| GRI 101: Foundation 2016 |
|
|
| GRI 102: General Disclosures 2016 |
|
|
| Organisational profile |
|
|
| 102-1 |
Name of the organization |
6 |
The Saudi Investment Bank |
| 102-2 |
Activities, brands, products, and services |
6
72-77 |
The Saudi Investment Bank
Customer Capital |
| 102-3 |
Location of headquarters |
214 |
Corporate information |
| 102-4 |
Location of operations |
77 |
Customer Capital |
| 102-5 |
Ownership and legal form |
214 |
Corporate information |
| 102-6 |
Markets served |
6 |
The Saudi Investment Bank |
| 102-7 |
Scale of the organization |
6-7
10-11 |
The Saudi Investment Bank
SAIB at a glance |
| 102-8 |
Information on employees and other workers |
82-86 |
Employee Capital |
| 102-9 |
Supply chain |
90 |
Business Partner Capital |
| 102-10 |
Significant changes to the organization and its supply chain |
90 |
Business Partner Capital |
| 102-11 |
Precautionary principle or approach |
32-35 |
Risk Management |
| 102-12 |
External initiatives |
8-9 |
The Saudi Investment Bank |
| 102-13 |
Membership of associations |
92 |
Business Partner Capital |
|
Strategy |
|
|
| 102-14 |
Statement from senior decision-maker |
12 |
Letter from the Chairman |
|
Ethics and integrity |
|
|
| 102-16 |
Values, principles, standards, and norms of behaviour |
7
31 |
The Saudi Investment Bank
Corporate Governance |
| Governance |
|
|
| 102-18 |
Governance structure |
21 |
Corporate Governance |
| 102-19 |
Delegating authority |
21 |
Corporate Governance |
| Stakeholder engagement |
|
|
| 102-40 |
List of stakeholder groups |
46-47 |
Stakeholders |
| 102-41 |
Collective bargaining agreements |
– |
No collective bargaining approach |
| 102-42 |
Identifying and selecting stakeholders |
46 |
Stakeholders |
| 102-43 |
Approach to stakeholder engagement |
46-47 |
Stakeholders |
| 102-44 |
Approach to stakeholder engagement |
46-47 |
Stakeholders |
| Reporting practice |
|
|
| 102-45 |
Entities included in the consolidated financial statements |
116 |
Notes to the Consolidated Financial Statements |
| 102-46 |
Defining report content and topic boundaries |
4 |
About this Report |
| 102-47 |
List of material topics |
48-49 |
Materiality |
| 102-48 |
Restatements of information |
4 |
About this Report |
| 102-49 |
Changes in reporting |
4 |
About this Report |
| 102-50 |
Reporting period |
4 |
About this Report |
| 102-51 |
Date of most recent report |
4 |
About this Report |
| 102-52 |
Reporting cycle |
4 |
About this Report |
| 102-53 |
Contact point for questions regarding the report |
4 |
About this Report |
| 102-54 |
Claims of reporting in accordance with the GRI Standards |
4 |
About this Report
This report has been prepared in accordance with the GRI Standards: Core option. |
| 102-55 |
GRI content index |
207-212 |
GRI Content Index |
| 102-56 |
External assurance |
– |
No external assurance obtained |
| GRI 200: Economic |
|
|
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
40-41 |
Business Model |
| 103-2 |
The management approach and its components |
40-41 |
Business Model |
| 103-3 |
Evaluation of the management approach |
40-41 |
Business Model |
| GRI 201: Economic performance 2016 |
|
|
| 201-3 |
Defined benefit plan obligations and other retirement plans |
116 |
Notes to the Consolidated Financial Statements |
| 201-4 |
Financial assistance received from government |
201-203 |
Notes to the Consolidated Financial Statements |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 202: Market presence 2016 |
|
|
| 202-2 |
Proportion of senior management hired from the local community |
81 |
Employee Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
40-41 |
Business Model |
| 103-2 |
The management approach and its components |
40-41 |
Business Model |
| 103-3 |
Evaluation of the management approach |
40-41 |
Business Model |
| GRI 203: Indirect economic impacts 2016 |
|
|
| 203-1 |
Infrastructure investments and services supported |
93-97 |
Social and Environmental Capital |
| 203-2 |
Significant indirect economic impacts |
93-97 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
90 |
Business Partner Capital |
| 103-2 |
The management approach and its components |
90 |
Business Partner Capital |
| 103-3 |
Evaluation of the management approach |
90 |
Business Partner Capital |
| GRI 204: Procurement practices 2016 |
|
|
| 204-1 |
