• Al-Sager: Joining the UNGC demonstrates NBK’s commitment to delivering long-term added value to all stakeholders
  • This initiative confirms NBK’s commitment to responsible and sustainable business practices and its support to future generations
  • We are committed to disclosing our progress in implementing the Ten Principles of the United Nations Global Compact
  • We will seize this great opportunity to further strengthen our collaboration with international organizations, exchange ideas, and promote best practices that positively influence our society and the environment
  • We are very proud of the significant progress we have made to incorporate sustainability practices in our operations and engraining it in the DNA of our corporate culture

National Bank of Kuwait announced that it has joined the United Nations Global Compact, the world's largest corporate initiative advancing sustainable and socially responsible business practices, as the Bank continues to lead responsible practices that drive Kuwait’s sustainable economic development.

Launched in 2000, the UN Global Compact was initiated to encourage businesses to adopt a responsible approach and align their strategies and operations with the most significant global challenges by upholding the Ten Principles in the areas of human rights, labour, the environment, and anti-corruption.

“Joining the United Nations Global Compact demonstrates NBK’s commitment to delivering long-term added value to all stakeholders, the society and future generations,” said Isam Al-Sager, Vice Chairman and Group CEO.

“NBK firmly believes that businesses can shape a better future. By joining the initiative, we demonstrate our commitment to responsible and sustainable business practices,” Al-Sager added.

Al-Sager emphasized that as a leading bank, NBK recognizes the importance of demonstrating responsible leadership to drive sustainable growth.

Furthermore, Al-Sager pointed out that within the UN Global Compact framework, NBK would disclose its progress in implementing the Ten Principles of the UN Global Compact and engage in a dialogue with its stakeholders on topics pertaining to sustainability and responsible business practices. The Compact presents a great opportunity for companies and organizations that have a similar vision to collaborate, exchange ideas, and promote best practices in order to positively impact their societies and the environment.

"We are proud of the progress we have made in our journey to engrain the foundation of sustainability in our operations and corporate culture through numerous initiatives, including our pledge to achieve carbon neutrality by 2060 and reduce operational emissions by 25% by 2025. We also launched our Sustainable Financing Framework and continued to disclose the environmental impact of our operations through the Carbon Disclosure Project" (CDP)”.

"NBK has made substantial progress in terms of women's representation in the workforce and their participation in various boards and committees throughout the Group,” Al-Sager concluded.

Highlights of NBK’s key milestones in its journey to sustainable growth

  • Committed to achieving carbon neutrality by 2060.
  • Joined the United Nations Global Compact.
  • Set targets to reduce operational emissions by 25% by 2025.
  • Launched its Sustainable Financing Framework.
  • Achieved significant progress in women's participation in the workforce, as well as their representation on various boards.
  • Continued to disclose the environmental impact of its operations through the CDP.

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