August 8, 2022

The Islamic Financial institution of Bahrain (BisB) has introduced the completion of the set up of photo voltaic photovoltaic panels to generate electrical energy on the financial institution’s monetary complexes situated in Hamad City and Arad. That is according to the Bahrain Nationwide Financial institution Group’s photo voltaic power initiative, which can assist scale back the general carbon footprint, along with the financial institution’s ongoing dedication to environmental, social and company governance (ESG) practices. .

This initiative will scale back the carbon footprint of the 2 monetary complexes by 77.9% per yr within the Arad department and by 66.3% within the metropolis of Hamad. This initiative additionally confirms BisB’s ongoing efforts and dedication to discovering quite a lot of environmentally pleasant options and insurance policies, in addition to environmental initiatives that in flip assist scale back the financial institution’s carbon footprint, reminiscent of launching digital purposes.

On this event, Hassan Jarrar, CEO of BisB, mentioned: “We’re happy to have accomplished the primary photo voltaic power initiatives represented by the set up of photo voltaic photovoltaic panels to generate electrical energy within the monetary complexes situated within the cities of Hamad and Arad. which is a part of a sustainable growth technique designed for years, for 3 years. As a part of BisB’s ambition to turn into a significant and influential aspect by 2023, we proceed to launch many inexperienced initiatives and digital improvements that scale back carbon emissions and look ahead to increasing this initiative to incorporate all of our branches and monetary complexes sooner or later.”

Haytham Siyadi, Head of Possession, Procurement and Administration at NBB Group, mentioned: “The completion of the set up of photo voltaic photovoltaic panels on the BisB monetary complexes in Hamad and Arad confirms our tireless efforts to extend our contribution to the method of optimistic and sustainable change by means of the adoption of environmental initiatives. and dedication to environmental, social and company governance practices, guaranteeing that they’re on the core of our banking and finance enterprise. There is no such thing as a doubt that social duty is a giant a part of the NBB Group’s sustainability technique. Accordingly, we try to be a task mannequin within the area of sustainability and social duty.”

BisB continues to enhance its environmental, social and company governance (ESG) procedures, whereas guaranteeing that obligatory inner insurance policies are up to date to boost consciousness of sustainable growth practices, whereas highlighting the Financial institution’s efforts to seek out environmentally sound options and insurance policies that, in flip, contribute to discount of carbon emissions.

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