Kuwait Metropolis – Boursa Kuwait has been awarded the title of ‘Most Sustainable Firm within the Monetary Providers Business’ by World Finance journal, who acknowledged the nationwide inventory alternate operator’s efforts to lift consciousness and foster the adoption of sustainable enterprise practices, internally and all through the broader capital market.

World Finance is a print and on-line journal offering complete protection and evaluation of the monetary business, worldwide enterprise and the worldwide economic system concentrating on an viewers of finance professionals in addition to company and personal buyers. The journal’s Sustainability Awards program celebrates corporations throughout the globe that place inexperienced values on the coronary heart of their enterprise operations. This yr’s chosen winners are those that have proven true dedication to slicing emissions throughout their firm’s total worth chain. Among the many corporations acknowledged together with Boursa Kuwait have been Saudi Aramco, Volkswagen Group, Turkish Airways and Swisscom.

Since its inception, Boursa Kuwait has prided itself on being a progressive monetary companies firm that strives to develop and improve Kuwait’s capital market equipment and its contributors, whether or not by way of introducing internationally acknowledged services and products, creating an improved market infrastructure, or making certain that enterprise operations are sustainable over the brief, medium, and long-term.

The corporate’s Company Sustainability (CS) technique is a elementary part of its overarching technique, and it acknowledges that sustainable operations and practices have gotten more and more important to each buyers and issuers. Since 2017, when it joined the United Nations’ Sustainable Inventory Trade (SSE) initiative, the corporate has made a proper dedication to drive company sustainability in monetary markets.

Because the operator of the nation’s inventory alternate, Boursa Kuwait can play an important function in attaining the overarching aims of the nation’s bold roadmap by selling and advancing company sustainability practices in capital markets and by creating an funding local weather that may entice capital and encourage sustainable investments. The corporate acknowledges that it has a critically essential function within the world transition to extra sustainable economies and has been dedicated to making sure that the market and its contributors proceed to remain updated with the newest developments in capital markets worldwide.

By means of contributions to the three pillars of “Training”, “Neighborhood” and the “Atmosphere”, Boursa Kuwait goals to be accountable and dedicated to its sustainable improvement in addition to the neighborhood by which it operates and promote the adoption of socially impactful and accountable practices within the surrounding communities.

In 2021, the corporate continued to associate and collaborate with native and worldwide organizations on initiatives that correspond to every pillar. Within the “Neighborhood” pillar, Boursa Kuwait continued to present again to the neighborhood by which it operates, partnering with the United Nations Excessive Fee for Refugees, the Kuwait Purple Crescent Society, and the Kuwait Affiliation for the Care of Youngsters in Hospital to assist every group’s numerous initiatives within the areas of training and refugee safety and security. The corporate additionally rang the bell for girls’s empowerment in collaboration with the United Nations on Worldwide Ladies’s Day for the fifth consecutive yr, to lift consciousness to the empowerment of girls financially in addition to highlighting the important thing function the sector performs in assist of the Ladies’s Empowerment Rules (WEPs) to attain the United Nations’ Sustainable Growth Targets (SDGs).

As a part of the Training pillar, which goals to nurture a brand new technology of well-informed and competent retail buyers and securities professionals, the corporate collaborated with the CFA Society and Kuwait College to reinforce Boursa Academy On-line and launch new, partaking and academic content material, in an effort to extend consciousness and engagement with the investor neighborhood.

Boursa Kuwait additionally held a number of digital company days in 2021, in collaboration with HSBC and Goldman Sachs, and hosted the ‘Boursa Kuwait ESG Views Webinar,’ which sought to assist listed corporations assess their readiness to adjust to the ESG metrics, and to have a greater understanding of the brand new ESG Reporting Information, which helps assist listed corporations to report on Environmental, Social, and Governance (ESG) points, and to satisfy the rising wants of assorted stakeholders, together with buyers, clients, suppliers, and regulators for clear and common data.

Moreover, on the heels of the ESG Disclosure Information, the corporate printed its first standalone Sustainability Report, which detailed its technique, partnerships, and initiatives within the subject of ESG reporting and implementation for the yr 2021. Apart from these guides and experiences, the corporate lately partnered with the United Nations Growth Programme (UNDP) on a workshop to assist increase consciousness of one of the best requirements and practices for the reporting and implementation of ESG metrics, making certain that they’re aligned with the corporate’s overarching technique in addition to the UN’s Sustainable Growth Targets (SDGs).

Furthermore, in partnership with the Center East Investor Relations Affiliation (MEIRA), Boursa Kuwait held an investor relations (IR) webinar to extend transparency in communications with present and potential buyers, regionally and around the globe. The corporate additionally joined a file 78 exchanges from around the globe to ring the bell for monetary literacy throughout World Investor Week (WIW) 2021.

As a part of its “Atmosphere” pillar, the corporate launched quite a lot of inexperienced initiatives. In affiliation with the UN Atmosphere Programme (UNEP) Regional Workplace for West Asia, the Environmental Voluntary Basis (EVF), and the Kuwait Dive Workforce, Boursa Kuwait sponsored the 2021 Nationwide Marketing campaign to Take away Hazardous Waste from the Kuwait Bay. The corporate additionally started a serious initiative to renovate its buildings and amenities, which contributed to reducing vitality and water outputs and lowering its carbon footprint. As a part of the renovations, Boursa Kuwait additionally signed with EnviroServe, the primary electronics recycling firm in Kuwait, to handle the recycling of the discarded screens, outdated computer systems in addition to many different digital gadgets.

Boursa Kuwait additionally rang the bell and lit the long-lasting Boursa constructing in blue to lift consciousness of local weather motion, in collaboration with the United Nations and its consultant, the Secretary Common and Resident Coordinator Workplace, Kuwait on United Nations Day 2021.

Boursa Kuwait’s Company Sustainability technique stipulates making certain initiatives apply and fall in keeping with the corporate’s company social duty (CSR), business finest observe requirements and investor expectations, creating sturdy and sustainable partnerships that finally obtain success and permit Boursa Kuwait to leverage the capabilities and strengths of different corporations or organizations which have expertise in several fields, and integrating sustainability efforts with the corporate tradition, with the intention to obtain longevity and an ongoing impression that’s carried on and instilled within the day-to-day operations of the inventory alternate.

As a part of the technique, Boursa Kuwait has launched many initiatives in partnership with native and worldwide organizations, specializing in assist for nongovernmental organizations and charity applications, monetary literacy and capital market consciousness, the empowerment of girls, in addition to environmental safety.

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