Bank Islam Brunei Darussalam (BIBD) yesterday showcased its commitment to leading the way towards a sustainable future through its banking practices and corporate social responsibility (CSR) initiatives.
These form the core of BIBD’s approach to sustainability guided by Maqasid Shariah and are aimed at achieving Brunei Vision 2035 and the United Nations Sustainable Development Goals (UN SDGs).
His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam was presented an outline of BIBD’s initiatives and CSR programmes by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah in his capacity as Chairman of BIBD during the get-together event yesterday.
The initiatives and CSR programmes align with nine UN SDGs – no poverty; no hunger; good health and well-being; quality education; decent work and economic growth; industry, innovation and infrastructure; responsible consumption and production; climate action; and partnership for the goals.
The minister said, “With the global movement and increasing awareness on sustainable living, BIBD strives to be a catalyst of change by being a sustainable business that actively works to make the world a better and greener place. As an Islamic financial institution, BIBD is uniquely poised to contribute towards upholding Maqasid Shariah and supporting the UN SDGs which will also align with achieving Brunei Vision 2035.”
Beginning in 2020, the bank began reducing printables and brochures while making a pledge to use digital means where possible. Office-issued calendars and notebooks as well as annual festive Hari Raya packets were all printed on recycled paper with recycle bins provided at selected branches at the end of the festive period to encourage recycling of these materials. The bank also pledged to reduce single-use plastics by replacing all plastic water bottles on every floor within the BIBD headquarters with reusable glass bottles and participating in the nationwide “Plastic Free July” initiative.
In support of SDG 17 (Partnership for the Goals), the bank also partners with several government agencies to raise awareness on and spearhead initiatives aimed at supporting the UN SDGs.
BIBD Chief Marketing Officer Hajah Nurul Akmar binti Haji Mohd Jaafar said, “Youth empowerment and education is a key element of sustainability, BIBD will continue to support youth-driven initiatives that aim to achieve national goals such as the Brunei Green Protocol and Brunei Vision 2035, as well as the global issues addressed in the UN SDGs.”