Social Finance Framework
Transitioning to a more sustainable future is a collective effort, which will require substantial amounts of finance. We believe in collective action and consider financing at the core of our efforts to advance sustainability.
As a leading SME bank, we want to support our customers while generating positive societal impact and address social challenges. Our Social Finance Framework enables us to issue social finance instruments within the eligible categories.
How we work with Social Finance
Eligible categories
The eligibility criteria outlined in our Social Finance Framework are aligned with our broader ESG strategy and support United Nations Sustainable Development Goals (SDGs).
Our framework specifies two eligible categories, which are:
- Access to healthcare
- Employment generation
Reporting
We are committed to transparency and our Social Finance Framework forms the basis for tracking and reporting the allocated proceeds, as well as generating an impact report.
Updates on the progress against the social financing classifications based on this framework will be reported annually in a Social Finance Report and Socio-Economic Impact Report.
Bank on the go, anytime, anywhere
Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app
