31 October 2024

Boursa Kuwait: Driving ESG and CSR across the capital markets

Naser AlSanousi of Boursa Kuwait underlines how the stock exchange continues to be a paragon of excellence in the areas of Corporate Sustainability and ESG

For the second year in a row, I am proud to announce that Boursa Kuwait has been recognised by The European for our exceptional achievements in Corporate Sustainability, and for our environmental, social, and governance (ESG) metrics implementation and reporting. This recognition is a testament to our unwavering commitment and constant efforts to enhance operations in these crucial areas. Over the years, we have remained steadfast in implementing our overarching ESG initiatives, all of which stem from our well-crafted Corporate Sustainability strategy, which has been instrumental in positioning Boursa Kuwait at the forefront of the financial scene.

Our initiatives have focused on two key pillars: community engagement, and environmental responsibility, as we believe deeply in making a lasting and impactful change in the community in which we operate. Over the past few years, Boursa Kuwait has acted as a pioneer in this respect, setting an example for other listed companies and businesses within Kuwait’s growing private sector.

Sustaining a positive impact

At the heart of our Corporate Sustainability strategy is the goal of ensuring that our initiatives align with corporate social responsibility (CSR) standards, industry best practices, and investor expectations. We strive to create strong and sustainable partnerships that leverage the capabilities and strengths of other companies and organisations, integrating sustainability efforts into the very fabric of our company culture. This approach ensures that our impact is long-lasting and that our sustainability efforts are carried forward in the day-to-day operations of the stock exchange.

In addition, Boursa Kuwait has been acknowledged for our corporate governance achievements. We have consistently implemented governance practices that align with our strategic goals, mission, and vision. Since its establishment, Boursa Kuwait been committed to upholding the highest standards of governance, ensuring fair, objective, and transparent operations to protect the interests of our shareholders, investors, and the companies we list and license. A commitment to good governance is fundamental to sustaining any business, and we are proud to be recognised for our efforts in this area.

We are also dedicated to promoting the highest standards of corporate governance both internally and within the wider capital market, aiming to foster an investment climate in Kuwait that attracts a diverse range of participants. Our strategy is geared toward developing greater transparency and solvency across the capital markets through various enhancements, regulatory projects, and technological advancements. This approach is designed to raise the capital market’s profile locally, regionally, and globally.

Boursa Kuwait is a trusted and respected entity within the global financial community, and we continue to pave the way for sustainable growth. Our unwavering dedication to responsible business practices plays a crucial role in shaping a brighter and more sustainable future for Kuwait and beyond. I am honoured to be part of this journey and look forward to continuing our work in advancing sustainability and governance in the years to come.

About the author
Naser AlSanousi is Senior Director of Marketing and Corporate Communication at Boursa Kuwait.

Further information
www.boursakuwait.com.kw



Main image: The Boursa Kuwait team at ‘Ring the Bell for Women’s Empowerment’ – a global initiative for International Women’s Day. Dalal Jafaar Behbehani (centre), is the first female Board member in Boursa Kuwait’s history

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