Sustainability Summary

This is an unclaimed profile. Al Rajhi Bank has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

Al Rajhi Bank Sustainability Profile

Al Rajhi Bank is not currently tracking sustainability.

Sustainability Summary

This is an unclaimed profile. Al Rajhi Bank has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

Al Rajhi Bank has developed a comprehensive sustainability strategy reviewed in 2024, establishing quantitative and temporal ESG targets. The bank operates through an ESG Committee (Sustainable Finance Working Group) to lead sustainability efforts and mainstream ESG initiatives. The bank's approach is grounded in Shariah-led Islamic principles with social responsibility at its core, aligning with Saudi Vision 2030 objectives.

About Al Rajhi Bank

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Unverified

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Al Rajhi Bank Sustainability Actions

Integrated ESG into credit approval

The bank has identified and continued to integrate ESG risk into its overall credit approval process in order to finance projects.

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Reduced operational carbon emissions

Implemented energy-efficient systems including LED lighting, solar panels, and building management systems to reduce operational carbon emissions.

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Increased female representation

Advanced female participation in the economy, increasing female representation across the group to 34% in alignment with Saudi Vision 2030 objectives.

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Al Rajhi Bank Sustainability Commitments

2024

Launch sustainable fund

Set quantitative and temporal ESG targets including the launch of a sustainable fund.

2022

Sustainable Finance Framework

Developed and introduced Sustainable Finance Framework that acts as the basis of issuing sustainable sukuks, syndicated loans and sustainable financing products.