SAB joins United Nations Global Compact as part of its sustainability efforts

June 2023

• UNGC is a call to companies everywhere to align their operations and strategies with ten universally accepted principles.
• Ten Principles include human rights, labor, environment, anti-corruption, and taking part in societal objectives.

Riyadh, Saudi Arabia, June 19, 2023 – SAB announced that it has joined the United Nations Global Compact (UNGC) initiative — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

UNGC is a major global initiative that runs towards more sustainable production and collective responsibility and is considered the largest corporate sustainability initiative globally.

Tony Cripps, Managing Director & CEO at SAB , said: “We are proud to join thousands of other companies globally, to commit and take part in responsible business practices, and play a vital role in the ten principles that UNGC advocates to create a better future for all of us.”

The Ten Principles of the UNGC initiative include human rights, labor, environment, and anti-corruption as well as taking action to advance societal objectives. SAB will play a significant role in implementing the Ten Principles and leverage UNGC’s strategy to support the UN global border sustainable development goals (SDGs).

SAB has made ESG a primary focus of its operations and is actively progressing towards a more sustainable and holistic approach to banking by leveraging its capabilities and ESG strategy.

The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles and to act and support UN goals and issues embodied in the Sustainable Development Goals.