• 31% female representation in 2023, up from 25% in 2018
  • Operationalised the Board Sustainability and Climate Change Committee
  • Joined the UN Women Empowerment Principles

Manama – Gulf International Bank B.S.C. (GIB) published the Bank’s groupwide Sustainability Report demonstrating GIB’s commitment to sustainable growth and performance against Environmental, Social and Governance indicators. 

The report provides an overview of GIB’s strategic approach to sustainability and the Bank’s direct activities and initiatives and discloses them in accordance with the Global Reporting Initiative (GRI) for the year ending 31 December 2023.

It also sets out the values and principles that guide the Bank’s behaviours via a Group Sustainability Framework that ensure that sustainability is embedded in GIB’s approach and offerings. Further, it outlines GIB’s Sustainable and Transition Finance Framework that was adopted in 2023 and sets out how GIB classifies and manages sustainable finance transactions. These include general purpose financing (such as eligible activity / sustainable business and sustainability-linked loans) and use of proceeds financing (such as transition, social, green and blue financing). 

To read the report please visit here.

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About Gulf International Bank B.S.C. (GIB)

GIB is a pan GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB’s services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia, GIB Capital and GIB (UK) Ltd. Additionally, the Bank has branches in the UAE, Oman, London and New York. GIB is owned by the governments of the Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the principal shareholder.

For further information please contact: 
Zahraa Taher
Managing Director
FinMark Communications
Email: info@finmarkcoms.com