Corporate Social Responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders.
Since its inception, Mashreq has been actively involved in many activities that give back to the community it operates in. across all its regional offices of UAE, Qatar, Bahrain, Kuwait or Egypt, Mashreq prides itself in demonstrating socially responsible actions which positively impact the community. Mashreq's Corporate Social Responsibility philosophy is "the integration of stakeholders' and customer's society, community and environment into a company's business operations."
Though in its nascent stages of formulating a structured framework of a sustainable model, the organization has been proactive in implementing some fundamental parameters in the marketplace, preserving the environment, developing corporate governance, supporting philanthropy and helping promote the right to education across all levels of society, among others.
Over the years, the organization has successfully contributed to as well as participated in the improvement of many aspects of the community such as education, sports, arts and culture and humanitarian activities which has helped the institution gain better insights to focus on social and environmental issues. Identifying the right causes has given way to new opportunities for Mashreq to support NGOs in a win-win situation that benefits everyone. The CSR program was officially launched on 22nd June 2011, managed by CSR & Internal Communications Unit within the bank, supported by Emiratization HR Unit & UAE National Learning & Development Unit member.
Financial Literacy - Being a full service financial institution that offers conventional as well as Sharia'h compliant solutions, we have made special headway in the education segment through initiatives collaborating with educational bodies such as, Higher Colleges of Technology (HCT), creating interactive workshops at schools, colleges and universities on importance of securing better financial status, empowering young entrepreneurs in building and nurturing their new found businesses to providing scholarships to deserving students with financial difficulties. There is a committee which identifies the causes and charitable organizations which creates partnerships with colleges to further contribute in this area.
There are four categories in the Sustainability model
Association with Dubai Chamber
Mashreq is the one of the three companies have received the accreditation by The Dubai Chamber for the 2nd consecutive year.
Milestones in the CSR journey
Mashreq Bank has many partnerships
Since its inception, Mashreq has been actively involved in many activities that give back to the community it operates in