Annual Report

Overview

The report presents a 6,288-person, 10-country banking group that continued implementing an Environmental & Social Management System integrated into core credit operations. It reported according to the GRI Standards, maintained commitments to five named SDGs plus SDG 8 leadership, and upheld the UN Global Compact principles. The year was dominated by Lebanon's economic crisis, including USD 1.2 billion of expected credit loss allowances and a negative audit opinion on the 2019 financial statements.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2019
Period: 1 January 2019 – 31 December 2019
Publication date: 29 July 2020
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

GRI level

Materiality

Assessment
Basis

Assurance

Statement included

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