Arab Bank Digital Transformation and Growth Strategy
Arab Bank has launched a forward-looking comprehensive ESG strategy
البنك العربي
ARAB BANK
Environmental
Support the transition to a
low carbon economy
Sustainable Finance
Issued the Bank's Sustainable Finance
Framework
Completed Issuance of $250mm Sustainable
Additional Tier 1 Capital Securities
Environmental Impact of Portfolio
Published the Bank's Environmental and Social
Risk Policy (ESRP)
Developing baseline GHG emissions of the
lending and investment portfolio and assessing
emission reduction pathways for priority sectors
in the medium term
Environmental Impact of Operations
91% of total electricity consumption sourced
from renewable energy projects
Adopted a material and waste
management strategy to reduce
environmental impact of operations
Social
Advancing social development in
the community
Social Impact of Our Portfolio
A suite of products and services and digital
solutions for economic and social
development of SMEs
Launched several products and
community initiatives to promote financial
inclusion and literacy
Diversity and Inclusion
Launched Strategic Framework for Women
Empowerment to foster inclusion of women
across the workplace, marketplace, supply
chain and the community
21% female representation in senior
management roles
Corporate Citizenship
Multifaceted approach towards community
investments, including Abdul Hameed
Shoman Foundation, and Arab Bank CSR
Program "Together"
$20mm of total community investments
ITT
Governance
Integrating ESG into the Arab Bank
governance model
ESG Governance Model
ESG governance model currently under
process by a dedicated ESG working
group and will be finalized during 2024
ESG Training and Awareness
Conducted a series of high-level ESG
awareness sessions for the board of
directors and senior management
Rolled out first level ESG training sessions
across the network with follow up sessions
planned for 2024
Transparent ESG Reporting
Arab Bank has been issuing the annual
sustainability report based on the Global
Reporting Initiative (GRI) since 2010
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