BankDhofar has signed a strategic partnership agreement with Dhofar Municipality, strengthening its commitment to environmental sustainability and playing a key role in Oman Vision 2040.
The collaboration aims to reduce carbon emissions and promote green development, aligning with the nation’s long-term goals for a more sustainable future.
The agreement was signed on behalf of Dhofar Municipality by Dr. Ahmed bin Mohsin Al Ghassani, Chairman of the Municipality, and on behalf of BankDhofar by Ahmed bin Saeed Al Ibrahim, Chief Government Banking Officer.
Sustainability forms a core pillar of BankDhofar’s long-term strategy and corporate philosophy, alongside its role in supporting the economic and social development of the Sultanate. Through this partnership, the bank aims to further strengthen its collaborative efforts in promoting responsible environmental practices and sustainable growth.
BankDhofar continues to align its strategy with Oman Vision 2040 and the United Nations Sustainable Development Goals by fostering innovation, expanding green financing initiatives, empowering local communities, and upholding strong governance standards. The bank views sustainability not merely as a compliance requirement, but as a driver of long-term value creation.
As part of its environmental agenda, BankDhofar is implementing initiatives to improve resource efficiency across its operations. These include recycling and waste-sorting programs within its buildings, measures to reduce its carbon footprint, and enhanced energy-efficiency practices. The bank is also advancing efforts to support the circular economy while promoting a culture of environmental responsibility across its workforce.
Beyond internal operations, BankDhofar is expanding its support for environmentally focused projects through green financing solutions that promote energy efficiency, water conservation, and waste reduction.
This partnership with Dhofar Municipality further strengthens BankDhofar’s role as an active contributor to Oman’s transition toward a low-carbon economy. By integrating sustainability into its strategy and operations, the bank continues to position itself at the forefront of responsible banking, aligned with national aspirations and global environmental trends.
