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