Boursa Kuwait won the “Most Sustainable Company in the Financial Services Sector” award from World Finance magazine, as a highlight of its ongoing efforts to build a more sustainable future and in recognition of its efforts to raise awareness and encourage the adoption of sustainable businesses, both internally and among stakeholders in the financial markets.
The magazine’s Sustainability Awards program highlights global companies that put the values of preserving the environment at the forefront of their work. This year’s winners also excelled in meeting environmental protection requirements in their businesses, including Aramco, Volkswagen Group, Turkish Airlines and Swisscom, in addition to the Kuwait Stock Exchange.
Since its establishment, Boursa Kuwait has prided itself on being an advanced financial services company that strives to develop and improve the Kuwaiti capital market and all its participants by providing internationally approved products and services, improving market infrastructure and ensuring a sustainable business model in the short, medium and long term.
The exchange has also positioned its corporate sustainability strategy as an essential part of its overall strategy, recognizing that sustainable processes and practices are becoming increasingly essential for investors and issuers. The company has officially committed itself to introducing the concepts of corporate sustainability in the financial markets since the end of 2017, when it joined the Sustainable Stock Exchanges Initiative, a platform for the exchange of experiences and knowledge led by the United Nations, which helps expand cooperation between scholarships. and all market participants.
As the official operator of the national stock market, Boursa Kuwait realizes that it plays a key role in achieving the comprehensive goals of the state’s national development plan, by promoting and developing sustainable practices in the capital markets, creating an investment climate that can attract capital. , and encouraging responsible and sustainable investments. The company also continues to follow the latest developments in the global financial markets, to raise awareness of the Kuwaiti capital market and its participants, and to encourage them to adopt more sustainable practices to keep up with the global transformation. to a sustainable economy.
The company also seeks to be committed to the sustainable development of Boursa Kuwait and the society in which it operates, through a positive contribution in three main areas, namely education, society and the environment to adopt practices that have an effective social impact has.
In addition, over the past year, Boursa Kuwait has continued its partnership and collaboration with local and international organizations in initiatives that meet these pillars. Regarding the “community” pillar, the company has worked to give back to the community in which it operates, through its partnership with the United Nations High Commissioner for Refugees, the Kuwait Red Crescent Society, and the Kuwait Society for the Care of Children in hospitals, and to support the various initiatives of these organizations in the field of education and refugee protection and their safety. The company also rang the bell to celebrate women’s empowerment for the fifth consecutive year, in collaboration with the United Nations on International Women’s Day, to raise awareness in the areas of women’s economic empowerment and the important role played by the private sector, highlight. in promoting the principles of women’s empowerment in order to achieve sustainable development goals.
Within the framework of the “Education” pillar, which aims to create a new generation of investors with good knowledge, competence and specialization in securities, the company has collaborated with the Association of Chartered Financial Analysts in Kuwait and the University of Kuwait to activate the role of Boursa Kuwait Online Academy, the digital educational portal designed and developed by Boursa Kuwait. Provides educational content on investment principles to improve knowledge of the money market for new and professional investors.
The company issued its first sustainability report reviewing the company’s strategy, partnerships and initiatives in the field of governance, social and environmental responsibility for the year 2021, which came after the release of the guide to reports on governance, social and environmental responsibility. In addition, Boursa Kuwait organized a workshop on the standards, practices and tools available to ensure the optimal application and reporting of governance and social and environmental responsibility (ESG) and the importance of this in conjunction with the sustainable development goals in corporate operations to integrate. with the United Nations Development Program (UNDP). Boursa Kuwait also organized an investor relations seminar in collaboration with the Middle East Investor Relations Association and its branch in Kuwait (MEIRA) as part of its ongoing efforts to develop the investor relations sector and increase the level of transparency when dealing with current and potential local and international investors. The Boursa also joined 78 stock exchanges by ringing the bell In celebration of the initiative to spread financial and investment culture in the World Investors Week.