Bank Muscat gets Euromoney’s ‘Best Bank’ for CSR award
Bank Muscat, the leading financial service provider in the Sultanate of Oman, was recently awarded for being the Best Bank for Corporate Responsibility by Euromoney as a culmination of its concrete initiatives in the field of Social Responsibility.
As part of its sustainable strategy, the bank is committed to serve society through several sectors covering different community groups. This includes various aspects such as environment, sports, youth, education, entrepreneurship and health, in addition to its contributions to enhancing financial literacy and partnership with various associations and charitable teams in the sultanate.
The award reaffirms Bank Muscat’s leadership in the implementation of vital and sustainable projects in the field of social responsibility and a recognition of its role in supporting activities that are of a great importance to the Omani community, fostering voluntary works among community members.
On the occasion, Talib bin Saif al Makhmari, Head of Community & Media Relations, Bank Muscat, said, “We are glad to receive this award from the prestigious Euromoney which indicates the Bank's keenness to sustainability and corporate responsibility aspects.”
Makhmari pointed out that sustainability has consistently been a core principle of the bank’s operations. “For decades, the bank has diligently pursued a significant impact in the realm of social responsibility by adopting clear strategies and implementing annual sustainable programmes and initiatives designed to positively affect various sectors of Omani society.”
Bank Muscat’s sustainability and social responsibility strategy is dedicated to achieving longterm benefits for various segments of society, making a positive impact in areas such as education, youth development, sports, alternative energy, health, and the SME sector.
As a leading financial institution in the sultanate, the Bank is committed to supporting individuals and society through the creation of strategic social responsibility programmes.
Sustainability is at the core of all initiatives launched by the Bank, ensuring that they achieve beneficial outcomes for all while strengthening relationships and partnerships with various entities, whether governmental, private, or charitable, across the sultanate.
To promote transparency and raise awareness of its efforts in this area, Bank Muscat publishes an annual sustainability report based on the guidelines of the Global Reporting Initiative (GRI) and sector-specific supplements for the financial sector. This report highlights the positive impact of the bank's activities on the economy, society, and the environment. It also demonstrates the bank's growing openness to sustainability reporting, underscoring its influence on the decision-making process, as well as its policy and strategy.
Bank Muscat is undertaking a broad array of initiatives in social responsibility and community service, benefiting thousands of community members. The ‘Green Sports’ programme enhances local sports teams across various wilayats in the sultanate.