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Financial Institutional Excellence · FIE Musrefy Award 2026

Sustainability, Resilience & Institutional Impact Award

Honours sustainable performance, operational resilience and economic and social impact.

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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

  1. Sustainability report

    Level of the sustainability report published for the measurement year

    15%

    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

  2. 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

    20%

    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

  3. 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)

    15%

    Points

    • 10 – < 100 % 100
    • 5 – < 10 % 70
    • 0 – < 5 % 40
    • -100 – < 0 % 10

    Evidence

    Greenhouse Gas Protocol emissions inventory for both years

  4. Tested business continuity

    Level of the business continuity management system and its testing during the year

    15%

    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

  5. Recovery time objectives met

    Share of critical services restored within their approved recovery time objective in the year’s tests

    10%

    Points

    • 99 – < 100 % 100
    • 90 – < 99 % 80
    • 70 – < 90 % 50
    • 0 – < 70 % 20

    Evidence

    Recovery test results for each critical service

  6. 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

    10%

    Points

    • ≥ 2 % 100
    • 1 – < 2 % 80
    • 0.5 – < 1 % 50
    • 0 – < 0.5 % 20

    Evidence

    Audited financial statements with the community responsibility note

  7. 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

    15%

    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

  1. Done

    Nominations open

  2. Upcoming

    Nominations close

  3. Upcoming

    Judging starts

  4. Upcoming

    Judging ends

  5. Upcoming

    Results announced

Times are in Asia/Riyadh (UTC+03:00).

Results

Results are announced only after final approval.

Finalists and winners will appear here once the results have been approved and published.