Media Center

Riyad Bank proudly announces its membership in the Partnership for Carbon Accounting Financials (PCAF), becoming the first bank in Saudi Arabia to join this prestigious global initiative. This milestone underscores the bank’s commitment to environmental sustainability and aligns with Saudi Vision 2030 and the Saudi Green Initiative.
PCAF is a leading international collaboration that enables financial institutions to measure, disclose, and reduce greenhouse gas (GHG) emissions associated with their lending and investment portfolios. By joining this initiative, Riyad Bank takes a significant step toward enhancing climate transparency, integrating sustainable finance practices, and supporting the transition to a low-carbon economy.

The Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 500 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.

This achievement reflects Riyad Bank’s broader sustainability strategy, reinforcing its role as a key financial institution driving responsible banking and sustainable growth in Saudi Arabia and beyond.


About the Partnership for Carbon Accounting Financials (PCAF)
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 500 financial institutions have subscribed to the PCAF initiative. PCAF participants work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions of their loans and investments. For more information see https://carbonaccountingfinancials.com/ 


About Riyad Bank
Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. With more than 5,700 employees, Riyad Bank takes pride in being among the Saudi organizations with the highest national employment rate of 96%. 28% of them are women.

Riyad Bank provides a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises.  It plays a leading role in various areas of finance and investment around Saudi Arabia, that is why Riyad Bank is distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s mega projects.

 Riyad Bank offers innovative and remarkable financing solutions through a network of 224 licensed branches, and more than 255,442POS, in addition to more than 1,830 ATMs well distributed in strategically located throughout the Kingdom.

Since the global expansion is essential for some of Riyad Bank customers outside the Kingdom, a branch in London and office in Houston (USA) and a Representative Office in Singapore, help 
in supporting the international 
banking needs of such customers.

Our electronic banking services 
(web-based and mobile 
applications) use the latest 
electronic technologies to 
address the banking needs of  our customers with utmost ease, 
convenience and security.


Our Values
•We Care
•We Win
•We are One Team