Companies

NBB Joins Largest Corporate Sustainability Endeavour

Published on: 24 July 2022 06:00 PM
by KnowESG
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The National Bank of Bahrain (NBB) announced its participation in the United Nations Global Compact, the largest corporate sustainability effort in the world.

It is a big global initiative that requires businesses to connect their plans and operations with their Ten Principles regarding human rights, labour, the environment, and anti-corruption and to take action to advance societal goals.

Globally, more than 14,000 businesses and 4,000 non-business participants have already adopted the initiative's commitments.

According to the bank, the move is consistent with NBB's commitment to conducting business under universal standards that contribute to a more inclusive global market and help develop prosperous and vibrant societies.

As part of its commitment to increase its global influence on sustainability through this effort, NBB wants to evaluate, define, implement, measure, and explain its existing sustainability strategy, with a particular emphasis on including all its stakeholders.

The bank will prioritise achieving long-term commercial success for its workers, its communities, and the environment, the statement continued.

CEO Jean-Christophe Durand said: "With a promise to enact the UN’s Sustainable Development Goals, NBB is pleased to be taking part in the United Nations Global Compact initiative. 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 to become a more sustainable and responsible organisation on a global scale," he added.

Group Chief Human Resources and Sustainability Officer Dana Buheji said: "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 to contributing to the Kingdom’s Economic Vision 2030 and a future net-zero economy by 2060," she added.

Source: Trade Arabia

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