NBB joins the United Nations Global Compact

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain (NBB) has joined the United Nations Global Compact initiative, the world’s largest corporate sustainability initiative. The Bank aims to showcase its commitment towards conducting business practices rooted in universal principles that contribute to a more inclusive global market and help build prosperous and thriving societies.

The UN Global Compact initiative calls for companies to align their strategies and operations with their Ten Principles regarding human rights, labour, environment and anti-corruption, as well as taking action to advance societal goals. More than 14,000 companies and 4,000 non-business participants across the globe have already embraced the initiative’s commitments. As part of its promise to advance its global sustainability impact through this initiative, NBB aims to assess, define, implement, measure and communicate its current sustainability strategy with a focus on considering all of its stakeholders.

The bank will focus on actualising long-term business success matters for its employees, its communities, and the planet. Commenting on the occasion, Jean-Christophe Durand, CEO of NBB, said: “By partaking in the initiative, the bank is closer to achieving long-term success for our various stakeholders.

We are committed to showcasing our values as a responsible bank by further establishing a culture of integrity through the necessary policies and strategies with a goal to become a more sustainable and responsible organisation on a global scale.”

Dana Buheji, Group Chief Human Resources and Sustainability Officer at NBB, added: “Integrating the UN Global Impact and its Ten Principles into our core business operations is another milestone that will accelerate NBB’s contribution to the UNSDG. Our commitment to ESG considerations is motivated by our promise to implement sustainability practices in everything we do.

We are committed towards contributing to the Kingdom’s Economic Vision 2030 and a future net-zero economy by 2060.” NBB said it has made significant progress on these fronts, ranking first in the Arab World’s Banking Sector as per Refinitiv ESG Scores, first in the Banking Sector in Bahrain for ESG ratings list by ESG Invest as well as being awarded by Euromoney Middle East Awards for Excellence 2022 as Best.