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The BNB is on the right track with its environmental conservation plan | THE DAILY TRIBUNE

TDT | manama

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain (NBB) said it is delivering on its commitment to mainstream sustainability into its business operations as part of its 3-year sustainability roadmap. The strategy, the BNB said, focuses on integrating the environmental, social and corporate governance (ESG) framework into all the Bank’s operations. Through its guiding principles, the roadmap has enabled the bank to achieve several key milestones, namely preserving the environment, reducing the consumption of harmful waste and successfully reducing its CO2 emissions in 2021. BNB said it achieved a 15.8% reduction in diesel consumption and an 8% decrease in electricity consumption within its head office.

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. NBB has launched several initiatives in 2021 to instill a culture of environmental conservation across its community. The Bank has set up a solar panel financing solution for customers wishing to install solar panels in their homes and has set up car loan financing with exclusive rates for customers wishing 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, the BNB said it 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 to the Ministry of Public Works, Municipal Affairs and Town Planning’s latest food sustainability project as part of its sustainability journey towards 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 ongoing sustainability trajectory, Jean-Christophe Durand, Managing Director of the BNB, said: “The BNB is committed to being a national facilitator, supporting the directives of the Kingdom and playing our part in the realization of the declaration of HRH Prince Salman bin Hamad Al Khalifa. at COP26 to reduce all emissions in the Kingdom by 30% by 2035.” Dana Buheji, Group Chief Human Resources & Sustainability Officer at NBB, added, “NBB continues to deliver on its sustainability roadmap to through various organizational initiatives, which aim to guide the community towards the adoption of a principle based on a sustainable way of life.

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.