The National Bank Issues Its Third Annual Sustainability Report

SadaNews - The National Bank announced the launch of its third annual sustainability report, which covers the bank's performance in 2024 in the areas of environment, society, and governance (ESG), in line with the Global Reporting Initiative (GRI) standards and the United Nations Sustainable Development Goals (SDGs).

The report reflects the evolving commitment of the National Bank to its responsibilities towards society, the environment, and the economy by adopting sustainable practices that integrate good governance concepts into its management and operational processes, as well as enhancing innovation, digitization, and responsible green financing. The report also addresses the initiatives undertaken by the bank in the fields of digital transformation, financial inclusion, support for small and medium-sized enterprises, and empowering women economically.
The report highlights new positive indicators that the bank was able to achieve in 2024, including a reduction in greenhouse gas emissions by over 10% compared to 2023, generating 1.8 million kilowatt-hours of solar energy through the Noor Jericho solar power plant, a 16.25% growth in the green financing portfolio, and the achievement of social contributions amounting to 52% of its net profits, as well as enhancing women's participation in leadership positions.

Commenting on the release of the report, the Director of Public Relations at the National Bank, Reem Anani, expressed her pride in the bank being one of the first Palestinian banking institutions to adopt the foundations of environmental, social, and governance sustainability and integrate them within its operations. She emphasized that this approach enhances institutional performance effectiveness, establishes solid and sustainable business and operational processes, and strengthens the bank's relationship with the community by actively responding to its needs, alongside reinforcing the principles of good governance. She added that the bank will continue to enhance its pioneering role in applying banking sustainability standards, expand its community programs, and invest in green technology to reduce its environmental footprint and achieve responsible and inclusive economic development.