ReportAlert.info - The National Commercial Bank publishes 2010 Sustainability Report
The report outlines the Company's Sustainability policy, framework, performance & 2011 commitments with respect to its six stakeholder segments
(3BL Media / theCSRfeed) June 22, 2011 - The National Commercial Bank of Saudi Arabia (NCB), the biggest bank in Saudi Arabia and a leading Financial Institution in the Region, has announced the release of its 2010 Sustainability Report. The report is available on the company’s Website at http://www.reportalert.info/ra/profiles/NCB/2011/?ID=39200.
This report is NCB’s third annual GRI accredited Sustainability report.
The report outlines NCB’s Sustainability policy, framework, performance and 2011 commitments with respect to its six stakeholder segments – customers, society, employees, environment, shareholders and business partners.
The significant achievements in 2010 were focused around improvements in the bank’s environmental performance. This included the development of a comprehensive environment policy, devising a 5-year environmental plan and importantly the establishment of a dedicated environmental function within the Bank.
In addition, the report highlights relevant case-studies and practical examples of enhanced Sustainability practice across the NCB business such as corporate governance, enhanced employee behaviors and attitudes, capacity building in Saudi Arabia’s philanthropic sector and recycling.
The opening thought leadership article by NCB’s Chief Executive Officer, Abdulkareem Abu Alnasr, discusses NCB’s approach to sustainability reporting and calls on Saudi Arabia’s public and private sectors to publically communicate performance in this important area by issuing Sustainability Reports.
For comments and feedback on the report or to order your hard copy of the report, please contact sustainability@alahli.com
Background to NCB
More than half a century ago, NCB was established as Saudi Arabia’s first bank. It has since grown to become one of the Arab World’s largest financial institutions, with a presence in six countries, total assets of $75.3 billion, more than 2.6 million customers, and 9,225 employees across the group. For further information please visit http://www.alahli.com
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