1. Our Commitment
Livo Bank recognizes its responsibility to contribute positively to the environment, society, and the communities in which it operates. Our sustainability strategy is closely aligned with Saudi Vision 2030, the UN Sustainable Development Goals (SDGs), and international best practices in responsible banking.
Livo Bank is a signatory to the United Nations Principles for Responsible Banking (UN PRB), committing to align our business strategy with the goals of the Paris Climate Agreement and the SDGs. We are dedicated to:
- Promoting sustainable finance and green lending products
- Reducing our environmental footprint and supporting the Kingdom's net-zero ambitions
- Empowering communities through financial inclusion and social investment
- Maintaining the highest standards of corporate governance and ethical conduct
2. Environmental
The Bank is committed to environmental stewardship and supporting Saudi Arabia's transition to a sustainable, low-carbon economy.
Carbon Reduction Targets
- Setting science-based targets for reducing Scope 1 and Scope 2 greenhouse gas emissions
- Committing to achieve net-zero operational emissions by 2050
- Integrating climate risk assessment into our credit and investment decisions
Green Financing
- Providing green loans and sustainability-linked financing to corporate and retail customers
- Financing renewable energy projects, including solar and wind installations across the Kingdom
- Supporting green building certifications and energy-efficient construction
- Issuing green bonds to fund eligible sustainable projects
Environmental Risk Management
- Conducting environmental due diligence for high-risk sectors in our lending portfolio
- Monitoring and reporting on climate-related financial risks and opportunities
- Implementing paperless banking solutions to reduce waste
3. Social
Livo Bank's social sustainability efforts focus on creating inclusive economic opportunities and investing in the wellbeing of our communities.
Financial Inclusion
Expanding access to banking services for underserved communities through digital channels and financial literacy programs.
Community Investment
Supporting education, healthcare, and social welfare initiatives through Livo Bank Foundation and strategic partnerships.
Youth Empowerment
Saudi youth development through scholarships, internships, entrepreneurship programs, and digital skills training.
Employee Wellbeing
Comprehensive health and wellness programs, work-life balance initiatives, and professional development opportunities.
4. Governance
Strong governance is the foundation of sustainable banking. Livo Bank maintains rigorous governance practices to ensure accountability, transparency, and ethical conduct.
- Board Oversight: The Board of Directors has established a dedicated ESG Committee to oversee sustainability strategy, targets, and reporting
- Responsible Banking: Integration of ESG criteria into credit underwriting, investment decisions, and risk management frameworks
- UN Principles for Responsible Banking: Livo Bank is a signatory to the UN PRB, committing to align our portfolio with societal goals including climate action
- Anti-Corruption: Zero-tolerance policy on bribery and corruption, with robust compliance monitoring and whistleblower protections
- Data Privacy: Strict adherence to Saudi data protection regulations and international privacy standards
5. ESG Framework
Livo Bank's sustainability reporting and ESG management practices are aligned with leading international frameworks and standards:
GRI Standards
Reporting aligned with the Global Reporting Initiative (GRI) Standards for comprehensive sustainability disclosure.
TCFD
Climate-related financial disclosures following the Task Force on Climate-related Financial Disclosures recommendations.
SASB
Industry-specific disclosures using the Sustainability Accounting Standards Board framework for banks.
UN SDGs
Aligning our sustainability strategy with the United Nations Sustainable Development Goals.
6. Impact Numbers
Livo Bank's sustainability efforts deliver measurable impact across environmental, social, and governance dimensions.
SAR 50B+
Total Sustainable Financing
100,000+
Trees Planted Initiative
250+
Community Programs
500,000+
Financial Literacy Beneficiaries
7. Reports
Livo Bank publishes annual sustainability and ESG reports to communicate our progress and commitments to stakeholders.
- Sustainability Report 2025
- ESG Report 2025
- TCFD Climate Report 2025
- Annual Report 2025 (ESG Section)
- UN PRB Annual Reporting 2025