Financial Institutional Excellence · FIE Musrefy Award 2026
Sustainability, Resilience & Institutional Impact Award
Honours sustainable performance, operational resilience and economic and social impact.
How this award is scored
- Evaluation
- 100% automatic, from the data and evidence you submit
- Minimum score to win
- 70 / 100
- Measurement period
- The full financial year 2025 (or the latest financial year completed before nominations open); growth is measured against financial year 2024
Who can apply
- A licensed financial institution with a financing, investment or insurance portfolio (bank, insurer, asset manager, finance company or development finance institution), since the sustainable finance indicator does not apply to regulators and public bodies, which have their own categories
- Operating for at least 3 years before the start of the measurement period
- No material regulatory or judicial sanction against the entity during the measurement period
Indicators and weights
-
15%
Sustainability report
Level of the sustainability report published for the measurement year
Points
- Report under GRI or IFRS S1/S2 with independent external assurance100
- Report under the standards without external assurance60
- Sustainability section in the annual report only30
- None0
Evidence
Report link and the external assurance letter where available
-
20%
Sustainable finance share
Outstanding green, social and sustainability-linked financing or investment (loans, sukuk or bonds under a recognised taxonomy) as a percentage of the total portfolio at year end
Points
- 10 – < 100 % 100
- 5 – < 10 % 80
- 2 – < 5 % 50
- 0 – < 2 % 20
Evidence
The entity’s sustainable finance framework and the classified portfolio list, with a second-party opinion where available
-
15%
Reduction in operational emissions intensity
Percentage fall in scope 1 and 2 emissions per employee in 2025 versus 2024 (a negative value means an increase)
Points
- 10 – < 100 % 100
- 5 – < 10 % 70
- 0 – < 5 % 40
- -100 – < 0 % 10
Evidence
Greenhouse Gas Protocol emissions inventory for both years
-
15%
Tested business continuity
Level of the business continuity management system and its testing during the year
Points
- Valid ISO 22301 certificate and a full recovery test of critical systems during the year100
- Full recovery test of critical systems without certification60
- Approved plan without a full test20
- None0
Evidence
Certificate and approved recovery test report
-
10%
Recovery time objectives met
Share of critical services restored within their approved recovery time objective in the year’s tests
Points
- 99 – < 100 % 100
- 90 – < 99 % 80
- 70 – < 90 % 50
- 0 – < 70 % 20
Evidence
Recovery test results for each critical service
-
10%
Community investment
Total spending on community programmes and documented donations as a percentage of pre-tax profit; if pre-tax profit is zero or negative, as a percentage of total operating income multiplied by five
Points
- ≥ 2 % 100
- 1 – < 2 % 80
- 0.5 – < 1 % 50
- 0 – < 0.5 % 20
Evidence
Audited financial statements with the community responsibility note
-
15%
Women in senior management
Women as a percentage of leadership and senior management roles (the CEO, direct reports and assistant general manager level and above) at year end
Points
- 30 – < 100 % 100
- 20 – < 30 % 80
- 10 – < 20 % 50
- 0 – < 10 % 20
Evidence
Approved organisation chart and HR list of leadership roles
Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.
Cycle timeline
-
Done
Nominations open
-
Upcoming
Nominations close
-
Upcoming
Judging starts
-
Upcoming
Judging ends
-
Upcoming
Results announced
Times are in Asia/Riyadh (UTC+03:00).
Results
Results are announced only after final approval.