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ATM & BranchesSAB joins United Nations Global Compact as part of its sustainability efforts
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June 2023
- UNGC is a call to companies everywhere to align their operations and strategies with ten universally accepted principles.
- Ten Principles include human rights, labor, environment, anti-corruption, and taking part in societal objectives.
Riyadh, Saudi Arabia, June 19, 2023 – SAB announced that it has joined the United Nations Global Compact (UNGC) initiative — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
UNGC is a major global initiative that runs towards more sustainable production and collective responsibility and is considered the largest corporate sustainability initiative globally.
Tony Cripps, Managing Director & CEO at SAB , said: “We are proud to join thousands of other companies globally, to commit and take part in responsible business practices, and play a vital role in the ten principles that UNGC advocates to create a better future for all of us.”
The Ten Principles of the UNGC initiative include human rights, labor, environment, and anti-corruption as well as taking action to advance societal objectives. SAB will play a significant role in implementing the Ten Principles and leverage UNGC’s strategy to support the UN global border sustainable development goals (SDGs).
SAB has made ESG a primary focus of its operations and is actively progressing towards a more sustainable and holistic approach to banking by leveraging its capabilities and ESG strategy.
The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles and to act and support UN goals and issues embodied in the Sustainable Development Goals.
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Saudi Awwal Bank, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, with paid in capital of SAR 20,547,945,220, commercial registration certificate 1010025779, unified number 7000018668, P.O. Box 9084 Riyadh 11413, Kingdom of Saudi Arabia, Tel. +966 11 4050677, www.sab.com, licensed pursuant to theCouncil of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank.