Arab Bank Launches its Eighth Sustainability Report
05 Jul, 2018
Arab Bank has launched its eighth sustainability report, titled “Responding to Sustainability Challenges”. The Bank’s 2017 Sustainability Report provides information on the Bank’s social, environmental and economic achievements and commitments during 2017.
The report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, which was launched in 2016 and is considered to be the first international standards for sustainability reports, reflecting the highest levels of transparency and disclosure.
The report launch comes as part of the Bank’s ongoing commitment towards integrating sustainability into its daily operations, in a strategic manner that dovetails with the Bank’s constant efforts to support sustainable social, economic and environmental development. With the launch of its eighth Sustainability Report, Arab Bank, once again, reiterates its leadership in sustainability development in the banking sector locally and regionally, as it is one of the few banks in the region to continuously report on sustainability based on international standards since 2010.
This report features the Bank’s achievements across its five main sustainability strategic focus areas; responsible financing, employees’ empowerment, transparent reporting, system optimization, and community cooperation. 2017 marked a year of major progress in realizing Arab Bank’s sustainability goals on the economic, social and environmental fronts.
On the environmental front, the Bank continued its efforts to reduce the environmental impact of its operations. The Bank also helped its customers to reduce their environmental footprint by offering them paperless banking solutions through digitalization. This is in addition to the active role the Bank plays in financing environmentally-friendly infrastructure projects aimed at supporting environment conservation and expanding clean energy usage across Jordan.
On the social side, the year 2017 achieved record growth across the main indicators of the Bank’s employees volunteering program. This is manifested through the substantial increase in the number of volunteering hours, which has seen a 29% growth while volunteers’ participations have increased by 28% compared to previous year.
Arab Bank’s 2017 Sustainability Report can be downloaded from Arab Bank’s website at http://www.arabbank.com/mainmenu/home/sustainability/sustainibility-reports