Case Study
Advancing sustainability reporting and ESG ratings for the world’s largest Islamic bank
Among the largest banks in the world by capital, the client has total assets of SAR 801 billion, a paid-up capital of SAR 40 billion, and an employee base of over 20,000 associates. The Bank operates through more than 511 branches and 4,603 ATMs across 5 countries.
The business situation
- The Bank sought support in preparing its 2024 Annual and Sustainability Report, as well as enhancing its ESG ratings, through leading platforms such as S&P Global, MSCI, and Sustainalytics. In addition, it required guidance on GHG Inventorization and alignment with IFRS S1 and S2 standards to strengthen its disclosures and reporting maturity.
Our team’s role
Report
Developing the 2024 Annual and Sustainability Report
Rating
Conducting an ESG Ratings Enhancement assessment (S&P Global, MSCI, Sustainalytics)
GHG inventory
Establishing a comprehensive GHG inventory to calculate emissions across sources
Gap assessment
Performing an IFRS S1 and S2 gap assessment to chart a roadmap for alignment
The value our team added
- Identified and assessed areas for improvement in the Bank’s ESG ratings and developed an ESG Ratings Enhancement Report with short-, medium-, and long-term recommendations
- Collaborated with the Bank’s report development agency to redesign the content structure of the 2024 Annual and Sustainability Report, enhancing alignment with GRI standards
- Conducted an IFRS S1 and S2 gap assessment to support future compliance readiness
- Partnered with the Bank’s property management company to identify emission sources and calculate GHG emissions
- Strengthened the Bank’s ESG disclosures, improved ratings readiness, and positioned it on a clear path toward global best practices
Advance ESG Maturity
From Reporting and Ratings to Climate Disclosures and IFRS Alignment
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