Aluminium Bahrain (Alba), the world’s largest smelter ex-China, has topped the Environmental, Social and Governance (ESG) ratings list for Bahrain compiled by ESG Invest, for the second year in a row.
ESG Invest provides comprehensive ratings research reports that quantify the ESG performance of companies in the Arab world across 200-plus ESG quantitative and qualitative Performance Indicators and more than 40 ESG criteria derived from International Standards and National Visions.
Announcing the key milestone, CEO Ali Al Baqali said: "Ranking number One by ESG Invest in Bahrain endorses Alba’s sound corporate transparency and stakeholder accountability."
"We believe that ESG should be the Forward Focus especially as Covid-19 has accelerated the shift towards civic society with a major emphasis on social cohesion, community support and volunteering for the public good," stated Al Baqali.
A major player in the region, Alba boasts a production of more than 1.35 million metric tonnes per annum (mtpa) as per last year's figures.
With dual listing on Bahrain Bourse and London Stock Exchange, the company’s shareholders are Bahrain Mumtalakat Holding Company (69.38%), Sabic Industrial Investment Company (SIIC) (20.62%) and General Public (10%).
"Being one of the blue-chip assets in Bahrain, we remain committed to translate the Kingdom’s Economic Vision 2030 and lead the change in ESG," he added.
In 2020, Alba’s reputation as an environmentally friendly aluminium smelter was boosted when it was awarded with Aluminium Stewardship Initiative (ASI) Performance Certification for its ESG performance as well as the ‘Bronze Medal’ 2020 in recognition of its commitment and performance in CSR.-TradeArabia News Service