Saudi Awwal Bank 2023 SR
The report outlines SAB's progress in 2023 towards its ESG strategy, highlighting its commitment to achieving operational net zero by 2035 and financed emissions net zero by 2060. Key achievements include facilitating SAR 12.6 billion in sustainable finance and becoming the first bank in Saudi Arabia to join the UN Principles for Responsible Banking and the UN Global Compact. The bank also improved its ESG ratings with MSCI and Sustainalytics while advancing social initiatives like the Taqadam startup accelerator and the Riyali financial literacy program.
Company: Saudi Awwal Bank
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2023
Type: SR
Pages: 51
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Saudi Awwal Bank
ESG Report
The report outlines SAB's progress in 2023 towards its ESG strategy, highlighting its commitment to achieving operational net zero by 2035 and financed emissions net zero by 2060. Key achievements include facilitating SAR 12.6 billion in sustainable finance and becoming the first bank in Saudi Arabia to join the UN Principles for Responsible Banking and the UN Global Compact. The bank also improved its ESG ratings with MSCI and Sustainalytics while advancing social initiatives like the Taqadam startup accelerator and the Riyali financial literacy program.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
May 28, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees