Our Areas of Focus - anb
The Bank’s five strategic areas of focus for its social responsibility include: society, education, economy, the environment and the empowerment of youth and women. The Bank has adopted these areas of focus for a number of reasons: first, they are central to the goals of Saudi Vision 2030, and second, they align with 14 of the 17 Sustainable Development Goals as set out by the United Nations.
1. Society
arab national bank has launched various initiatives that provide aid to numerous groups in our society for a variety of reasons and causes, including: health, sports and exercise, charitable donations and housing, volunteer work and donation drives, and anti-poverty campaigns.
Through these initiatives, the Bank seeks to improve the lives of specific communities and groups. They also underline our support for government-led societal campaigns that strive to improve the quality of life for the public and which aim to create a brighter future for all members of our society.
2. Education
Education is fundamental to human progress and the development of any society. Education is a primary area of focus for the Bank’s social responsibility strategy, and our work focuses on improving the quality and reach of the education available for specific groups in select subjects.
The Bank has pioneered various educational initiatives, all of which aim to make learning fun, innovative and impactful for different age groups. These initiatives include support for science and innovation-focused educational academies, the establishment of computer labs and classrooms for English-language teaching, the roll-out of learning programs to train up the next generation of business leaders, and programs that support financial awareness and encourage a culture of saving. Last but not least, we have a portfolio of internal training programs that are designed to encourage our employees to take up continuous learning and further our aspirations to be a leader in performance, productivity and workplace culture.
3. The Economy
Economic development is a cornerstone of Saudi Vision 2030, the national strategy which sets out a framework for investing in and unleashing strengths and capabilities of the Kingdom and its people. The goal is to support localization and improve enterprise, create jobs for society, and transform local communities through economic development.
To support Saudi Vision 2030’s economic goals, the Bank has formed several partnerships with governmental bodies to empower micro-, small- and medium-sized enterprises; has financed various strategic transformation projects; and has provided funding for Saudi-based corporations and entrepreneurs.
4. The Environment
Thanks to Saudi Vision 2030 and an approach to sustainable development that balances economic growth and preservation of the environment, our Kingdom’s society is enjoying a transformation in its quality of life. The country is creating more green spaces in its cities and is looking to realize the value of its natural environment sustainably. The Kingdom is taking a leading position on pushing for the collective action needed to address our energy and climate challenges through reducing carbon emissions, optimizing water usage, encouraging recycling and promoting environmentally friendly building standards.
As part of its own efforts to protect the planet both for this and future generations, the bank is supporting national environmental programs through several environmentally-focused initiatives. These include the Saudi Green Initiative’s forestation project and a drive to reduce paper usage. The Bank is taking a lead through its own operations, by reducing waste, recycling mosque water, and expanding green spaces in the Bank’s branches and buildings. In addition, the Bank has worked to reduce its own ecological footprint by installing systems and technologies that minimize energy consumption. The Bank is also providing green financing for environmental projects through the provision of exclusive financial incentives and offers.
The Bank's employees have supported our environmental activities and programs, especially our tree planting initiatives.
5. Empowering Youth and Women
Statistics show that young people make up the majority of the Saudi public, and women represent half of the population. Empowering young people and providing them with opportunities is central to Saudi Vision 2030; they are facilitators of the change, progress and transformation that the country needs for its sustainable development.
In line with this national approach, anb supports various programs that seek to encourage and inspire the Kingdom’s youth and women to realize their potential for the betterment of the country’s economy, environment, and society.
The Bank has helped design training and development programs to upskill Saudi youths and it also offers young talent attractive employment opportunities. The Bank has increased the percentage of female employees in its workforce and has fast tracked female talents for leadership roles. Last but not least, the Bank backs projects that assist women who financially support their families to raise their income for a better quality of life.