Environmental Reporting

SICO remains committed to transparency and progress in its climate-related disclosures. The Bank publishes an annual Greenhouse Gas (GHG) Emissions Report to monitor, manage, and reduce emissions across its operations.

In 2024, SICO conducted calculations of its greenhouse gas (GHG) emissions for the period from January 1 to December 31. Total emissions increased by 29% compared to the previous year, primarily due to the near doubling of staff at SICO’s KSA subsidiary and the larger sample size in the employee commuting survey, which included 101 participants and was extrapolated to represent the whole workforce for a more accurate picture.

Despite the increase in absolute emissions, GHG intensity per employee remained nearly unchanged, highlighting SICO’s continued focus on sustainable operational growth. The 2024 report also featured enhanced monitoring practices, including the introduction of Scope 3, Category 1 emissions (purchased goods and services), in addition to Scope 1 and 2 emissions.

Improvements were made to tracking systems and measurement accuracy, reinforcing SICO’s commitment to responsible emissions management and continuous reporting evolution.

Please check out our GHG Reports for more details.

Environmental Initiatives

SICO is committed to minimizing its environmental impact and promoting sustainability both within the Bank and throughout the wider community.

Internally, SICO has implemented a robust “No Plastic, No Printing” policy and continues to digitize operations. Reusable water bottles have been distributed to employees, and plastic cutlery and cups have been eliminated. The recycling of paper, plastic, and e-waste continues to be ongoing.

In 2024, SICO introduced a new SWIFT solution that eliminates the need to print SWIFT messages entirely, a move that significantly reduces paper usage and enhances operational efficiency.

As part of its ongoing partnership with The National Initiative for Agricultural Development (NIAD)’s 'Forever Green' campaign, SICO completed its fifth tree-planting initiative in 2024, bringing the total to 2,700 trees planted. These efforts have sequestered 48.6 tonnes of CO2e, helping to improve air quality, preserve biodiversity, and support soil conservation — all in alignment with Bahrain’s national net-zero 2060 target.

SICO also maintained its focus on water conservation. Water-efficient technologies were adopted across facilities, complemented by internal awareness campaigns to reduce consumption and promote mindful resource management.

The Bank continues to raise awareness through initiatives like Go Green and employee engagement sessions. A previous session with marine ecologist Dr. Reem AlMealla explored Bahrain’s biodiversity and emphasized the link between ecosystem health and climate action.

SICO’s commitment to biodiversity, sustainable operations, and community engagement reflects its broader ESG vision — driving real-world impact while supporting national sustainability goals.