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Our Approach to ESG

ESG Governance Structure

BSF integrates ESG directly into its operations and long-term growth agenda. By refreshing our ESG governance structure in 2025, we are translating broad sustainability goals into measurable business actions that deliver true long-term value.

ESG is no longer an initiative, it is a lens for value and long-term performance.

Governance Built for Accountability

BSF integrates ESG into its operations, decision-making, and long-term growth agenda. Since the first public ESG disclosures in 2020, the Bank has progressively evolved its governance structure to align with strategic ambitions, stakeholder expectations, emerging global and regional challenges, and Saudi Vision 2030.

In 2025, we refreshed our ESG governance structure to deepen its integration into strategy, decision-making, and oversight.

Board of Directors
Board Strategy and ESG Committee
Strategic Transformation Committee
ESG Division
ESG Champions
Board Strategy and ESG Committee

In 2025, the ESG Board Committee and the Board Strategy Committee were merged to form the Board Strategy & ESG Committee, providing integrated strategic oversight of the Bank’s long-term ESG direction. The Committee ensures alignment with business strategy and oversees the effective integration of environmental, social, and governance considerations into core operations.

Strategic Transformation Committee

Following the merger of the Board Strategy and ESG Committees, the ESG Management Committee and Strategy Management Committee were consolidated into the Strategic Transformation Committee. This Committee supports the Board Strategy & ESG Committee by recommending and monitoring ESG goals, reviewing ESG-related policies, overseeing ESG risks and opportunities, and driving periodic ESG disclosures. It also plays a key role in embedding ESG into the Bank’s strategic agenda and overseeing implementation across all business functions.

ESG Division

Serves as a focal point for all ESG issues by monitoring the Bank’s ESG KPI performance; advising on integrating ESG into products, services, and business strategies; and overseeing the implementation of ESG-related strategies, policies, programs, initiatives, and disclosures.

ESG Champions

Is a cross-functional group of employees who help embed ESG awareness across teams and departments. They act as enablers of change, supporting the ESG Division with knowledge sharing, engagement, and local delivery.