Bahrain – The National Bank of Bahrain (NBB) is leading the banking industry in environmental conservation in the kingdom by playing an active role in reducing its carbon footprint.
NBB recorded a 15.8% reduction in diesel consumption and an 8% decrease in electricity consumption at its headquarters. The bank also recorded a 7.9% reduction in CO2 emissions from electricity and diesel consumption at the BNB headquarters, compared to 2020. As part of its efforts to become a paperless organization, the BNB recycled 24% of the paper consumed throughout the year.
Honoring its commitment to integrating sustainability into its business operations, the bank continues to implement sustainability practices as part of its 3-year sustainability roadmap.
The BNB’s strategy focuses on integrating the environmental, social and corporate governance (ESG) framework into all the bank’s operations. Thanks to its guiding principles, the roadmap has enabled the bank to achieve several key milestones, particularly in terms of preserving the environment, reducing the consumption of harmful waste and successfully reducing its CO2 emissions by 2021.
NBB has launched several initiatives in 2021 to instill a culture of environmental conservation across its community. The bank has introduced a solar panel finance solution for customers who wish to install solar power panels in their homes, and in an effort to incorporate environmentally friendly practices into its products and services, the bank has also introduces auto loan financing with exclusive rates for customers looking to purchase hybrid or electric vehicles.
The bank has also extended its support to the kingdom’s first eco-friendly hospital, the new King Hamad American Mission Hospital, by financing the construction and installation of solar panels at the hospital.
Honoring its commitment to ESG integration, BNB was the first bank in the kingdom to successfully obtain ISO 14001:2015 Environmental Management Systems (EMS) certification which aims to help organizations reduce their environmental impact.
In addition, the bank extended its support for the Ministry of Public Works, Municipal Affairs and Town Planning’s latest food sustainability project as part of its sustainability journey to responsible banking.
The NBB will fund the project process to design, build, operate and hand over a hydroponic farm, which aims to reduce water consumption for plants, thereby minimizing the country’s carbon footprint.
Commenting on the bank’s sustainability trajectory, Jean-Christophe Durand, Managing Director of BNB, said: “BNB is proud of its role in promoting and implementing sustainability preservation strategies and initiatives. environment. We believe in our continuous efforts, working daily to reduce waste and the carbon footprint of the organization, and strive to instill the principle of less is more in the sector and in the kingdom.
The NBB is committed to being a national catalyst, supporting the kingdom’s guidelines and playing its part in realizing Prince Salman bin Hamad Al Khalifa’s declaration at COP26 to reduce all kingdom emissions by 30% here 2035.”
Dana Buheji, Group Human Resources and Sustainability Director at NBB, added, “NBB continues to realize its sustainability roadmap through various organizational initiatives, which aim to guide the community towards the adoption of a principle based on a sustainable lifestyle.
Green Up Project
“Over the past year, we have undertaken partnerships to promote change within the community. Our partnership with CleanUp Bahrain has enabled us to organize our largest Group-led volunteering event as well as fund the Green Up project; a nationwide initiative to plant 810 trees along the December 16 Highway. The bank has significantly improved its environmental performance over the past year.
The BNB is resolutely committed to integrating ESG and sustainable development practices within its organization. Aligning its initiatives with those of the UNSDG, the BNB is currently committed to a resilient sustainability approach, allowing the bank to lead the way towards a net zero economy.
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