Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Social Responsibility
• Governance, Business Ethics & Compliance

Environmental Achievements

• Reduced energy intensity by approximately 14% from 2021 to 2022
• Launched an in-office recycling program
• Eliminated single-use water bottles in the office

Social Achievements

• Increased community investments to over US$1.9 million in 2022
• Increased spending on local suppliers by 35% compared to 2021
• Achieved a 10% increase in the number of females hired in 2022 compared to 2021
• Maintained a positive growth trend of 40% in total staff since 2021

Governance Achievements

• Formed an ESG Committee to oversee the group’s ESG strategy
• Achieved 91.7% of the 2022 Internal Audit Plan
• Implemented various policies to combat corruption, money laundering, and bribery

Climate Goals & Targets

Environmental Challenges

• Widespread economic turbulence across global financial markets
• Geopolitical tensions, inflation, and supply chain disruptions
• Pressure on treasury activities from rising interest rates

Mitigation Strategies

• Implemented a robust model to mitigate the impact of the Ukraine crisis, inflation, and market volatility
• Focused on long-term, sustainable growth and diversification across asset classes and geographies
• Acquired new portfolios and majority stakes in leading asset managers
• Hedged 82% of real estate investments’ financing

Supply Chain Management

Responsible Procurement

• Prioritizing local suppliers to support community development and reduce environmental impact

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: AAOIFI, IFRS

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 3 (Good Health and Well-being)
• Goal 8 (Decent Work and Economic Growth)
• Goal 10 (Reduced Inequalities)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)
• Goal 16 (Peace, Justice and Strong Institutions)

GFH's ESG management process is aligned with the UN SDGs and Bahrain Vision 2030.

Awards & Recognition

• Bahrain’s Best Investment Bank and Investment Banking Market Leader by Euromoney International
• One of the Top 30 asset management companies in the Middle East by Forbes
• Bahrain’s Best Investment Bank by International Banker
• Best Islamic Investment Bank by Global Islamic Finance Awards (GIFA)
• Financial Services CEO of the Year by CEO Middle East (Hisham Alrayes)