Manama: NBB and BisB Chairmen, Board Members, Executives and Employees engaged in a virtual ESG and Sustainability awareness session, led by Dr. Bernard Duffy an expert in Global Wealth Management, Fund Management and the Institutional Pension sectors.
Dr. Duffy shared knowledge about the growing importance of Environmental, Social and Governance (ESG) considerations within the financial services sector, and how ESG is impacting the decision-making process of potential investors, stakeholders and the communities in which banks operate.
This 90-minute session which was attended by 370 individuals from across the NBB Group focused on how an organisation can be both socially responsible and engage in impactful investing. Dr. Duffy outlined and provided examples of the different types of ESG reporting banks should be considering and he explained how institutional investors and banks are increasingly considering sustainability issues when making investments and undertaking loans.
The session went on to provide participants with information on how corporate boards and executives are also acknowledging the need to re-define value beyond the traditional interests of shareholders, and shift towards embracing a broader fiduciary approach to creating value by considering a wider range of stakeholders, from consumers and employees to communities, the broader society, and the environment.
“NBB Group is committed to improving transparency and disclosures in the capital markets of Bahrain and supporting sustainable economic growth for the Kingdom, we believe that providing effective ESG information and reporting will support investors to make informed investment decisions in the future and show the commitment of the National Bank to these global objectives,” Dana Buheji, the Group Chief Human Resources and Sustainability Officer, said.