Proportion of spending on local suppliers |
90 |
Business Partner Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
36-37 |
Compliance |
| 103-2 |
The management approach and its components |
36-37 |
Compliance |
| 103-3 |
Evaluation of the management approach |
36-37 |
Compliance |
| GRI 205: Anti-corruption 2016 |
|
|
| 205-1 |
Operations assessed for risks related to corruption |
36-37 |
Compliance |
| 205-2 |
Communication and training about anti-corruption policies and procedures |
36-37 |
Compliance |
| 205-3 |
Confirmed incidents of corruption and actions taken |
– |
No confirmed incidents of corruption |
| GRI 300: Environmental |
|
|
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 301: Materials 2016 |
|
|
| 301-2 |
Recycled input materials used |
94-95 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 302: Energy 2016 |
|
|
| 302-1 |
Energy consumption within the organisation |
94 |
Social and Environmental Capital |
| 302-4 |
Reduction of energy consumption |
94 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 303: Water and Effluents 2018 |
|
|
| 303-1 |
Interactions with water as a shared resource |
– |
This information was not ready for the year in review and will be included in future reviews |
| 303-2 |
Management of water discharge-related impacts |
– |
This information was not ready for the year in review and will be included in future reviews |
| 303-3 |
Water withdrawal |
– |
This information was not ready for the year in review and will be included in future reviews |
| 303-4 |
Water discharge |
– |
This information was not ready for the year in review and will be included in future reviews |
| 303-5 |
Water consumption |
95 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 305: Emissions 2016 |
|
|
| 305-1 |
Direct (Scope 1) GHG emissions |
94 |
Social and Environmental Capital |
| 305-2 |
Energy indirect (Scope 2) GHG emissions |
94 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
|
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 306: Effluents and waste 2016 |
|
|
| 306-2 |
Waste by type and disposal method |
94-95 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 307: Environmental compliance 2016 |
|
|
| 307-1 |
Non-compliance with environmental laws and regulations |
– |
No non-compliance with environmental laws and regulations reported |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
90 |
Business Partner Capital |
| 103-2 |
The management approach and its components |
90 |
Business Partner Capital |
| 103-3 |
Evaluation of the management approach |
90 |
Business Partner Capital |
| GRI 308: Supplier environmental assessment 2016 |
|
|
| 308-1 |
New suppliers that were screened using environmental criteria |
90 |
Business Partner Capital |
| GRI 400: Social |
|
|
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 401: Employment 2016 |
|
|
| 401-1 |
New employee hires and employee turnover |
82 |
Employee Capital |
| 401-2 |
Benefits provided to full-time employees that are not provided to temporary or part-time employees |
84-85 |
Employee Capital |
| 401-3 |
Parental leave |
84 |
Employee Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 403: Occupational Health and Safety 2018 |
|
|
403-1 |
Occupational health and safety management system |
86 |
Employee Capital |
403-2 |
Hazard identification, risk assessment, and incident investigation |
86-87 |
Employee Capital |
403-3 |
Occupational health services |
– |
This information was not ready for the year in review and will be included in future reviews |
403-4 |
Worker participation, consultation, and communication on occupational health and safety |
– |
This information was not ready for the year in review and will be included in future reviews |
403-5 |
Worker training on occupational health and safety |
86-87 |
Employee Capital |
403-6 |
Promotion of worker health |
– |
This information was not ready for the year in review and will be included in future reviews |
403-7 |
Prevention and mitigation of occupational health and safety impacts directly linked by business relationships |
86-87 |
Employee Capital |
403-8 |
Workers covered by an occupational health and safety
management system |
– |
This information was not ready for the year in review and will be included in future reviews |
403-9 |
Work-related injuries |
87 |
Employee Capital |
