Latest news with #EmanAlAwadhi
Kuwait Times
23-06-2025
- Business
- Kuwait Times
KIPCO's report outlines achievements, progress
'We are preparing our companies for integrated corporate disclosure & sustainable institutional practices,' says Group SVP KUWAIT: KIPCO – Kuwait Projects Company (Holding) – published its 2024 Sustainability Report. This is the company's fourth report and is in line with the Global Reporting Initiative (GRI), taking into account national and international sustainability frameworks. The report outlines KIPCO's achievements and progress in the environmental, social and governance (ESG) areas for the year 2024. On this occasion, 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 percent in senior management positions, 36.5 percent within the total workforce, and 20 percent 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.
Zawya
22-06-2025
- Business
- Zawya
KIPCO publishes its 2024 Sustainability Report
Kuwait City: KIPCO – Kuwait Projects Company (Holding) – published its 2024 Sustainability Report. This is the company's fourth report and is in line with the Global Reporting Initiative (GRI), taking into account national and international sustainability frameworks. The report outlines KIPCO's achievements and progress in the environmental, social and governance (ESG) areas for the year 2024. 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 Meshari Al Duhaim Senior Manager Corporate Communications & Investor Relations
Zawya
21-04-2025
- Business
- Zawya
KIPCO renews its partnership with Loyac for third year
Kuwait City: KIPCO – Kuwait Projects Company (Holding) – announced the renewal of its partnership with Loyac, a non-profit organization that aims to empower youth to become impactful leaders in society, for the third consecutive year. The partnership allows KIPCO to continue to sponsor the '7 Habits for Highly Effective Teens' program sessions offered to young people between the ages of 12 and 18. The '7 Habits' is a Franklin Covey Education program. The goals of this life empowerment program include increasing self confidence and self-esteem, being responsible, defining one's values, recognizing and prioritizing goals and resisting peer pressure. As part of the partnership, KIPCO will also sponsor a 'Leadership Retreat' for teenagers to the UK at the end of the year. The retreat will incorporate the '7 Habits' workshop, together with activities that reinforce teamwork and leadership, fostering personal independence and building connections with peers. Ms Eman Al Awadhi, KIPCO's Group Senior Vice President – Corporate Communications and Investor Relations, said: 'Our ongoing collaboration with Loyac has continued to yield impactful results for youth leadership development. Over the past year, we have collectively inspired and equipped close to 150 young individuals to realize their potential. We are excited to extend our partnership for yet another year, with a renewed commitment to not only developing future leaders but also placing an increased emphasis on empowering young girls and fostering inclusive opportunities. Together, we aim to create a brighter future where every young person can thrive.' On her part, Ms Abeer Al Essa, Loyac's Executive Board Member and the Finance & Admin Manager, said: 'We are thrilled to renew our partnership with KIPCO for another year, as we continue our shared mission of empowering young people and cultivating the leaders of tomorrow. Building on the successes of our previous initiatives, we remain dedicated to the principles of the '7 Habits of Highly Effective People', which guide our training and development efforts. Together with KIPCO, we look forward to making a lasting impact on the lives of young leaders in our community.' During 2024, close to 150 teens, college students and community workers who support young people have had the opportunity to participate in the '7 Habits' program. The '7 Habits' workshops focus on habits of effectiveness in young people, with the objective of improving student performance, reducing conflicts, enhancing cooperation and teamwork. It also helps the participants develop new skills through tools that help each individual excel.
