
KIPCO Group companies organize blood donation drive on World Donor Day
KUWAIT: For the second consecutive year, Kuwait Projects Company (Holding) - KIPCO, Kamco Invest, United Real Estate Company (URC), and United Facilities Management (UFM) came together to organize a blood donation drive in collaboration with the Kuwait Central Blood Bank, under the theme "Be the Reason". The campaign reflects a powerful message that by choosing to donate blood, each individual has the power to be the reason someone heals, survives, or finds renewed hope. This initiative was held in occasion of World Blood Donor Day, which takes place annually on June 14. Building on the success of last year's campaign, this initiative reflects the group's continued dedication to corporate social responsibility and collective action that delivers sustainable community impact.
Hosted at the Chairman's Club on the 54th floor of KIPCO Tower, the drive witnessed strong engagement from employees across all participating companies, reinforcing a shared culture of collaboration and social solidarity. The initiative aligns with the strategic direction of KIPCO Group companies in integrating Environmental, Social, and Governance (ESG) principles into their operations. By actively supporting public health through meaningful initiatives, the group demonstrates its ongoing commitment to sustainability and community well-being. This campaign reaffirms the power of unified efforts between sister companies and healthcare partners in driving real, lasting change.
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Kuwait Times
a day ago
- Kuwait Times
KIPCO reports a net profit of KD 10.2 million for H1 2025
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Kuwait Times
04-08-2025
- Kuwait Times
Boubyan Bank releases 2024 Annual Sustainability Report
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Prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards 2021, this report incorporates additional frameworks such as the Sustainability Accounting Standards Board (SASB), and International Financial Reporting Standards (IFRS) S1 and S2, thus reinforcing the bank's unwavering dedication to transparency, solid governance, and creating sustained value for stakeholders, and ultimately supporting Kuwait's goals in achieving sustained development. In his message, Dr Bader Saad Al-Hashel, Boubyan Bank's Chief Risk Officer, stated: 'At Boubyan, we believe that governance is more than just an organizational framework; rather, it is an ongoing commitment that reinforces equality, transparency, and integrity in all our practices. We continue safeguarding shareholders' rights, and ensure effective engagement of all stakeholders, thus reflecting our commitment to offering sustainable value on the long run.' He went on to add: 'Our commitment to governance extends to adoption of the best disclosure and transparency standards in our information and risk management practices, while focusing on building an operational environment that boosts the bank's resilience and its ability to perform. Hence, we always stress that such practices stand as a key pillar for achieving our sustainability goals, as we endeavor to reinforce the bank's core business and improve our customer satisfaction levels in order to offer the best service levels.' Khaled Al-Haqqan Sustainability Report 2024 'Boubyan continues to build a diverse work environment to implement inclusion and equality standards, providing equal opportunities for all talents. Investing in human capital is a key pillar for ensuring business sustainability and strengthening the bank's ability to adapt to future changes with stability and resilience', Al-Hashel emphasized. 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He went on to add: 'We were keen to develop environmental sustainability implementation tools in line with international standards that we have successfully translated into real-world initiatives such as the installation of electric vehicle charging stations and scaling up our recycling efforts, in addition to adopting smart solutions to reduce resource consumption, along with a number of impactful community initiatives and programs that reinforce Boubyan's role in the society across various segments. These steps will contribute to building a more environmentally aware and responsible banking future.' Environmental sustainability Within efforts to preserve the environment, the bank achieved 100 percent recycling of paper waste, advancing efforts to measure and reduce generated waste in line with well-devised approaches. The bank further avoided 34.16 tons of greenhouse gas (GHG) emissions, as part of its efforts to lower its carbon footprint. The bank maintained its support of transformation to green energy in order to preserve the environment by installing 22 electric vehicle charging stations at Boubyan HQ in Kuwait, highlighting the bank's vision to promote environmental awareness and commitment to sustainability. Inclusiveness and diversity to support human resources Speaking of human capital, the report highlighted Boubyan's keenness to ensure high employee engagement and satisfaction as high as 100 percent, while increasing female representation to 25 percent of the total workforce to foster a diverse and inclusive work place. Moreover, within the bank's efforts to support inclusion, the bank hired a number of employees with special needs, in addition to continuing to increase Kuwaitization rates which now stand at 81 percent across general employment grades, and exceed 75 percent at leadership levels, thus reinforcing the bank's commitment to boosting and developing national leadership. 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Kuwait Times
30-07-2025
- Kuwait Times
NBK achieves top-tier ESG ratings across MENA region
