KIPCO publishes its 2024 Sustainability Report
On this occasion, Ms Eman Al Awadhi, Group Senior Vice President – Corporate Communications and Investor Relations at KIPCO, said:
'We are delighted to release our fourth Sustainability Report, which highlights KIPCO's ongoing commitment to sustainable institutional practices. This report reflects our vision of aligning our business operations with corporate sustainability goals and embodies our efforts to enhance engagement across our Group to make a tangible and meaningful impact. We believe that the increased participation of our Group companies in sustainability practices is a step that strengthens our ability to meet future requirements responsibly and efficiently. It also serves to prepare our Group companies for the next phase of integrated corporate disclosure, in line with modern regulatory trends aimed at enhancing sustainability reporting for listed companies.'
The report reviews KIPCO's progress in implementing its sustainability strategy across its subsidiaries. This includes the formation of a Sustainability Task Force by the Sustainability Committee – a committee of the Board of Directors – comprising Group representatives to enhance coordination towards achieving common goals. The report also reflects an expansion in the scope of environmental disclosure to include both direct and indirect emission sources, thereby reinforcing transparency and promoting a comprehensive understanding of the environmental impact of the Group's activities.
Additionally, the report highlights the stability of resource consumption indicators across the company's operations, with relatively low rates of electricity, water and paper consumption. This demonstrates operational efficiency and confirms the limited direct environmental impact of the company's activities. The report also underscores various social initiatives, including the ENBAT program, which prepares fresh graduates for the labor market, and working with Loyac, which provided young women the opportunity to participate in a leadership program in the UK. In the area of empowerment, the report notes a female representation rate of 24.2% in senior management positions, 36.5% within the total workforce, and 20% in Board of Directors membership.
KIPCO affirms its commitment to continuously promote a sustainability culture at all levels, with a focus on achieving long-term value that positively reflects on shareholders and stakeholders, based on corporate responsibility, efficiency and transparency.
About KIPCO
Kuwait Projects Company (Holding) – KIPCO – is a holding company that invests in the Middle East and North Africa. Its strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for 35 years.
KIPCO's main business sectors are financial services, food, petrochemicals & oil services, media, real estate and education. It's financial service interests include commercial banking, asset management and investment banking.
The conversion rate used is US$1 to KD 0.30845
Further information:
Eman Al Awadhi
Group Senior Vice President
Corporate Communications & Investor Relations
Eman.Alawadhi@kipco.com
Meshari Al Duhaim
Senior Manager
Corporate Communications & Investor Relations
Meshari.Alduhaim@kipco.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
a few seconds ago
- Arabian Post
Agridence Acquires farmer connect to Deliver Unified Compliance and Traceability Solutions for Global Agriculture Supply Chains
The combined platform supports agribusinesses in meeting EU Deforestation Regulation (EUDR) and ESG requirements with end-to-end transparency across key commodities. SINGAPORE – Media OutReach Newswire – 19 August 2025 – Agridence Grp Holdings Pte. Ltd. ('Agridence'), a Singapore-based leader in digital agri-commodity supply chain solutions, announced its acquisition of farmer connect, a European compliance and traceability platform. This acquisition comes alongside Agridence's newly secured investment, enabling the company to build a unified offering that helps agribusinesses meet regulatory compliance and supply chain transparency requirements efficiently across multiple commodities. 'Agridence and farmer connect bring together complementary expertise—Agridence's deep upstream presence in Asia and farmer connect's strong downstream buyer compliance focus in Europe,' said Gerald Tan, CEO and Founder of Agridence. 'This augmented competency benefits Agridence's customers by providing access to a well-established EU-presence and gives farmer connect's customers sourcing access in Asia. We are now better positioned to help our customers navigate European regulations and demonstrate compliance through a trusted, end-to-end solution.' ADVERTISEMENT The combined platform offers: Compliance Tools: Polygon-level farm mapping, deforestation risk monitoring, and supply chain tracking aligned with EUDR and relevant ESG standards. End-to-End Visibility: Data tracking from producers through processing and export to support audit readiness and reporting needs. Multi-Commodity Coverage: Support for key commodities including coffee, cocoa, rubber, and palm oil. ESG Reporting: Automated data aggregation to facilitate regulatory and market reporting. 'This acquisition builds on the strong foundation we developed at farmer connect. I want to thank our talented team, the dedicated board, and Sucafina for their continued support, each of whom played a critical role in making this possible' said Stefano Rettore, Chairman of farmer connect. 'Many global agribusinesses, including large FMCGs, already use both farmer connect and Agridence platforms. Our clients have responded positively to this consolidation, recognizing that fewer platforms mean less complexity and greater efficiency. This merger unlocks new synergies and opportunities, enabling us to deliver even more value to the industry as it navigates growing compliance and sustainability requirements.' Following the acquisition, Agridence will maintain uninterrupted service for all existing farmer connect customers, while expanding the platform's capabilities and market reach. This integration combines the strengths of both companies, enhancing compliance and traceability solutions without affecting current ongoing business operations. Our unified platform remains dedicated to helping companies navigate evolving regulatory and sustainability challenges. Hashtag: #traceabilitysolutions #acquisitionnews #compliancesolutions #regulatorycompliance #agsupplychain The issuer is solely responsible for the content of this announcement. ADVERTISEMENT About Agridence Agridence is a Singapore headquartered agri-tech platform that digitises global agri-commodity supply chains to deliver end-to-end traceability, ESG compliance, and sustainability reporting. Our cloud-native, API-ready software combines AI analytics, geospatial mapping and mobile application data capture to monitor natural rubber, palm oil, cocoa, coconut and other crops end-to-end. Multinational companies, traders, processors and smallholders rely on Agridence to be compliant with the European Deforestation Regulation (EUDR), RSPO, GPSNR and other certification and assurance models. By embedding technology, trust and transparency at scale, we help the agri-commodity sector reduce deforestation risk and build resilient, low-carbon, socially responsible supply chains. The Agridence ecosystem unlocks: ● Real time supply chain transparency and chain-of-custody tracking ● Automated environmental, social and governance (ESG) risk analysis ● Smallholder onboarding and digital payment workflows ● API integrations with ERP, trading and certification systems By turning complex compliance into competitive advantage, Agridence helps enterprises de-risk sourcing, protect forests, and build a more resilient, sustainable agriculture ecosystem. Discover our agri-commodity compliance platform at email [email protected], or follow us on LinkedIn at About farmer connect farmer connect is a Swiss-based tech company that streamlines EUDR (EU Deforestation Regulation) compliance for companies across the agricultural supply chain. By centralising ESG data collection and automating Due Diligence Statement (DDS) generation, farmer connect ensures seamless integration with EU TRACES. Built for scale and automation, the platform connects effortlessly with multi-tiered ERP systems via APIs, significantly reducing manual effort and maintaining up-to-date compliance statuses. Designed for ease of use and end-to-end traceability, farmer connect enables businesses to streamline regulatory compliance, while promoting responsible sourcing and supply chain transparency and traceability.
Arabian Business
an hour ago
- Arabian Business
Saudi Arabia's Second Airports Cluster sees 10 per cent passenger growth and 43 per cent cargo surge in H1 2025
Saudi Arabia's Second Airports Cluster reported record results in the first half of 2025, with strong growth across passenger traffic, flights, and air cargo operations. Passenger numbers rose to 1.6m on international flights and more than 7m on domestic flights, compared with 1.47m international passengers and 6.96m domestic passengers in the same period of 2024 — a growth rate of 10.4 per cent. Flight activity also expanded, with 13,000 international flights, 58,200 domestic flights, and 8,000 private aviation flights, compared to 12,000 international, 55,000 domestic, and 7,600 private flights in H1 2024, reflecting overall growth of 7 per cent. Air cargo volumes surged 43.3 per cent year-on-year, reaching 730,000 kilograms in H1 2025. New and seasonal routes in Saudi Arabia The cluster launched new international routes, including: Abha–Doha, Taif–Alexandria, and NEOM Bay–London Gatwick. Seasonal flights included Tabuk–Trabzon, Qassim–Sarajevo, Trabzon–Rize-Artvin, Abha–Cairo, Al-Baha–Riyadh, Jeddah, and Dammam. Charter flights connected Taif with Tehran, Ahvaz, Khorramabad, and Baghdad, alongside additional services from Arar, Al-Qurayyat, and Qassim to support pilgrim travel. Saudi airports delivered smooth operations during the 2025 Hajj season through a 24-hour operational plan, with readiness for firefighting and emergency services. Field teams were deployed to serve pilgrims, while guidance services ensured smooth movement and simplified procedures across facilities. Saudi Arabia's second airports cluster highlights King Abdullah bin Abdulaziz International Airport received the Award for Excellence in Aviation Security Najran International Airport was named Best Airport in the Middle East (under 2m passengers) for 2024 Arar International Airport handled 59,449 passengers on 195 flights, supported by 1,276 buses for pilgrims Taif Airport operated 62 charter flights to and from Iran and Iraq Prince Naif bin Abdulaziz International Airport in Qassim managed nine cargo aircraft carrying 109,130 kilograms of goods The results highlight the growing role of Saudi Arabia's regional airports in enhancing connectivity, supporting tourism, and ensuring smooth operations for millions of passengers annually.
Zawya
2 hours ago
- Zawya
Oman to promote use of drones to maximise benefits
Muscat: bin Ali Al Nazwani, Undersecretary of the Ministry of Housing and Urban Planning for Housing, patronised the opening of the first edition of the Firnas Summit, at the St. Regis Al Mouj. With the participation of experts from the government, private and military fields and organised by the Ibn Firnas Drone Centre, the summit comes as part of Oman's efforts to promote the use of modern drone technologies and maximise their development benefits, while empowering start-ups to invest in promising technologies. Organising the summit is aligned with efforts to position Oman as a regional hub for the drone industry. The summit will become an annual platform to assess progress and showcase the latest innovations, opening broad horizons for the Omani economy in knowledge-based sectors, digital transformation, smart cities and artificial intelligence. It is worth noting that the Ibn Firnas Drone Center is the first specialised drone centre in the Sultanate of Oman, having carried out more than 200 practical projects in Oman, supplied the local market with over 1,000 drones, and logged more than 7,000 flight hours. The centre provides integrated solutions covering sales, maintenance, training, industrial applications and anti-drone/radar technologies, making it a comprehensive hub for drone technologies in Oman. The summit saw the first Middle East launch of the DJI Matrice 400 (M400) drone, produced by global UAV leader DJI, for which the official and exclusive agent in Oman is Ibn Firnas Drone Center. The event included a live demonstration of the aircraft and its capabilities in aerial surveying, 3D mapping, and its applications in urban planning, utilities, energy, telecommunications, agriculture and security. This is the first summit of its kind in Oman to keep pace with the Fourth Industrial Revolution and future technologies, particularly in the drone domain, offering an annual platform for innovation, cooperation and knowledge sharing between national institutions and global companies. The event supports Oman's position as a regional centre for knowledge and technology, while supporting Oman Vision 2040 goals for a diversified, innovation-driven economy. The summit featured technical working papers discussing practical drone applications in water and wastewater services, electricity, telecommunications and urban planning. Participants included the Ministry of Housing and Urban Planning, Nama Group and Omantel. Practical case studies were presented on how drones can raise service efficiency, reduce costs and accelerate delivery, helping improve quality of life and underpin smart city infrastructure. DJI, headquartered in Shenzhen, China, is the world's largest manufacturer of commercial drones, holding over 80% of the global market. The company has cemented its status as a leading reference in the sector through innovative solutions that have revolutionised public safety, smart agriculture, infrastructure and media. DJI's presence at the summit reflects its commitment to supporting the Omani market and expanding its regional footprint through strategic partnerships. Mohammed bin Abdullah Al Harthy, CEO of Ibn Firnas Drone Center (exclusive DJI agent in Oman), stated that the summit marks a turning point in building an integrated national drone ecosystem. He explained that the centre's role goes beyond equipment supply to becoming a key enabler of the sector through three main pillars, including Firnas Academy – the first academy licensed by the Civil Aviation Authority to train professional pilots and equip them with operational skills for civilian and military applications. Ferdinand Ma, Regional Partnerships Manager for DJI (Middle East and North Africa), said, 'Choosing Oman for the first Middle East launch of the Matrice 400 reflects the strong confidence we place in this promising market. Our official partnership with Ibn Firnas Centre enables us to deliver integrated solutions and underscores our commitment to supporting Oman as a regional hub for the drone industry. "The Firnas Summit is an ideal platform to exchange ideas about the future of this sector and to showcase advanced technologies that will support economic and knowledge development.' Ibn Firnas Drone Center is a specialist maintenance and technical support centre and the first dedicated drone maintenance hub in the Sultanate of Oman, providing comprehensive solutions to ensure continuity of operations at the highest levels of efficiency. The Firnas Innovation Lab serves as a research and development arm focused on producing locally developed AI-powered software solutions tailored to the needs of the local and regional markets. The summit concluded with a panel discussion bringing together the CEO of Ibn Firnas, representatives of DJI and the Civil Aviation Authority, where views were exchanged on the future of the drone industry and prospects for its regulation and deployment in support of development. © Muscat Media Group Provided by SyndiGate Media Inc. (
