Bahrain’s NBB on track with environmental conservation plan

  • Date: 25-Apr-2022
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Bahrain
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Bahrain’s NBB on track with environmental conservation plan

Honouring its commitment to integrate sustainability across its business operations, the bank continues to implement sustainability practices as part of its established 3-year sustainability roadmap.

Strategy focus

NBB’s strategy focuses on embedding Environmental, Social and Corporate Governance (ESG) framework across the bank’s operations. Through its guiding principles, the roadmap has enabled the bank to accomplish several key milestones, namely in environmental conservation, reducing harmful waste consumption and successfully lowering its CO2 emissions during 2021.

NBB has launched several initiatives during 2021 to instil a culture of environmental conservation across its community. The bank introduced a solar panel financing solution for customers who wish to install solar energy panels in their homes, and in a bid to embed environmentally conscious practices within its products and services, the bank also introduced auto loan financing with exclusive rates for customers seeking to purchase hybrid or electric vehicles.

The bank additionally extended its support to the first eco-friendly hospital in the kingdom, the new King Hamad American Mission Hospital, financing construction and the installation of solar panels at the hospital.

EMS certification

Honouring its commitment to ESG integration, NBB was the first bank in the kingdom to successfully attain the ISO 14001:2015 Environmental Management Systems (EMS) certification which aims to