NBB ranks first in Bahrain and second in the Arab World by Refinitiv
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The National Bank of Bahrain (NBB) has been recognised for their commitment to sustainability by being ranked first in Bahrain and second in the Arab World as per Refinitiv Environmental, Social and Governance (ESG) Scores for Banking Services Companies.
The bank received a total score of 65, surpassing 44 regional banks, making it part of the top 16% Banking Services Companies.
Refinitiv is a provider of transparent and accurate data surrounding ESG practices within the financial industry.
Its scoring system objectively measures a company’s ESG performance, commitment and effectiveness, based on company-reported data.
More than 9,500 companies globally are scored and ranked as per Refinitiv’s ESG pillars, which include emissions, environmental product innovation, product responsibility and corporate social responsibility (CSR strategy).
Farouk Yousif Khalil Almoayyed, Chairman of NBB, said: “Our positioning reinforces that we are taking the right steps towards positively contributing to the community and environment.
This will only strengthen the bank’s standing as it continues to thoroughly incorporate sustainability considerations into all of its organisational aspects.”
Jean-Christophe Durand, CEO of NBB, said: “We have applied ESG factors into our loan and investment plans, launched a range of sustainable products, including the Solar financing, Hybrid/Electric Car Loans and the Education Loans.
These are some of the many ESG initiatives the bank has undertaken, positively impacting the environment and community in which it operates.”
Dana Buheji, Group Chief Human Resources and Sustainability Officer at NBB, said: “NBB has made strides towards becoming environmentally responsible, but this is only the beginning.
Refinitiv recognises the bank’s endeavours on a regional level and motivates us on our journey towards becoming greener, which, in turn, will enable us to better serve our community.”
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