Boursa Kuwait Awarded Most Sustainable Company in Financial Services
Boursa Kuwait has been awarded the title of ‘Most Sustainable Company in the Financial Services Industry’ by World Finance magazine.
The national stock exchange operator was recognised for its efforts to raise awareness and foster the adoption of sustainable business practices, internally and throughout the wider capital market.
World Finance magazine’s Sustainability Awards program celebrates companies across the globe that place green values at the heart of their business operations.
This year’s selected winners are those who have shown true commitment to cutting emissions across their company’s entire value chain.
Among the companies recognized along with Boursa Kuwait were Saudi Aramco, Volkswagen Group, Turkish Airlines and Swisscom.
Boursa Kuwait strives to develop and enhance Kuwait’s capital market apparatus and its participants, by introducing internationally recognized products and services, and developing an improved market infrastructure, ensuring sustainable operations.
The company’s Corporate Sustainability (CS) strategy is a fundamental component of its overarching strategy, and it recognizes that sustainable operations and practices are becoming increasingly vital to both investors and issuers.
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Since 2017, when it joined the United Nations’ Sustainable Stock Exchange (SSE) initiative, the company has made a formal commitment to drive corporate sustainability in financial markets.
Boursa Kuwait can play a crucial role in achieving the overarching objectives of the nation’s ambitious roadmap by promoting corporate sustainability practices in capital markets and by creating an investment climate that can attract capital and encourage sustainable investments.
The company recognizes that it has a critically important role in the global transition to more sustainable economies and has been committed to ensuring that the market and its participants continue to stay up to date with the latest developments in capital markets worldwide.
Through contributions to the three pillars of “Education”, “Community” and the “Environment”, Boursa Kuwait aims to be responsible and committed to its sustainable development as well as the community in which it operates and promote the adoption of socially impactful practices.
On the heels of the ESG Disclosure Guide, the company published its first standalone Sustainability Report, which detailed its strategy, partnerships, and initiatives in the field of ESG reporting and implementation for the year 2021.
The company also began a major initiative to renovate its buildings and facilities, which contributed to decreasing energy and water outputs and reducing its carbon footprint.
As part of the renovations, Boursa Kuwait also signed with EnviroServe, the first electronics recycling company in Kuwait, to manage the recycling of the discarded screens, old computers as well as many other electronic devices.
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