ESG governance at alrajhi bank

The bank’s ESG Committee (Sustainable Finance Working Group) leads its sustainability efforts. The ESG Committee is chaired by the Chief Financial Officer (CFO), and comprises the Chief Strategy Officer (CSO), Chief Risk Officer (CRO), Chief Human Resources Officer (CHRO), Chief Compliance Officer (CCO), General Managers of both B2B and B2C business verticals, and the Group Treasurer. The Committee’s oversight lies with the Board Risk Management Committee, which is updated of its activities twice a year. The Board Risk Committee reports to the Board of Directors, who are responsible for the committee’s direction, in order to guarantee that ESG-related goals are integrated into the bank’s governance system, business model, and decision-making procedures. To learn more about the ESG Committee’s mandate, please refer to Page 206 of the Sustainable Financing chapter.