Bank Nizwa, Oman’s first and foremost Islamic financial institution, has been recognized at the Oman Sustainability Week Awards for its continuous efforts towards sustainability and was honored with a special award in the bronze category.
Held under the patronage of H.H. Sayyid Dr. Fahad Bin Al Julanda Al Said, Vice-Chancellor at Sultan Qaboos University, the Oman Sustainability Week Awards honor the efforts of national companies who had made significant contributions in areas of sustainability.
Bank Nizwa has led several unique initiatives to promote sustainable practices in the national community, to achieve economic growth with minimal impact on the environment. Mr. Khalid Al Barwani, DGM Wholesale Banking of Bank Nizwa received the award on behalf of the bank.
Expressing the delight in receiving the award, Mr. Al Barwani stated that, “This is a moment of great pride for Bank Nizwa. The OSW Awards is indeed an excellent platform to encourage organizations to move towards a green and circular economy. As an Islamic bank that places great emphasis on ethical practices, the concept of sustainability has always been deeply integrated with everything we do.”
“The sustainability Linked financing initiative recently launched by the bank is another testament to our commitment to contribute towards the country’s efforts to transition to Net Zero emissions and attain a sustainable future. The program will further incentivize companies to adopt sustainable practices in their operations. At Bank Nizwa, we are in strong alignment with Oman Vision 2040 which favors investments in socially responsible businesses. By pledging our commitment to sustainability practices, we have been able to support eco-conscious customers and investors and also contribute to community development projects,” Mr. Al Barwani added.
In recent years, Bank Nizwa has achieved significant growth with its efforts to promote an inclusive economic environment. Emphasizing the United Nations Sustainable Development Goals (SDGs) and Oman’s vision to be included in the top 20 countries in the Global Environmental Performance Index, the Bank has conceived innovative, sustainable, and Shariah-compliant financial solutions for the benefit of its customers.
With a strong portfolio of clients, Bank Nizwa has also played an instrumental role in helping companies from different sectors integrate environmental, social, and governance (ESG) criteria into their businesses.
The Oman Sustainability Award further strengthens Bank Nizwa’s position as a financial institution that promotes progressive and transparent practices, focusing on leading initiatives that have a sustainable and long-term impact on society.
The Bank has not only set new standards in the sustainability of the Islamic financial industry but has also demonstrated unwavering commitment in guiding companies to make more socially conscious investment decisions.
Oman Sustainability Week is a national platform hosted by the Oman Ministry of Energy and Minerals (MoEM) that focuses on sustainability in the areas of energy and water demands of the Sultanate in addition to the protection of the environment with clear alignment to the 2030 SDGs and 2040 Oman Vision.