jordan
Egypt
Tunisia
Sudan
Bahrain
Turkey
South Africa
Algeria
Lebanon
Syria
Pakistan
Libya
Iraq
Date : Jul 9, 2024
Jordan Islamic Bank issued its annual environmental, social and governance sustainability report 2023 for the second year consecutively in accordance with the standards of the Global Reporting Initiative (GRI), to include comprehensive information about the bank’s work, activities and practices that enhance the principle of sustainability through its principles and values derived from the provisions and principles of Islamic Sharia, which serve the interests of stakeholders and achieving their needs with a focus on the core issues and implemented activities related to sustainability within the Hashemite Kingdom of Jordan, where the bank has been issuing a report on social responsibility and sustainability since 2012 in accordance with its principles and mission and in implementation of its Memorandum and articles of Association, and its duty towards society.
Dr. Hussein Said, CEO of Jordan Islamic Bank, said, “by issuing our bank’s sustainability report, we seek to create real sustainable value to help stakeholders, including investors, evaluate the current and future expectations of our bank in a logical manner, and with a deep understanding of all the factors affecting our ability to create sustainable value for the benefit of stakeholders, as well as the ability to continuously adapt to emerging trends and successive developments, as our bank has paid great attention to the risks of pollution and its negative impacts on the environment and society through its contributions together with local and international institutions to mitigate negative impacts consequences of not giving the subject the required attention.”
He pointed out that the bank seeks to enhance employee performance, provide new technological solutions, and follow global practices in risk management by adopting basic values to provide the best innovative solutions, and continuing to engage employees to achieve excellence in customer service and society, and bear responsibility in facing challenges and facilitating procedures and banking transactions and providing solutions that are simple, efficient and transparent to a wide base of customers, while continuing to develop the information technology infrastructure, supporting innovation, benefiting from the latest technologies, continuing to employ modern financial technologies, and improving the infrastructure for electronic payments in order to enhance customer experience and accelerating the business development process and supporting operational efficiencies, as part of the continuous pursuit of achieving sustainable value for all stakeholders in the long term.
He stated that all the information contained in the report is accurate and represents the best data available to the bank and its stakeholders and shows transparency in performance on economic, social and environmental issues in a balanced manner with the possibility of comparability in the data for the year 2023 and previous years. The report also explains the development of social responsibility and sustainability in the bank, the strategic objectives and the future plan for the year 2024. and the Charter of Professional Conduct and Risk Management to provide a safe business environment, in addition to transparency and trust, development and modernization processes in the field of banking technologies (digital transformation), geographical spread, and satisfaction of customers and stakeholders, in accordance with the Sustainable Development Goals (SDGs) and the United Nations Sustainable Development Plan for the year 2030, with seventeen goals and 169 goals in areas that are important to human and environmental sustainability and are compatible with the social responsibility and sustainability programs implemented by the Bank.
The report also included fundamental topics related to the bank’s economic performance, indirect economic impacts, sustainable purchasing practices, compliance with regulatory and legal requirements, energy and environmental compliance, employment, occupational safety and health, education and training, social impact, local communities, sponsorship of conferences and seminars, affairs of the Holy Qur’an, culture, arts, literature, heritage, health, and support people with disabilities, the less fortunate and poor groups, interacting with the local community and its development, providing housing, information technology governance and security, and customer privacy.
The report contains appendices prepared in accordance with the standards of the Global Reporting Initiative (GRI) and the principles of preparing the report in terms of accuracy, balance, clarity, etc., to ensure that the index conforms to its standards and is based on the reference of the GRI contents for preparing the report, its disclosures, and the location of information and essential topics in particular.
Jordan Islamic Bank’s sustainability report for the year 2023 can be viewed through the bank’s website
https://www.Jordanislamicbank.com
https://www.Jordanislamicbank.com