Saudi National Bank (SNB)

SNB has established a sustainable finance framework in 2021 in line with Saudi’s Vision 2030. As of January 2023, SNB has allocated three green and sustainability issuances for up to $838 million and financed a 400 MGW wind farm in Saudi Arabia. This farm is expected to displace 501,983 tonnes of CO₂ emissions per year and power 12,646 homes. The majority of SNB’s green impact financing goes towards solar PV renewable energy systems, with its current solar investments seeking to prevent 189,128 tonnes of CO₂ emissions per year.