The Nass Corporation strategy for ESG supports the commitments of the countries in which we operate, which include the Kingdom of Bahrain with its Economic Vision 2030 and the United Arab Emirates and the Kingdom of Saudi Arabia. All countries have their own Vision 2030 that aligns with the United Nations Sustainable Development Goals (SDG) framework.
The ESG strategy serves as a foundation for the company’s purpose to construct a better future. Using this strategy as a guide, Nass Corporation intends to collaborate with industry stakeholders to bring about lasting positive change and foster a thriving future for the communities around its activities, as well as the environment. Under each of the ESG pillars are our focus areas and specific actions Nass Corporation is taking to advance our environmental, social and governance (ESG) goals and commitments.
Nass Corporation recognizes the significant role it plays in shaping the future and the impact its activities have on communities and the environment. To ensure that the company’s efforts align with the United Nations Sustainable Development Goals (SDGs), each focus area of the strategy underwent a comprehensive assessment to determine its relevance to the business and identify opportunities for improvement.
By aligning with the SDGs, Nass Corporation demonstrates its commitment to creating a better future for all in support of the common Economic Vision 2030 for the Kingdom of Bahrain and the remaining countries where we operate.
The company will continue to work closely with industry partners and stakeholders to achieve its sustainability goals and promote sustainable development across all its operations.
We are proud to align our ESG (Environmental, Social, and Governance) strategy with the Bahrain Bourse and the Central Bank of Bahrain (CBB), as it reflects our shared commitment to sustainability and responsible finance. Collaborating closely with these esteemed institutions, we have integrated their objectives and guidelines into our business practices to drive positive impact.
The Bahrain Bourse has played a pivotal role in shaping our ESG strategy. We actively follow their guidelines on ESG reporting and disclosure, ensuring that we provide transparent and comprehensive information regarding our environmental efforts, social initiatives, and governance practices. By adhering to these guidelines, we promote greater accountability and transparency, building trust with our stakeholders. Furthermore, our alignment with the Bourse’s sustainable development goals allows us to contribute meaningfully to the broader sustainability agenda and work towards a more inclusive and environmentally responsible future.
In partnership with the Central Bank of Bahrain, we have incorporated their recommendations on responsible investment and risk management into our decision-making processes. By considering environmental and social factors alongside financial performance, we ensure that our investments are aligned with sustainable development objectives. This alignment not only strengthens our risk management practices but also reinforces our commitment to long-term value creation. By integrating the CBB’s guidance into our ESG strategy, we actively contribute to the sustainable development of Bahrain’s financial sector and support the broader goals of responsible finance.
The alignment of our ESG strategy with the Bahrain Bourse and the Central Bank of Bahrain is a testament to our dedication to sustainability and responsible business practices. By working hand in hand with these institutions, we stay at the forefront of ESG developments, continuously improving our performance, and driving positive change within our organization and the wider community.
OUR ESG APPROACH AND VALUES
Nass Corporation takes a long-term approach; therefore, sustainability is an inherent part of our purpose, strategy, approach and values. Our aim is to deliver profitable growth whilst also contributing positively to wider society and the environment. Consideration is given to the short and long-term consequences of our business decisions, with effective action driving improvement through compliance with legislation, employment of emerging technologies and practices to deliver our goals and support those of our stakeholders.
We understand for sustainability to be effective; it must be present in all business areas and promoted through consultation and communication with our employees, customers, and wider stakeholders.
Nass Corporation is committed to a sustainable future and strongly advocates contributing positively to the needs of society, the environment and the economy based on three inter-linked pillars: Environmental (Planet), Social (People), and Governance (Profit).
We use a systematic and holistic approach to develop our ESG strategy to achieve a long-term advantage. We work closely with our clients to identify the areas of value creation, forecast a range of alternative futures, test potential options, frame a viable scenario, and build-out and articulate a coherent strategy. We also developed a detailed “roadmap” to transition to the future and position the company to consistently evolve and refresh its strategy over time. Our strategy and design implementation are based on:
