The National Bank of Bahrain (NBB) released its first Annual Financial and Sustainability Report for the year 2020, as the bank continues its journey towards adopting a more sustainable approach in accordance with international standards and practices.
The report highlights the bank’s goal to embed sustainability at the core of its business and considers fundamental reporting principles including accuracy, completeness, and balance.
NBB’s sustainability framework contains seven pillars: economic growth; responsible banking; serving customers; nurturing the workforce; community investment; preserving natural resources; and governance and ethical behavior.
As part of its commitment to transparency and international best reporting practices, NBB developed the report as per the Central Bank of Bahrain’s guidelines and in accordance with the Global Reporting Initiative (GRI) Standards.
NBB has recently ranked first in the Banking Sector, and second on all sectors within Bahrain, for Environment, Sustainability & Governance (ESG) ratings list by ESG Invest, and is the only constituent representing the Kingdom of Bahrain on the Refinitiv Arab Federation of Exchanges (“AFE”) Low Carbon Select Index.