Better Health for All

Al Rajhi Bank's core financial products and services are health-neutral. However, its sustainable finance framework explicitly excludes investments in sectors with established negative health outcomes such as tobacco, alcohol, and gambling.

The bank's operations generate positive health externalities through its investments in renewable energy, with USD 700 million allocated in 2021 and 8.7% of sustainable finance proceeds dedicated to environmental initiatives. During the COVID-19 pandemic, the bank waived fees for SME customers between April and October 2020, which is a reactive crisis response. While the bank has numerous health-related CSR initiatives, including establishing medical centers, funding kidney transplants, and supporting an orphan education program, the provided evidence does not offer sufficient quantitative data to score these against the specific thresholds for KPIs like vulnerable reach, health equity programs, healthcare workforce support, preventative health measures, health innovation investment, mental health initiatives, or healthcare education. There is no specific data on the affordability of health products or services, user safety records, risk transparency, or healthcare data responsibility.

Fair Money & Economic Opportunity

Al Rajhi Bank's loan portfolio includes SAR 41.4153 billion for women-owned businesses, MSBs, and SMEs in 2024, which represents approximately 5.97% of its total loan portfolio of SAR 693.3 billion.

The bank reports 218 Group and open banking APIs. It states zero incidents of discrimination in 2024, but does not report undertaking proactive fair-lending audits. The bank has raised over SAR 250 million in total donations for the 'Jood Eskan' national charitable housing project, but this is not quantified as a percentage of annual pre-tax profit. Financial literacy resources are mentioned as a non-financial service, but no specific programs, reach, or impact are detailed. The bank operates 512 branches, 4,371 ATMs, and 136 Remittance Centers, but specific coverage of underserved geographic regions is not provided.

Fair Pay & Worker Respect

Al Rajhi Bank reported an employee engagement score of 74%.

The voluntary employee turnover rate was 21.7%. The company also stated that there were no reported incidents of discrimination in 2024, and it maintains grievance channels for such instances.

Fair Trade & Ethical Sourcing

Al Rajhi Bank, as a financial institution, does not procure or trade physical commodities, making the KPIs related to fair-trade certifications and high-risk materials not applicable. The bank directs 94% of its vendors to local suppliers as of 2024.

In 2023, 90% of its procurement spending, totaling SAR 4.1 billion, was on local suppliers. The bank also actively supports supplier diversity, including female-owned enterprises and SMEs, with 7.5% of its total suppliers being female-owned in 2021.

Honest & Fair Business

Al Rajhi Bank incurred approximately $42.4 million in ethics-related regulatory fines across 2023 and 2024, including penalties for supervisory, customer protection, cybersecurity, and anti-money laundering violations.

The bank has a Whistleblowing Policy with anonymous hotline and email channels, and states that it provides safe communication channels for whistle-blowers. The company reported one minor financial restatement in 2022. The internal audit plan achieved 91.7% coverage in 2022. Four out of eleven board members are independent, representing 36.4% of the board. The bank has an Anti-bribery Corruption Policy, but the effectiveness of training is not publicly measured. There is no evidence of independent verification of ethical claims.

Kind to Animals

Al Rajhi Banking and Investment Corporation is a financial institution. Its core business model does not involve activities such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients. Therefore, all KPIs related to these activities are not applicable. While Al Rajhi Bank Jordan planted 400 pine trees in the Dibeen forest,

the provided evidence does not include measurable biodiversity impact or species recovery metrics required for a positive score in wildlife conservation. The company's Shariah-compliant operations inherently avoid investments in industries like alcohol, gambling, and tobacco, but this does not directly translate to specific animal welfare metrics in the provided rubric.

No War, No Weapons

Al Rajhi Bank's Anti-Money Laundering (AML) Policy complies with international standards for Weapons of Mass-Destruction (WMD) and Countering Terrorism Financing (CTF).

The bank screens customers, beneficiaries, and transactions against lists issued by the UN, US (OFAC), EU, UK (HMT), Switzerland, and other authorities. The bank's Sustainable Finance Framework, published in February 2022, includes an exclusion list stating that proceeds from Sustainable Financing Instruments will not be allocated to projects where the majority of revenues are derived from weapons or conflict minerals. As of December 31, 2023, 100% of the outstanding sustainable financing instrument proceeds were allocated to eligible green and social assets, with 0% allocated to projects related to weapons or conflict minerals. The bank has a policy of zero procurement from active conflict zones, supported by comprehensive screening. The bank's Sustainable Finance Framework also explicitly excludes nuclear power generation from its eligible projects.

Planet-Friendly Business

Al Rajhi Bank sources 10.53% of its total energy consumption from renewable sources, specifically solar energy.

The bank has a stated net-zero target year of 2060, aligning with Saudi Arabia's national goal. Its TCFD disclosures are fully adopted, and climate scenario analysis is peer-reviewed. The bank conducts comprehensive scenario analysis, including 1.5°C, 2°C, and 3°C+ pathways, with strategic planning explicitly linked to these scenarios. It provides growing disclosure of climate-related assets at risk, with a qualitative discussion of transitional risks and an outlined management approach. The company has zero major environmental compliance violations, with minor notices addressed swiftly.

Respect for Cultures & Communities

The company demonstrates a strong commitment to local employment, with a Saudisation rate of over 98% of its workforce.

It also prioritizes local suppliers, with 94% of all vendors being local. The company participates in 5 major ongoing national-scale community development programs. Free, Prior and Informed Consent (FPIC) processes are not applicable to the company's operations.

Zero Waste & Sustainable Products

Al Rajhi Bank implements several waste reduction initiatives, including paperless operations where 95% of new current accounts are opened digitally and around 60% of personal financing is conducted through digital channels.

The bank also donates electronic devices such as laptops and printers. It generates approximately 10,000 cubic meters of waste annually and states it follows waste management best practices for reuse, recycling, storage, and treatment. The bank has company-wide waste reduction targets, aiming to align with Saudi Vision 2030's Net Zero plans by 2060 and ESG Disclosure Guidelines from the Saudi Exchange and Saudi Central Bank.