NBB Tops MENA Region in Refinitiv ESG Scoring

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by KnowESG
KnowESG_National Bank of Bahrain
Image courtesy of National Bank of Bahrain

The National Bank of Bahrain (NBB) has secured the top position in the MENA region for its exceptional Environmental, Social, and Governance (ESG) performance, according to the Refinitiv ESG Scoring.

With an impressive score of 89 points, NBB ranks among the top 2% of global banking services companies evaluated by Refinitiv. This accomplishment highlights NBB's dedication to sustainability and responsible banking, solidifying its leadership position in the banking industry while emphasising community engagement and innovation.

This esteemed recognition validates NBB's unwavering efforts to implement crucial sustainability initiatives across its business operations. These initiatives encompass financing renewable energy projects, developing a comprehensive plan to conserve the environment by reducing energy and water consumption, and introducing sustainable financing products.

Through its diverse range of ESG endeavours, the bank has effectively diminished its carbon footprint, embraced renewable energy sources, and adopted sustainable business practices.

Usman Ahmed, the Group CEO of NBB, expressed gratitude for the achievement, stating, "We are honoured to be acknowledged as the top-ranked bank in the MENA region by Refinitiv ESG Scoring. This recognition reflects our commitment to integrating sustainable practices at NBB and reinforces our vision to become the most sustainable organisation in the region. We will persist in investing in sustainable initiatives and innovative solutions that generate long-term value for our stakeholders."

Salman Radhi, Information Security Technical Support Manager & Sustainability Officer at NBB, also shared his pride, remarking, "We are proud to have achieved the first-place ranking in ESG performance in the MENA region. This serves as a testament to our evolving sustainability framework and the milestones we continue to achieve in the banking sector. We have taken measures to support the economic, social, and environmental well-being of the community by implementing various initiatives aimed at reducing our environmental impact, promoting social responsibility, and ensuring good governance."

The Refinitiv ESG rankings evaluate companies' transparency and performance across a range of ESG metrics encompassing 10 themes, including environmental impact, workforce diversity, and risk management. These rankings offer valuable insights into companies' responsible business practices and sustainability impacts. With over 9,500 companies globally assessed and ranked based on Refinitiv's ESG pillars, this achievement underscores NBB's dedication to sustainable and ethical business practices.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: National Bank of Bahrain

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