DURING 2016, The Saudi Investment Bank (SIB) furthered its commitment to sustainability and transparency by joining the Global Reporting Initiative (GRI) GOLD Community. As a result of that initiative, SIB has produced the report in accordance with the newly-released GRI Standards. This effort has resulted in this Report being the first report issued by a Bank globally and the first in the Kingdom using the new GRI Standards. The report is a window into the six years SIB has been promoting sustainable development in the Kingdom. The five pillars of SIB’s sustainability framework align with the ambitions detailed in Saudi Arabia’s Vision 2030, which is the theme of this year’s Report. The bank’s growing commitment to sustainability efforts have helped build a successful business by creating stronger relationships with customers, communities, regulators, and the environment. SIB has won First Place in the 2016 King Khalid Award for Responsible Competitiveness, improving upon its second-place position in 2015 and third-place position in 2014. This continued improvement demonstrates SIB’s increasing effectiveness in managing economic, social and environmental impacts, which are detailed in the report. As SIB looks toward the upcoming year of business, it intends to renew its sustainability ambitions to create shared value for customers, employees, stakeholders, and the Kingdom of Saudi Arabia in 2017. “The Saudi Investment Bank will continue to support and accelerate the Kingdom toward its vision of sustainable success for years to come. We are investing in the Kingdom of tomorrow,” said SIB’s CEO Musaed Mohammad Al Mineefi. SIB’s ’16 sustainability efforts were done in line with the AA1000 Accountability Principles Standard. Accountability, a global management consulting firm with expertise in sustainability reporting, guided SIB through the transition from the GRI G4 Guidelines to the new GRI Standards and worked with the Bank’s Corporate Communication Department to produce the report. — SG Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 12 Nov 2019 SIB’s Integrated Report 2018 wins the most prestigious global award for annual reports The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion...