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Corporate Social Responsibility

BLF, a pilot organization in the uptake and use of ISO 26,000 guidelines

Banque Libano-Française (BLF) was selected in 2013 by LIBNOR (The Lebanese Standards Institution, attached to the Lebanese Ministry of Industry) amongst several applicants to participate, as a pilot organization, in the uptake and use of ISO 26,000 guidelines, an International Standard providing organizations with guidance concerning Social Responsibility (SR).

By following ISO 26,000 principles, Banque Libano-Française aims at further integrating Social Responsibility in its behaviors, business operations, and interactions with all stakeholders.

Within the framework of this project, BLF has so far conducted a Gap Analysis tackling 7 core subjects: Organizational Governance, Human Rights, Labor Practices, Environment, Fair Operating Practices, Consumer Issues and Community involvement and development. The Bank has moreover conducted a stakeholder survey on CSR expectations and is currently working on developing an action plan to integrate the non addressed issues as well as stakeholder expectations in its operations.

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