Renewable energy, environmental protection and rationalization of water consumption are now considered to be among the most important roles that Jordan Islamic Bank plays in the social, economic and developmental responsibility field.
The strategic sustainability plan by Jordan Islamic Bank aims to rely on renewable energy for 50% of the bank’s consumption, in order to protect the environment and reduce its any negative impact.
In 2013, the bank started taking advantage of generating electric power using solar cells, using the spaces on the rooftops of its branches with the aim that Jordan Islamic Bank will be the first Jordanian bank to introduce renewable energy to its business.
In 2018, a power generation plant was founded in the bonded center to generate electricity from solar energy. The station covers a significant part of the central governances’ (Amman, Zarqa, Madaba, Salt) branches and offices electrical consumption, with a generation capacity of 2.7 MWP and at a cost of about JD 1.5 million. In March 2021, Theban/Madaba station was established and operated to enhance the generating capacity of electric power, with a capacity of 936.0 KWP and at a cost of JD 807,000, increasing the number of branches and offices benefiting from the solar energy system to 59 branches and offices, in addition to head office Buildings and Bonded center.
The bank replaced the traditional lighting units in its branches and offices with energy-saving lighting units (LED) which reduces the negative effects resulting from human exposure to lighting and saves about 35% of the value of lighting consumption of electricity annually, and the bank continues to install more of these units. The bank also uses central air conditioning systems powered with a Variable Refrigerant Flow “VRF” system, saving electricity by up to about 25% compared to other air conditioning systems. These systems are now installed in 56 branches and offices as well as the Head Office buildings and one of the affiliated companies.
In view of Jordan’s suffering from the scarcity of its water resources, the bank started in 2015 to install supplies to save and rationalize water consumption in the head office, all branches and offices, three investment complexes and one of its affiliated companies.
