Friday 3 December 2021
 
»
 
»
Story

SABB, Green Horizons back Saudi Green Initiative

RIYADH, October 21, 2021

Saudi British Bank (SABB) has partnered with the Green Horizons Environmental Association to achieve the objectives of the Saudi Green Initiative, focused on protecting the environment, and developing and promoting environmental awareness.

Tony CRIPPS, Managing Director of SABB, and Dr. Maha Al-Dubaihi, Deputy Chairman of the Board of Directors of Green Horizons Environmental Association, signed the memorandum of understanding (MoU) at the Head Office of SABB in Riyadh.

The MoU is aimed at strengthening cooperation and coordination between the two parties to build a partnership that contributes to initiatives that combat desertification, develop natural vegetation cover, and raise community awareness about the importance of plantation as a natural wealth in the Kingdom that must be preserved, for the benefit of the people and environment.

This effort comes in line with the Kingdom’s Vision 2030 and the specifically the Saudi Green Initiative. According to the MoU, activities will commence by implementing a national park in Thadiq, Riyadh region, with the participation of SABB’s employees, as part of planting 10,000 trees.

Tony Cripps said: “I would like to take this opportunity to commend the Kingdom’s pioneering role towards addressing environmental issues such as climate change. We at SABB, under our new 2025 Strategy, are also working towards developing ESG initiatives that speak towards Vision 2030 environmental objectives.”

Dr Maha Al-Dubaihi said: "The synergies between the private sector and the non-profit sector to achieve the goals of the Saudi Green Initiative is of paramount importance and crystallizes the Kingdom's endeavours to address the phenomenon of climate change.”

She further applauded SABB’s contributions to increase the green area in the Kingdom and support various quality environmental initiatives. – TradeArabia News Service




Tags:

More Finance & Capital Market Stories

calendarCalendar of Events

Ads