Global Finance magazine, as part of its annual Excellence Awards, named Saudi British Bank the 'Best Bank for Sustainable Finance in Saudi Arabia' for the year 2022.
SABB is one of the leading banks in financial innovation, established in 1978 as a Saudi joint stock company. It is an associate company of the HSBC Group.
The award honors the best financial institutions globally.
SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure.
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This underlines the bank’s efforts and contributions to the Kingdom’s and the region’s overall sustainability and environmental, social, and institutional governance.
The awards program recognizes global and regional leadership in sustainable finance for initiatives designed to mitigate the negative impacts of climate change.
CEO of SABB, Yasser Al-Barrak, commented: “At SABB, we are proud of the significant progress we have made in the fields of sustainability and social responsibility.
“We look forward to making a more effective contribution to accomplishing sustainable development goals and building a promising future in line with the Kingdom’s Vision 2030.”
Sustainability and environment are at the core of SABB strategy for the next five years, continuing to introduce numerous sustainability programs while boosting awareness in the banking industry and society as a whole to become more environmentally conscious.