403-10 |
Work-related ill health |
– |
There were no instances of work-related ill health during the year in review |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 404: Training and education 2016 |
|
|
| 404-1 |
Average hours of training per year per employee |
85-86 |
Employee Capital |
| 404-2 |
Programs for upgrading employee skills and transition assistance programs |
85-86 |
Employee Capital |
| 404-3 |
Percentage of employees receiving regular performance and career development reviews |
85-86 |
Employee Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 405: Diversity and equal opportunity 2016 |
|
|
| 405-1 |
Diversity of governance bodies and employees |
83 |
Employee Capital |
| 405-2 |
Ratio of basic salary and remuneration of women to men |
83 |
Employee Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 406: Non-discrimination 2016 |
|
|
| 406-1 |
Incidents of discrimination and corrective actions taken |
– |
No incidents of discrimination were reported |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 408: Child labor 2016 |
|
|
| 408-1 |
Operations and suppliers at significant risk for incidents of child labor |
– |
No operations and suppliers at significant risk for incidents of child labor reported |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 409: Forced or compulsory labor 2016 |
|
|
| 409-1 |
Operations and suppliers at significant risk for incidents of forced or compulsory labor |
– |
No operations and suppliers at significant risk for incidents of forced or compulsory labor reported |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
81 |
Employee Capital |
| 103-2 |
The management approach and its components |
81 |
Employee Capital |
| 103-3 |
Evaluation of the management approach |
81 |
Employee Capital |
| GRI 412: Human rights assessment 2016 |
|
|
| 412-2 |
Employee training on human rights policies or procedures |
85 |
Employee Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
93-94 |
Social and Environmental Capital |
| 103-2 |
The management approach and its components |
93-94 |
Social and Environmental Capital |
| 103-3 |
Evaluation of the management approach |
93-94 |
Social and Environmental Capital |
| GRI 413: Local communities 2016 |
|
|
| 413-1 |
Operations with local community engagement, impact assessments, and development programs |
95-97 |
Social and Environmental Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
90 |
Business Partner Capital |
| 103-2 |
The management approach and its components |
90 |
Business Partner Capital |
| 103-3 |
Evaluation of the management approach |
90 |
Business Partner Capital |
| GRI 414: Supplier social assessment 2016 |
|
|
| 414-1 |
New suppliers that were screened using social criteria |
90 |
Business Partner Capital |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
90 |
Business Partner Capital |
| 103-2 |
The management approach and its components |
90 |
Business Partner Capital |
| 103-3 |
Evaluation of the management approach |
90 |
Business Partner Capital |
| GRI 417: Marketing and labeling 2016 |
|
|
| 417-2 |
Incidents of non-compliance concerning product and service information and labeling |
– |
No incidents of non-compliance concerning product and service information and labeling reported |
| 417-3 |
Incidents of non-compliance concerning marketing communications |
– |
No incidents of non-compliance concerning marketing communications reported |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
72 |
Customer Capital |
| 103-2 |
The management approach and its components |
78-80 |
Customer Capital |
| 103-3 |
Evaluation of the management approach |
78-80 |
Customer Capital |
| GRI 418: Customer privacy 2016 |
|
|
| 418-1 |
Substantiated complaints concerning breaches of customer privacy and losses of customer data |
– |
No complaints of breaches of customer privacy and losses of customer data |
| GRI 103: Management approach 2016 |
|
|
| 103-1 |
Explanation of the material topic and its boundary |
60 |
Financial Capital |
| 103-2 |
The management approach and its components |
60 |
Financial Capital |
| 103-3 |
Evaluation of the management approach |
60 |
Financial Capital |
| GRI 419: Socioeconomic compliance 2016 |
|
|
| 419-1 |
Non-compliance with laws and regulations in the social and economic area |
60 |
Financial Capital |
