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NEWS
BBK launches its sustainability framework, reinforcing commitment to positive ESG impact
07 Jun 2021
BBK is pleased to announce its sustainability framework, integrating Environmental, Social and Governance (ESG) considerations across its business conduct and operations and aligning its ESG priorities with the United Nations Sustainable Development Goals (SDGs) and Bahrain Vision 2030, to build a robust economy and a strong society.
The new framework represents the guiding principle through which the Board of Directors and the Management direct decisions and oversee the implementation of the Sustainability. It clearly conceptualizes sustainability at BBK and acts as a method of defining and handling their environmental, social and governance (ESG) impacts in a responsible way. It focuses on four pillars: Good corporate governance; Being a responsible and responsive employer; Fostering positive long-term customer relationships and experiences; and finally a social responsibility mindset.
The overall framework will be overseen by the newly established Sustainability Committee at the Management level. Additionally, the Board of Directors has entrusted the Board Nomination, Remuneration and Governance Committee the responsibility to ensure the development and implementation of BBK’s strategy and KPIs related to Sustainability.
On this occasion, Dr. AbdulRahman Ali Saif, BBK Group CE said, “The adoption of the new sustainability framework is an essential part of good corporate governance, through which the Bank integrates sustainable solutions across its business conduct and operations. It promotes strong performance for its shareholders and excellence in customer experience, showcasing BBK’s commitment towards digital transformation and long-term solutions for its customers and the society as a whole”
Through this framework, BBK is keen to play a leading role on matters related to sustainability; with continuous training and development of the employees, ongoing enhancement of the Bank’s digital offering, green finance and support to sustainable energy solutions, etc..
As per the best practice, the Bank will be disclosing soon the framework on its website and related policies, enabling shareholders and customers to view them at their convenience
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