PHOTO
Manama, Bahrain: As a core component of its 3-year sustainability roadmap, the National Bank of Bahrain (NBB) is exploring ways of introducing ESG Risk Assessment into its business proposals, as the Bank moves forward with integrating ESG considerations within its core business.
This step further emphasises the Bank’s commitment towards adhering to ESG considerations across the organisation and driving the Bank’s strategy to achieve sustainability. And as a part of its initial steps, NBB has signed a partnership with Sustainability Excellence, a recognised leader in sustainability advisory services, to benefit from its expertise in this field.
Commenting on the integration, Isa Hasan Maseeh, Group Chief Risk Officer at NBB Group, stated: “The integration of ESG and sustainability practices into the Bank’s risk framework embodies the essence of NBB’s business model, as it takes steps to implement ESG considerations within lending and investment proposals.”
Ali Ehsan, Chief Credit Officer at NBB, added: “As ESG continues to grow in significance in our industry, this partnership is a key step in augmenting our credit risk management framework at NBB. Our investment in ESG strategy will help us scale our credit activities across the Bank, ultimately furthering our ambition to be a sustainability leader bank in Bahrain and the region.”
On his end, Darin Rovere, Founder and CEO of Sustainability Excellence, said: “More than most companies - and faster than most companies - NBB has taken a proactive approach to adopting sustainability in the ways that matter most to a bank. In particular, this now means integrating sustainability factors, such as positive social, environmental, and socio-economic impacts – into lending and investment decision-making. This reduces lending risk, positions the Bank for outperformance in the fastest growing sectors, and improves positive impacts for society. Sustainability Excellence is pleased to expand our collaboration with NBB to support all aspects of these sustainable finance efforts.”
Over the course of this year, NBB has undertaken multiple ESG initiatives as part of its sustainability roadmap, such as extending sustainability responsibilities across Board Committee level, establishment of a sustainability committee, led by NBB’s Group Chief of Human Resources and Sustainability, which functions as an enabler of various ESG related initiatives by working with the various functions of the Bank.
-Ends-
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
