NBB on track with Environmental Conservation Plan

NBB on track with Environmental Conservation Plan

The National Bank of Bahrain (NBB) is leading the banking industry in environmental conservation within the Kingdom. 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. 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 exhibited a 15.8% reduction in Diesel consumption and an 8% decrease in electricity consumption within its headquarters. The bank has also witnessed a steady decrease over the years, registering a 7.9% reduction in CO2 emissions from electricity and diesel consumption at the NBB headquarters, compared to 2020. As part of its efforts towards becoming a paperless organisation, NBB has recycled 24% of paper consumed throughout the year. 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