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These agencies assess companies across a range of criteria—including environmental impact, social responsibility, and corporate governance—to provide stakeholders and investors with transparent, data-driven insights into organizational performance. High ESG ratings not only promote accountability but also guide capital allocation and investment decisions, reflecting how well highly rated companies are positioned for long-term resilience and responsible growth. Commenting on NBK's achievement, Amir Hanna, Group Chief Communications Officer at NBK, stated: 'NBK's recognition through these prestigious ratings underscores its growing focus on championing sustainable finance and reinforcing sustainability risk management across the region. It also serves as a global testament to its sustained success. The Bank continues to make significant strides in integrating ESG principles into its corporate culture and operational framework, firmly establishing sustainability as a foundational pillar of its strategic agenda. Hanna highlighted that these ratings reflect NBK's continued momentum in implementing its comprehensive ESG strategy, which is anchored in four strategic pillars: Governance for Resilience, Responsible Banking, Capitalizing on our Capabilities, and Investing in our Communities. These pillars serve as a roadmap for integrating sustainability across the Bank's operations and delivering long-term value to shareholders, clients, employees, stakeholders, and the broader society. He further emphasized that NBK's growing commitment to sustainable finance remains a cornerstone of its progress in ESG governance. He also noted that the Bank's vision for sustainability extends well beyond its internal ecosystem, reflecting a steadfast commitment to community development. Across the markets in which it operates, NBK continues to drive meaningful impact, particularly through its focus on education, healthcare, youth empowerment, and expanding access for all segments of society to benefit from its initiatives. Green bonds NBK's landmark issuance of the first Green Bonds by a Kuwaiti institution in 2024, valued at $500 million, stands as a clear testament to the strong confidence investors place in the Bank, as well as the alignment of its sustainability strategy with international standards for transparency and accountability. Through its Green Bond Allocation and Impact Report, NBK provided clear and credible insights into the deployment of proceeds, which were directed toward initiatives such as renewable energy, green buildings, and clean transportation—delivering tangible environmental outcomes including lower carbon emissions and enhanced energy efficiency. Measuring the bank's carbon footprint In addition to financing sustainable projects, NBK has aligned its operations with key international climate frameworks. It became the first bank in Kuwait to sign the Partnership for Carbon Accounting Financials (PCAF), a major step in measuring and disclosing the carbon footprint of its lending and investment portfolios. The Bank also continues to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), embedding climate-related considerations into its governance structures, risk management, and strategic decision-making and has recently published its first TCFD report. In terms of NBK's environmental footprint, a target was set to reduce 25 percent of the Bank's operational emissions by 2025. As of 2024, NBK exceeded this target with a 28.3 percent reduction in operational emissions. A comprehensive framework NBK's commitment to sustainability is further reinforced by the implementation of a comprehensive Environmental and Social Risk Management (ESRM) framework, which integrates ESG considerations into to the Bank's risk management practices. This framework plays a critical role in identifying and mitigating environmental and social risks not only in credit assessments but also in project financing, investment decisions, and client engagement. By embedding ESG principles into its risk management and governance processes, NBK ensures that its activities consistently align with sustainable development objectives and uphold the highest standards of responsible banking. Equity & inclusion On the social and governance fronts, NBK has made significant strides in fostering an inclusive and equitable corporate culture. Through the publication of its Diversity, Equity & Inclusion (DE&I) Statement, NBK reaffirmed its pledge to build a diverse workforce and promote inclusive leadership. NBK continues to lead in championing women's empowerment through targeted leadership programs, most notably NBK RISE, a dedicated initiative designed to support the advancement of women in leadership roles. Moreover, the Bank continues to reinforce its commitment through mentorship opportunities, and inclusive workplace polices, solidifying its position as a regional model for the best-in-class organizational practices. By embedding ESG principles into the heart of its corporate strategy, NBK continues to enhance its resilience, elevate risk management, and unlock new opportunities for sustainable growth. The Bank's progress reflects not just adherence to global standards, but a proactive drive to lead the financial sector's transition toward a more sustainable and inclusive future. Looking ahead, NBK remains committed to advancing its ESG performance through innovation, transparency, and stakeholder engagement. It will continue to invest in sustainable solutions, adopt evolving international frameworks, and champion environmental and social progress across the region. With strong governance foundations, measurable impact, and a forward-looking approach, NBK is not only setting new benchmarks in sustainable finance but also shaping the regional ESG landscape for generations to come. •NBK's sustainability vision extends beyond its internal ecosystem to encompass the broader communities across the markets it serves •The latest ESG ratings underscore the Bank's expanding regional influence in advancing sustainable finance and reinforcing sustainability risk management practices •These recognitions serve as a global endorsement of NBK's significant strides in embedding ESG principles within its corporate culture and day-to-day operations •MSCI upgraded the Bank's rating from 'BBB' to 'A' •Morningstar Sustainalytics revised its risk assessment of NBK from 'Medium' to 'Low Risk'