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The Casablanca Stock Exchange organized a ceremony of the signing of the Qualit’Air charter, in partnership with the Mohammed VI Foundation for Environmental Protection and the General Confederation of Businesses of Morocco (CGEM).
By joining the charter, the Casablanca Stock Exchange is committing to encouraging its ecosystem to balance economic growth with environmental sustainability.
The signing ceremony included a panel discussion centered around the theme: “How decarbonization can be a lever of competitiveness and growth for businesses.”
Moderated by Senior Expert Decarbonization at the Air-Climate Center from Mohammed VI Foundation for Environmental Protection Nasma Jrondi, the discussion also included Green Innov Industry Investment President Badr Ikken, and President of the Sustainable Development Commission of the CGEM Assia Benhida.
Ikken highlighted the role of electrification in decarbonization, but with major challenges in some sectors such as aviation and maritime transport. In such instances, he suggested a shift to green hydrogen and renewable energy sources.
He suggested several measures for implementation, including the adoption of electric motors, the implementation of purges, improved insulation practices, and the automation of industrial processes.
Also speaking at the conference was Soumia Bahi, Director of ESG & Certifications at Bank of Africa.
In a world confronting the urgent realities of climate change, decarbonization has become a light of hope in the crucial process of reducing the greenhouse effect and global warming.
As a nation uniquely positioned at the crossroads of Africa and Europe, Morocco has set its sights on a strategic vision towards decarbonization.
According to Ikken, the proposed carbon adjustment mechanism by the EU will impact certain sectors of the national economy, including cement, steel and ores, electricity, and aluminum.
As a result, 7% of companies would be affected by the mechanism, representing over MAD 25 billion of the value of all of Morocco’s exports.
In recent years, the Casablanca Stock Exchange has shown significant dedication to decarbonization, positioning itself as a key player in the transition to a more sustainable economy by adopting numerous measures.
