Realizing the first rank for the Middle East and Africa and the forty -second in the world .. The first Saudi Bank won the ISO 20400 in sustainable purchases
The first Saudi Bank, one of the leading banks in the Kingdom, announced that it obtained the ISO 20400 for sustainable purchases, thus becoming the first bank in the Middle East and Africa, and the forty -second side in the world, obtains this international recognition from the British Institute of Standards. This achievement covers all stages, starting from the strategic vision to operating implementation. This achievement highlights the first commitment to sustainability and its compatibility with international standards in integrating sustainable practices within purchasing practices. "International Organization for Standards" (ISO), a global recognized framework to integrate sustainability into purchases. Its directives focus on governance, business practices, human rights, environmental impact, and professional business behavior at the supply chain level.
The evaluation process was conducted in cooperation with "British Institute for Standards" The company specialized in improving business and standards, and one of the founding members in "International Organization for Standards"The evaluation included a comprehensive review of the work frameworks, strategies and implementation mechanisms approved in the bank’s purchasing management, with the aim of measuring the integration of the principles of sustainability within these operations. "the first" Including sustainability within purchasing decision -making operations. He also developed the practices of communication with the suppliers and adopted more effective methods in the field of moral supply purchases, in line with the bank’s goals in environmental and social practices and institutional governance. This step comes in support of the bank’s long -term strategy in enhancing responsible practices and managing the supply chain transparently. "Our obtaining ISO 20400 is an important step towards consolidating sustainability within the bank’s purchases. This achievement confirms our commitment to the responsible purchase, and enhances our ability to involve suppliers in line with the bank’s priorities in the areas of sustainability and Saudi vision 2030."For his part, Elias Karambukis, Director of Sales and Business in the Middle East, Turkey and Africa at the British Institute of Standards: said: "There is a great opportunity for banks and other financial institutions to influence the field of sustainability through their practices in the field of lending, investment and governance. It is great to see the first Saudi bank leading the road by obtaining the ISO 20400 certificate for sustainable purchases, which proves that the bank is making conscious decisions regarding its environmental, social and economic impact, and contributing to accelerating efforts to progress towards a more sustainable world. We bless the first team for this achievement."
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