MUSCAT : Alizz Islamic Bank released its first Sustainability Report for the year 2023, reflecting its unyielding dedication to integrating Environmental, Social, and Governance (ESG) principles into the bank’s overall strategy.

Guided by the principles of integrity and passion for making a positive impact in Oman; the banks first sustainability report showcases its forward-thinking approach aimed at addressing risks and opportunities while creating long-term value for stakeholders and fostering a positive impact across the Omani community.

Aligned with international & regional standards and best practices, the report underscores the Bank’s significant role in advancing national initiatives, particularly Oman Vision 2040 and global frameworks such as the United Nations Sustainable Development Goals (SDGs). The bank’s ESG vision and mission is centred on building a sustainable future through responsible banking practices. It aspirse to lead the industry by offering innovative solutions that promote robust governance, social well-being, and environmental sustainability ensuring efforts benefiting both customers and the broader community.

Speaking about the issuance of the bank’s first sustainability report Mr. Ali Al Mani, CEO of Alizz Islamic Bank said “At Alizz Islamic Bank we believe in embedding sustainability in everything we do and are dedicated to providing a sustainable legacy to build a future for the next generation. Our continued commitment is a testament to our vision and the meticulous execution of our long-term strategy, which is closely aligned with vision 2040 and Oman’s socio-economic aspirations. The publication of this report demonstrates that Environement, Social, and Governance responsibility is a core responsibility at Alizz Islamic Bank”

Alizz Islamic Bank’s ESG efforts are integrated into the day-to-day banking practices, supporting social and governance aspects, and aiming to address environmental challenges. Its focus includes financing ESG-compliant projects, promoting green financing, and investing in technology to reduce the environmental impact. The bank is also dedicated to developing comprehensive Human Capital policies, promoting gender equality, and fostering continuous performance improvement. Alizz Islamic Bank strives to raise awareness and engagement around sustainability, leverage its position as an Islamic bank, and further expand on green financing.