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BisB Installs Solar Energy Panels at its Arad and Hamad Town Financial Malls

August 2, 2022
oil and gas

Bahrain Islamic Bank (BisB) announced the completion of the installation of solar energy panels, which were fitted to generate a sustainable source of energy for its financial malls located in Arad and Hamad Town. The project comes in line with National Bank of Bahrain (NBB) Group’s initiative to utilize solar energy in order to reduce its overall carbon footprint, and BisB’s ongoing commitment towards integrating Environmental, Social and Governance (ESG) practices within its operations.

Projected to reduce BisB’s annual carbon footprint by 77.9% in the Arad financial mall and by 66.3% in the Hamad Town financial mall correspondingly, the solar panel project is the latest addition to the Bank’s ongoing efforts to explore environmentally friendly solutions and green initiatives that further contribute to the reduction of the Bank’s carbon footprint, in the likes of launching digital applications.

Commenting on the occasion, Mr. Hassan Jarrar, Chief Executive Officer of BisB, said, “We are pleased to announce the successful installation of solar panels at our financial malls in Arad and Hamad Town, which comes as part of our three-year sustainability roadmap strategy, which aims to position BisB as a purpose-led and impact-driven player by 2023. We look forward to expanding this initiative to include more financial malls and branches in the future, as we continue to launch ESG initiatives and digital innovations that will work towards decreasing the Bank’s carbon footprint.”

On his part, Mr. Haitham Seyadi, Group Head of Property, Procurement, and Administration at the NBB Group, said, “The successful implementation of the solar energy panels at BisB’s financial malls reiterates our efforts towards encouraging positive and sustainable change across the industry, placing ESG practices at the core of our business and further cementing our position as a responsible national powerhouse in the Kingdom”

As part of BisB’s ethos of sustainability, the Bank continues to enhance its ESG framework by launching several environmental and social awareness initiatives throughout the year. This comes alongside the integration of key internal policies in order to encourage the adoption of increased sustainable practices from within.