https://arab.news/gcdg5
At Saudi Awwal Bank, sustainability is not just a commitment; it is a responsibility. The bank’s ethos is built on the firm foundations of smart and sustainable banking and ESG is central to its success. The bank’s efforts are profoundly aligned with the Kingdom’s visionary goals for a greener, more eco-conscious future. The Leadership in Energy and Environmental Design, or LEED, and SmartScore Gold and Platinum certifications that SAB has earned for its headquarters underscore the dedication to creating environmentally responsible and resource-efficient structures.
LEED certification is a globally recognized rating system for sustainable building design and construction, and achieving the gold status signifies a commitment to excellence in sustainable building practices. As for SmartScore, it is from the global accreditation body WiredScore, which recognizes best-in-class smart buildings that provide engaging work environments, drive cost efficiency and ensure high sustainability standards.
SAB’s LEED and SmartScore certifications are not just a badge of honor; they are a testament to the bank’s unwavering commitment to sustainability. These certifications have far-reaching benefits, not only for SAB but for the environment, economy, and society at large.
The statistics surrounding SAB’s new headquarters are nothing short of impressive, showcasing the tangible impact the bank’s commitment to sustainability has had:
- A remarkable 28.47 percent reduction in energy consumption compared to conventional baseline buildings, contributing to lower carbon emissions and reduced operational costs.
- 73.62 percent of construction waste was recycled, diverting metal, wood, concrete, paper, and plastic waste from landfills to recycling centers, reducing environmental impact.
- 36.74 percent of construction materials were composed of recycled content, further reducing the need for new resource extraction.
- The new building boasts 30 percent higher outdoor air flow compared to code recommendations, ensuring enhanced indoor air quality for occupants.
SAB’s ambitions extend beyond their SmartScore and Gold certified building. They aspire to play a leading role in mobilizing finance to support an inclusive, diverse, and a just transition toward a more sustainable economy. By embedding ESG considerations at the heart of the organization, SAB is taking meaningful steps to support a more sustainable future.
SAB’s new headquarters is a shining example of how financial institutions can lead the way in promoting sustainability and environmental responsibility. SAB’s commitment to reducing their environmental footprint while supporting Saudi Arabia’s ambitious goals is a testament to the positive impact that can be achieved when sustainability is at the core of an organization’s values. The LEED Gold certification is not just a recognition of their achievement; it is a beacon of hope for a greener, more sustainable future for the Kingdom — inspiring the region and beyond.
- The writer is CEO of Saudi Awwal Bank.