebrating with their ESGSP certificate ESG certificate being presented on stage

INVESTMENT READINESS

Attract Investors and Open Up New Venues for Capital Investment

The ESG Stewardship Program has proven to be a powerful catalyst, driving companies to recognize and harness the multifaceted benefits of sustainable and responsible practices. The integration of ESG principles into their operations has opened a pathway not only to societal and environmental betterment but also to sustained financial success.

Each of the 100 companies is now actively embracing this holistic approach, weaving environmental, social, and governance considerations into the very fabric of their core business operations. As investors seek investments that align with their values and long-term sustainability goals, the program helped companies build strong ESG performance and become investment-ready to access funds from these sources.

Investors aligning portfolios with ESG

  • Institutional investors
  • Pension funds
  • Impact investors

By fostering collaboration, the ESG Stewardship Program has ceased to be a mere exercise, evolving instead into a collective mindset and strategy that unites companies in the pursuit of corporate sustainability.

Empowering companies to leverage diverse perspectives, find innovative solutions, and retain and increase the value of their businesses.

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