Saudi EXIM Bank has released its 2023 sustainability report, highlighting the bank's strategy in promoting sustainable investment and establishing sustainability standards. This will build a more sustainable future and achieve economic development objectives, both within the Kingdom and around the world.
This underscores the bank's role in contributing to the Kingdom's sustainable economic growth, and its responsibility to empower the non-oil economy, and foster global trade relations. The bank works on implementing Environmental, Social, and Governance (ESG) practices based on key pillars that include sustainability, environmental considerations, social initiatives, and responsible institutional practices.
Through this approach, the bank aims to achieve financial sustainability and maximize the economic impact of its activities in empowering non-oil Saudi exports. This contributes to income diversification and sustainable growth. The bank also seeks to raise awareness of the importance of responsibility and ethical practices in business and encourage sustainable investment in collaboration with its partners.
The bank is aligning itself with global sustainability trends by identifying and prioritizing its ESG practices, while considering national commitments, international standards, and best market practices. These efforts encompass areas such as sustainability, climate change, net-zero initiatives, data security, risk management, transparency, and human capital development.
