MANAMA: BBK has launched its sustainability framework, integrating environmental, social and governance (ESG) considerations across its business conduct and operations.
The bank said the framework also aligns its ESG priorities with the United Nations Sustainable Development Goals (SDGs) and Vision 2030, to build a robust economy and a strong society.
It is the guiding principle through which BBK’s board of directors and management will direct decisions and oversee the implementation of the sustainability.
It clearly conceptualises sustainability at BBK and acts as a method of defining and handling their environmental, social and governance (ESG) impacts in a responsible way.
The framework focus is on four pillars: Good corporate governance; Being a responsible and responsive employer; Fostering positive long-term customer relationships and experiences; and A social responsibility mindset.
The overall framework will be overseen by the newly established Sustainability Committee at the management level.
Additionally, the board of directors has entrusted the board nomination, remuneration and governance committee the responsibility to ensure the development and implementation of BBK’s strategy and KPIs related to sustainability.
BBK Group chief executive Dr Abdulrahman Saif said: “The adoption of the new sustainability framework is an essential part of good corporate governance, through which the bank integrates sustainable solutions across its business conduct and operations. It promotes strong performance for its shareholders and excellence in customer experience, showcasing BBK’s commitment towards digital transformation and long-term solutions for its customers and the society as a whole.”
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