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GULF ONE INVESTMENT BANKS' CORPORATE SOCIAL
RESPONSIBILITY
Corporate Social Responsibility (CSR) to Gulf One our set of corporate
principles: our responsibilities: our way to ensure open and transparent
business practices based on ethical values and respect for the community,
employees, the environment, shareholders and other stakeholders. It is designed
to deliver sustainable value to the society at large.
For Gulf One, CSR involves
more than embedding responsible banking into our daily activities, it is
about communicating the banks actions to its stakeholders and encouraging
feedback to ensure a dynamic and relevant CSR vision.
With our fundamental
business principles of collaboration, partnership, and mutual success for
all our relationships, our success is measured, not just in the returns we
generate for our shareholders, but in the quality and depth of our
relationships and the benefit to the economy as a whole.
Our CSR goes beyond
compliance to laws: it is about the spirit and intention and excellence of
execution.
With passion and performance, Gulf One Investment Bank is committed to creating
value for shareholders, customers, staff and society.
Vision x Action = Prosperity
The Banks CSR Framework has four focal areas
of CSR practice. These are:
1. The Community
The Bank lives with the community in
harmonious, symbiotic relationship. Therefore supporting our employee’s
involvement in community issues enriches both the community and the bank.
Supporting education is a key focus for the bank.
Education
+ Excellence = Superior Skills x Value-Added Jobs
2.
The Market Place
The Marketplace is where we find important
stakeholders – our shareholders, suppliers, and customers. The bank
interacts responsibly with this group in a number of ways, such as assisting
the GCC to develop some of the regions structural issues, or by displaying
the highest standards of Corporate Governance to exceed shareholder
expectations.
Structuring our Capital Markets for Greater
Sustainable Development
3. The Market Place
We draw our employees from society and so
everything we do with our staff needs to be socially responsible, whether we
are dealing with basic human rights or gender issues. A quality work
environment and health & safety are obvious considerations, as is the way in
which, if we believe in CSR, we instill in our employees the values which
the bank holds high.
Employee involvement and volunteerism will be
high on our priority list. On a longer term basis, we are looking at the
adoption of triple bottom-line and incorporating a CSR statement into our
Annual Report. Our Infrastructure Business will also focus on the
development of ethically and socially responsible investment funds, and in
the future may look at developing socially responsible indices.
Gulf One moves to facilitate the
emergence of international standards in financing industrial and
infrastructure investments
4. The Environment
When looking at the environment, CSR can
focus on a variety of issues. We all of us worry about energy, how to use it
more efficiently and how to reduce the way its emissions damage the climate.
Protecting our flora and fauna is essential.
Quality
of Health = Quality of Life
As you can see, Gulf One Investment Bank has
commenced our CSR journey. We intend to make it an integral part of the way
we function as a business and of the process of planning and mapping to our
future strategies. We encourage all companies to join us.
We must have the wisdom and courage to look
at our CSR responsibilities as more than a framework, more than a guide, but
as a set of principals for life. We will all need to change and prioritize,
validate what works best for our business, for society and the environment,
but most of all we need to be committed to the path we take. Gulf One’s
commitment and understanding of the culture, the region and its people will
enable us to deliver only the exceptional.
Our vision is to challenge the Investment
banking sector and mobilize investments towards supporting GCC government’s
strategy in building up the capacity needed for long term regional economic
prosperity.
Our mission is to assist the GCC, its economy
and, most importantly, its people, to move forward and onto new horizons of
prosperity.
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