ABG extends $3.4billion as sustainable financing

ABG extends $3.4billion as sustainable financing

Manama: Al Baraka Banking Group, a Bahrain headquartered Islamic banking major, said that it had achieved sustainable financing targets one year ahead with offering $3.4billion as sustainable financing to communities.

ABG has published its Sustainability and Social Responsibility Report for the year of 2019 covering important progress made by the Group during the year on its various programmes and activities including an impact assessment of its sustainable financing targets.

The statement stated that the Group had effectively reached one year ahead of plan as set out in the Al Baraka Goals (2016-2020), which are linked with seven of the United Nations Sustainable Development Goals (SDGs) 2030.

The Al Baraka Goals focus on Job Creation, Education, Healthcare and Sustainable Energy and the Group is currently working on the Al Baraka Goals for 2021-2025.

The Report provided a detailed account of the Group's success in continuing to enhance its efforts to make all its business measurably sustainable and socially responsible. Based on the existing measurement tools, the Group's overall sustainability and social responsibility programme