NBB establishes new sustainability panel

MANAMA: The National Bank of Bahrain (NBB) has established a new committee to monitor, manage and address issues linked to sustainability and responsible banking.

The formation of the committee follows the bank’s adoption of environmental, social and governance (ESG) considerations on a board level and the appointment of the nomination, remuneration, governance and sustainability (NRGS) committee to oversee sustainability integration within the business and operations.

In keeping with NBB’s commitment to diversity, the committee is composed equally of both genders, while also being split equally in terms of member representations from both business and support internal backgrounds.

Led by Dana Buheji, the group chief human resources and sustainability officer, the committee includes Abdulrahim A. Hameed, senior associate debt capital markets and syndications from the corporate and institutional investment banking function; Ali Faqihi, assistant relationship manager from the corporate and institutional investment banking function; Deena Kowhari, team leader for business credit review commercial and SMEs; Nada Ishaq, retail marketing manager in the retail banking division; Reem Aldoseri, group head of property, procurement and administration; and Salman Radhi, information security risk analyst from the risk management function.

All have 13 years of average working experience, and will enable the committee to diversify the bank’s activities.

Ms Buheji said: “We’ve carefully selected the most suitable candidates from diverse backgrounds to create and spearhead the sustainability committee, ensuring that activities across different areas of the bank are being carried forward as per our sustainability objective of stakeholder inclusivity. Our progress remains powered by our stakeholders and fuelled by our shared passion for business and social success.”

After issuing the 2020 Annual Financial and Sustainability report, a first for the bank and Bahrain, NBB announced it has completed various internal and external activities as part of the ongoing ESG strategy.

These include sessions that provided training to 95 per cent of employees on topics that covered the importance of ESG in banking, diversity and inclusion and corporate governance.

The bank has also reported a year-on-year water and energy consumption reduction.

The recent changes within the bank work to align NBB’s sustainability strategy and roadmap with its goal of becoming an influential market leader and pioneer within the sustainability field in the financial industry.

 

Source: https://www.gdnonline.com/Details/948052/NBB-establishes-new-sustainability-panel

 

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