Climate Change Data

Nayifat Finance Company

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Social Responsibility

Social Achievements

  • Saudization Program: continuously provides career opportunities for young nationals and support Saudization program. Provides career opportunities for female employees, with the rate of female employees growing yearly.
  • Waving outstanding loan for Deceased/Disabled Customers: waiving outstanding finance for bereaved family members of deceased/disabled customers.
  • Waving outstanding loan for customers under legal proceedings: supporting customers under legal proceedings.

Governance Achievements

  • Established a Corporate Governance Framework in line with CMA regulations and SAMA Implementing Regulations.
  • Developed documented policies including mechanisms for compensation, dispute resolution with stakeholders, establishing relationships with clients and vendors, and company social contributions.
  • Implemented a Whistleblower Policy for confidential reporting of unethical or unlawful business practices.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CMA Corporate Governance Regulations, SAMA Implementing Regulations