Al Madina Insurance Co SAOG 2024 SR
The report marks Al Madina Takaful's inaugural sustainability disclosure, outlining its commitment to integrating ESG principles into its Sharia-compliant insurance model. Key highlights include achieving Gold Accreditation from CSR-A and establishing a dedicated Sustainability Committee to oversee its five strategic pillars. The company demonstrated strong social commitment through an 80.46% Omanization rate and significant investments in community projects, including support for the Omani Food Bank and orphans in Gaza. Environmentally, the company focused on digital transformation, achieving a 40% reduction in paper waste and initiating GHG emissions tracking. The report also emphasizes ethical governance, aligning operations with Oman Vision 2040 and the UN Sustainable Development Goals.
Company: Al Madina Insurance Co SAOG
Sector: Financials
Country: Oman
Year: 2024
Type: SR
Pages: 81
Al Madina Insurance Co SAOG
Sustainability Report
The report marks Al Madina Takaful's inaugural sustainability disclosure, outlining its commitment to integrating ESG principles into its Sharia-compliant insurance model. Key highlights include achieving Gold Accreditation from CSR-A and establishing a dedicated Sustainability Committee to oversee its five strategic pillars. The company demonstrated strong social commitment through an 80.46% Omanization rate and significant investments in community projects, including support for the Omani Food Bank and orphans in Gaza. Environmentally, the company focused on digital transformation, achieving a 40% reduction in paper waste and initiating GHG emissions tracking. The report also emphasizes ethical governance, aligning operations with Oman Vision 2040 and the UN Sustainable Development Goals.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees