Kuwait’s national stock market, Boursa Kuwait has been awarded the title of ‘Most Sustainable Company in the Financial Services Industry’ by World Finance magazine.
This award recognizes the national stock exchange operator’s efforts to raise awareness and foster the adoption of sustainable business practices, internally and throughout the wider capital market.
World Finance is a print and online magazine providing comprehensive coverage and analysis of the financial industry, international business, and the global economy targeting an audience of finance professionals as well as corporate and private investors.
According to the statement, the magazine’s Sustainability Awards program celebrates companies across the globe that place green values at the heart of their business operations.
As per the company statement, “Since its inception, Boursa Kuwait has prided itself on being a progressive financial services company that strives to develop and enhance Kuwait’s capital market apparatus and its participants, whether through introducing internationally recognized products and services, developing an improved market infrastructure, or ensuring that business operations are sustainable over the short, medium, and long-term.”
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.
According to the statement, “Boursa Kuwait’s Corporate Sustainability strategy stipulates ensuring initiatives apply and fall in line with the company’s corporate social responsibility (CSR), industry best practice standards, and investor expectations.”
As part of its sustainability strategy, Boursa Kuwait has launched many initiatives in partnership with local and international organizations, focusing on support for nongovernmental organizations and charity programs, financial literacy and capital market awareness, the empowerment of women, as well as environmental protection.
