Zain raises the index of environmental and social standards and corporate governance and raises its classification to BBB

The group achieved the full mark in the environmental fields on the “MSCI ESG” index

Badr Al -Kharafi: Merging ESG standards in decision -making shows responsible institutional governance

Zain Group revealed its promotion in the newly released classification of the environmental and social standards and corporate governance (MSCI ESG Index) and its confirmation at the BBB level. Zain said the leading company in technological innovations in the Middle East and Africa market By applying the best standards of practices and policies in the areas of sustainability and governance, and its success in maximizing its capabilities in mitigating the risk, achieving a long -term value. Zain mentioned that it has achieved advanced results in the classifications that focus on efforts to address climate change, enhance governance procedures, implement decisive environmental policies, improve policies Data protection and privacy, and the preparation of reports, indicating that, despite its work in some areas that are characterized by a complex geopolitical context, its initiatives during the recent period confirmed their ability to face these challenges and its commitment to continuous improvement. The group explained that it is presented on the ladder of the MSCI ESG Index classification also highlights its commitment Focusing on accountability, transparency and moral practices, as the initiatives and policies adopted recently showed their keenness to apply the highest standards in the areas of performance development, responsible marketing, business continuity, monitoring environmental and social governance and corporate governance. Zain group built a strong framework for corporate governance, adopted a number of policies Which reflects work ethics and principles of governance, and adopted a series of initiatives that guarantee them to ensure the proper implementation of governance procedures, the durability of risk systems, and their compatibility with international standards, with the aim of enhancing the work environment, and improving value to achieve sustainable growth. He said the Vice Chairman and CEO of the group. Zain Badr Nasser Al -Kharafi “Zain realizes that environmental and social standards and corporate governance represents a major part of work strategies, as their integration into decision -making operations has become an essential aspect of showing responsible and advanced governance, it helps institutions and companies in forming a broader perspective of risk management.” Al -Kharafi explained. “The group focused on its recently launched work strategy (4Ward – under the slogan of progress) on enhancing its efforts in the areas of sustainability, governance, inclusion, diversity and fairness, as it depends on a major pillar, which is the goal and influence, and it confirms its commitment to improving the impact of its operations through its societies, and also building a culture of work It is characterized by cooperative growth, building more partnerships to enhance communication, and achieve synergy. “Al -Kharafi said,” With the continued development of technology, artificial intelligence models and technology in pushing the innovation wheel, the ethical effects of the consequences constitute one of the challenges facing the markets, and there is an urgent necessity to develop principles Guidance for responsible development, so the role of corporate governance comes as a decisive step to confront these threats, and to deal with these developments and changes, Zain Group depends on a number of accelerators aimed at integrating artificial intelligence technology and innovations, and developing digital infrastructure, while emphasizing continuity and launching capabilities. The group is on the MSCI ESG Index Index with regard to the data protection and privacy of data, its continuous confirmation of spreading the goals of data governance as a culture in which the decisions are based on the correct data and analyzes, and the protection of data privacy, because of its conviction that the data governance management is a decisive step towards confirming its obligations of organizational compliance under the legislation of personal data protection. And cloud computing frameworks, it realizes that data governance will guarantee its compliance with any mandatory restrictions imposed on the storage, transfer and use of data. The Zain Group launched the “Data Governance Office” to emphasize the importance of data governance in the modern business scene, it is keen to ensure the quality and reliability of data, which is something It is very important to make accurate and informed decisions, as the “Data Governance Office” helps to protect the most important sensitive information from ever before threats and violations. Zain expresses a strong commitment to its social contract, by harnessing its capabilities in helping societies, especially in issues that indicate climate change, by taking decisive measures to conserve energy, water, waste management, and biological diversity. Zain supports voices in international institutions that call for increasing existing solutions On the ground, as it seeks to anticipate the prospects for the future by enhancing its efforts at the level of initiatives to address climate change, as it is an institution that tops the list of companies and institutions in the markets of the Middle East and Africa in the areas of confronting climate change. Zain is committed to supporting and complying with human rights, as well as tightening it on human rights issues Which affects employees and involves the value chain of the institution, and it appears in the geographical domains in which the importance of adhering to human rights exists, as the group included human rights issues related to employee treatment and discrimination in the Human Resources Policy Policy Directory and in the Personality Conduct Blog. It is worth noting that a group It is always decorated with its firm commitment to sustainability, inclusion, diversity and fairness, and it continues to build on the rich and diverse balance it achieved during this period, as it plays a pivotal role when it comes to generating tangible positive economic implications for its societies, creating direct job opportunities and establishing strategic partnerships puts them As a catalyst and an enabling element for economic growth and development.