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Environmental, Social & Governance (ESG) Investment Philosophy
SNB Capital’s ESG investment strategy is defined by the pursuit of responsible investment opportunities that deliver long-term value while promoting sustainable economic growth. This commitment is evident in our achievement of a Moody’s Investors Service ESG Credit Impact Score (CIS) of CIS-2, underscoring our dedication to ESG excellence. Reflecting our commitment to fostering sustainable development and innovation in the EV sector, in 2023 we launched the SNB Capital Batteries Fund, a Shariah-compliant ESG-related fund that invests in the world’s third-largest global electric vehicle (EV) batteries manufacturer SK On.
Sustainability and Social Responsibility
In 2024, SNB Capital’s further advanced its ESG commitments through a strategic collaboration with the Saudi National Bank on the Ahalina Program, an initiative that reflects the aim to empower communities and support the social development objectives of Vision 2030. In the same year, SNB Capital launched a Financial Awareness initiative in partnership with The Financial Academy with the goal of advancing financial literacy among university students by equipping them with the skills required for personal and professional growth. SNB Capital is also a sponsor of the Mulim Smart GCC Investor Awards, further reinforcing our commitment to empowering the next generation of investors and cultivating a financially educated society, in line with Saudi Vision 2030.
Governance and Transparency
Governance and transparency are core pillars of our corporate ethos. SNB Capital is committed to observing and upholding the highest standard of Corporate Governance in line with the Corporate Governance Regulations issued by the Capital Market Authority (CMA). During its meeting on 15 June 2023, the Board approved the decision for all Management Committees to operate under the authority of the Chief Executive Officer (CEO). This restructuring, detailed in our new Management Committee Manual, bolsters our governance framework, enhancing decision-making, operational efficiency, and accountability across all divisions. This restructuring, detailed in our new Management Committee Manual, bolsters our governance framework, enhancing decision-making, operational efficiency, and accountability across all divisions.
