SAB Enhances Sustainability Through UN Global Compact
SAB (Saudi Awwal Bank) announced that it has joined the United Nations Global Compact (UNGC) initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
UNGC is a major global initiative that runs towards more sustainable production and collective responsibility and is considered the largest corporate sustainability initiative globally.
Tony Cripps, Managing Director & CEO at SAB, said: “We are proud to join thousands of other companies globally, to commit and take part in responsible business practices, and play a vital role in the ten principles that UNGC advocates to create a better future for all of us.”
The Ten Principles of the UNGC initiative include human rights, labour, environment, and anti-corruption, as well as taking action to advance societal objectives. SAB will play a significant role in implementing the Ten Principles and leverage UNGC’s strategy to support the UN global border sustainable development goals (SDGs).
SAB has made ESG a primary focus of its operations and is actively progressing towards a more sustainable and holistic approach to banking by leveraging its capabilities and ESG strategy.
The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles and to act on and support UN goals and issues embodied in the Sustainable Development Goals.