GIB Issues its 2023 Sustainability Report
by: BTM - Fri, 02 Aug 2024
Gulf International Bank B.S.C. (GIB) published the Bank’s groupwide Sustainability Report demonstrating GIB’s commitment to sustainable growth and performance against Environmental, Social and Governance indicators.
The report provides an overview of GIB’s strategic approach to sustainability and the Bank’s direct activities and initiatives and discloses them in accordance with the Global Reporting Initiative (GRI) for the year ending 31 December, 2023.
It also sets out the values and principles that guide the Bank’s behaviours via a Group Sustainability Framework that ensure that sustainability is embedded in GIB’s approach and offerings. Furthermore, it outlines GIB’s Sustainable and Transition Finance Framework that was adopted in 2023 and sets out how GIB classifies and manages sustainable finance transactions.
Key factors reported include a 19 percent reduction in greenhouse emissions relative to the base year of 2020, a female representation of 31 percent in 2023 which is a significant increase when compared to 25 percent in 2018. In addition, the Bank operationalised the Board Sustainability and Climate Change Committee and joined the UN Women Empowerment Principles.
Tags #sustainable finance Bahrain #ESG indicators Bahrain #Bahrain sustainability finance #Gulf International Bank sustainability #GIB Sustainability Report 2023 #business #btm august 2024 #business news #bahrain business news #business in bahrain #Gulf International Bank
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