7. Saudi Awwal Bank (SAB)

Established: 1978

Headquarters: Saudi Arabia

Managing Director and CEO: Tony Cripps

In January 2022, SAB launched Saudi’s first green deposit to allow retail and corporate clients to safely deposit their money toward green financing initiatives. In 2022, SAB partnered with the National Centre for Vegetation Cover on a 10 billion trees initiative, with the aim to plant a million trees by 2030. The bank planted 50,000 trees last year. In its transition to net zero, SAB’s internal green initiatives have saved 2.6 million plastic water bottles, 221,884 liters of water annually, and 1.7 million kilowatts of energy, and resulted in 374,926 kilos of recycled waste.

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