Companies news
Alba hosts delegation of Bahrain Association of Banks to further ESG goals
Aluminium Bahrain (Alba) met with Bahrain Association of Banks (BAB).
Alba CEO Ali Al Baqali presented the Environmental, Social, and Governance (ESG) Roadmap’s 6 priority areas and initiatives - Decarbonisation, Green Energy & Aluminium, Circular Economy & Secondary Aluminium, Employee Welfare, Collaboration, Partnership and Transparency, Communications & Due Diligence.
“Alba, an ESG corporate activist, is charting its journey to meet Bahrain’s Net Zero Emissions by 2060,” Al Baqali said.
“We believe that small acts, when multiplied by millions of stakeholders, can have a bigger impact and together collectively is the only Right Choice to realize our nation’s objectives under the leadership of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, and we believe that Bahrain Banks Association will play an important role in Alba’s ESG journey.”
CEO of BAB Dr. Waheed Al Qassim said this visit is part of the association's commitment to providing an effective link between its members from financial and banking institutions and the various economic institutions.
“BAB appreciates the role played by Alba in contributing significantly to GDP and creating rewarding job opportunities for citizens, while also supporting the economy and development in the Kingdom of Bahrain,” he said.
“In terms of applying the best environmental and governance models, Bahrain's financial and banking institutions have several pioneering experiences that can be shared with Alba which include sustainable development, green finance, and other objectives that have been clearly defined in the Central Bank of Bahrain's Financial Services Sector Development Strategy 2022-2026."
The high-level meeting with Alba enhances the two sides' solid cooperation in ESG and other areas of joint cooperation, he added.
Alba will reach out to other stakeholder groups who would influence the sustainability of its operations after rolling out the ESG Roadmap to the Company’s employees and banks.
