Bahrain’s first locally-owned bank, National Bank of Bahrain (NBB) has joined the United Nations Global Compact initiative, the world’s largest corporate sustainability initiative.
The Bank intends to showcase its commitment towards conducting business practices rooted in universal principles that contribute to a more inclusive global market and help build prosperous and thriving societies.
According to the statement, “The UN Global Compact initiative calls for companies to align their strategies and operations with their Ten Principles regarding human rights, labor, environment, and anti-corruption, as well as taking action to advance societal goals.”
More than 14,000 companies and 4,000 non-business participants across the globe have already embraced the initiative’s commitments.
As part of its promise to advance its global sustainability impact through this initiative, NBB aims to assess, define, implement, measure, and communicate its current sustainability strategy with a focus on considering all of its stakeholders.
Commenting on the occasion, Mr. Jean-Christophe Durand, CEO of NBB, said that, “By partaking in the initiative, the bank is closer to achieving long-term success for our various stakeholders. We are committed to showcasing our values as a responsible bank by further establishing a culture of integrity through the necessary policies and strategies to become a more sustainable and responsible organization on a global scale.”
“Integrating the UN Global Impact and its Ten Principles into our core business operations is another milestone that will accelerate NBB’s contribution to the UNSDG. Our commitment to ESG considerations is motivated by our promise to implement sustainability practices in everything we do. We are committed towards contributing to the Kingdom’s Economic Vision 2030 and a future net-zero economy by 2060,” commented Ms. Dana Buheji, Group Chief Human Resources and Sustainability Officer at NBB.