SAB becomes 1st bank in Saudi to join as official signatory in UN PRB

SAB becomes 1st bank in Saudi to join as official signatory in UN PRB

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Saudi Awwal Bank (SAB), formerly called Saudi British Bank (SABB), has become the first bank in Saudi Arabia to join as an official Signatory of the UN Principles for Responsible Banking (UN PRB), reaffirming its commitment to sustainable finance.

The UN Principles for Responsible Banking is a single framework for creating a sustainable banking industry, developed through a partnership between banks worldwide and the United Nations Environment Program Finance Initiative (UNEP FI).

SAB aims to commit to the ambitions of the Principles, developed by a group of global banks and the United Nations to establish a framework for sustainable banking practices. Signatories commit to aligning their business strategies with the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change, and to work with clients and customers to help achieve these goals.

Tony CrippsMD & CEOSAB

“The challenges we face as a global community require a collective effort from all stakeholders, including financial institutions. SAB is committed to being an active responsible corporate citizen and contributing to the sustainable development of our society. We are proud to be an early adopter of the Principles for Responsible Banking and look forward to sharing our experiences and best practices with other