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Date : Jul 3, 2025
Jordan Islamic Bank announced the release of its third annual Environmental, Social and Governance Sustainability Report for 2024, in accordance with the Global Reporting Initiative (GRI) standards. The report includes the bank's most important achievements and activities that consolidate the core values related to sustainability and are of interest to the bank and its stakeholders. It covers all sustainability activities implemented in Jordan and is consistent with the economic modernization vision and national initiatives launched by the Central Bank of Jordan, especially in the field of financial inclusion, green financing, digital payments, financing and support programs for the small and medium enterprises sector, in parallel with the launch of the bank's strategy for the next five years. (2025-2029)
Dr. Hussein Said, CEO of Jordan Islamic Bank, expressed his pride in the bank's sustainability achievements during 2024, noting that the bank is working diligently to integrate sustainability principles into all operations, starting with rationalizing resource use, supporting environmental innovation, promoting a culture of social responsibility, instilling sustainability values in all aspects of work, adopting more sustainable practices that enhance the bank's social responsibility towards the local community, and a deep understanding of the growing risks and challenges associated with the transition to a sustainable and low-carbon economy.
Dr. Hussein Said pointed out that the bank's sustainable financing strategy is not limited to achieving financial returns alone, but extends to integrating these standards into the core of financing activities, thus achieving a tangible positive impact on society and the environment, while reducing environmental and social risks by directing financing towards companies and projects that effectively contribute to achieving sustainable development goals. This is in addition to ensuring support for small and medium enterprises and the less fortunate in accessing financial services, thus enhancing the bank's role in achieving financial inclusion and contributing to building a green and inclusive economy that aligns with national visions and global trends towards sustainable and equitable development.
Regarding green services and products, Dr. Hussein Said, said, "The bank's continued commitment to achieving environmental sustainability, in line with its vision and mission, is achieved by adopting a smart and sustainable operational approach. Many operational processes have been automated, aiming to reduce reliance on paper and limit carbon emissions. This comes as part of a strategic direction to enhance operational efficiency. Furthermore, we are developing and fully activating electronic channels to serve our customers, enabling them to conduct their transactions with ease and convenience, with the highest levels of quality, speed, and flexibility."
The report highlighted the development of social responsibility and sustainability in the bank since its establishment, and the issuance of the first social responsibility and sustainability report since 2012, in accordance with its principles and mission, and in implementation of its articles of association, Memorandum, and its duty towards society, while adhering to the provisions of the bank’s governance guideline. It also explained the strategic objectives of social responsibility and sustainability and its future plan for the year 2025. It reviewed key topics related to the bank’s economic performance, indirect economic impacts, sustainable procurement practices, compliance with regulatory and legal requirements, energy and environmental compliance, and other related topics.