NBB ranks high in ESG: Bahrain

  • Date: 23-May-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Bahrain
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NBB ranks high in ESG: Bahrain

The National Bank of Bahrain (NBB) has been ranked first in the Mena region for its Environmental, Social and Governance (ESG) performance by Refinitiv ESG Scoring.

The bank’s score of 89 points places it within the top two per cent of global banking services companies rated by Refinitiv.

The achievement reflects NBB’s commitment to sustainability and responsible banking, with a continued focus on community engagement and innovation further cementing its position as a leader in the banking industry.

The coveted ranking underscores the bank’s resilient efforts to implement key sustainability initiatives across its business operations, including financing renewable energy projects, developing a comprehensive environmental conservation plan to reduce energy and water usage, and rolling out sustainable financing products.

Its extensive range of ESG initiatives have enabled the organisation to reduce its carbon footprint, as well as adopt renewable energy sources and sustainable business practices.

NBB Group chief executive Usman Ahmed said: “We are honoured to be recognised as the top-ranked bank in the Mena region by Refinitiv ESG Scoring. This is a reflection of our commitment to embedding sustainable practices at NBB and reinforces our vision to be the most sustainable organisation in the region. We will continue to invest in sustainable initiatives and innovative