BOUBYAN BANK K.S.C.P. Boubyan ESG
Towards A Cleaner & Brighter Future
Sustainability Report 2022 | Towards perfection |
In the Name of Allah, Most Gracious, Most Merciful
"Verily, Allah is the All-Provider, Possessor of Power, the Mighty"
Allah the Almighty speaks the truth
H.H. Sheikh
Nawaf Al-AhmadAl-JaberAl-Sabah
Amir of the State of Kuwait
H.H. Sheikh
Mishal Al-AhmadAl-JaberAl-Sabah
Crown Prince
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Report Overview
Reporting Standard and Principles
This is the 3rd Sustainability Report of Boubyan Bank representing the Group's Environmental, Social and Governance (ESG) performance and disclosures. References to "Boubyan" or "Group" indicate group-wide data that covers: Boubyan Bank, Boubyan Capital, Boubyan Takaful, Boubyan National, the Bank of London and the Middle East (herein BLME) and BB2 Tech Co Digital and Technology Services Limited (herein BB2 Tech Co).
The reporting period covers January 1, 2022 to December 31, 2022. The report has been developed in accordance with the principles of the Global Reporting Initiative (GRI) Standards 2021. As well as highlighting the Group's sustainability performance for the year 2022, the report also includes the Group's approach to tackling some of the key business issues and showcases Boubyan's Environmental, Social and Governance (ESG) performance from a Group-wide perspective. The report has been prepared in accordance with the principles of: Accuracy, Balance, Clarity, Comparability, Completeness, Sustainability context, Timeliness, and Verifiability.
As part of the report development process, Boubyan has continually engaged and interacted with internal and external stakeholders, obtaining their input via suitable means of communication, which has included digital media, on-ground meetings, consultation sessions, and so on.
Boubyan has mapped the ESG initiatives that it has undertaken in the reporting period against United Nations Sustainable Development Goals (SDGs), New Kuwait Vision 2035 and Kuwait Boursa Index - to refect its commitment towards such sustainability enablers.
Reporting Boundary
The report has been prepared for Boubyan Group, covering Boubyan Bank and its subsidiary entities- (namely BLME, BB2 Tech Co., Boubyan Capital, Boubyan National and Boubyan Takaful). The report boundary includes operating facilities, branches and the Head Office in Kuwait (with the exception for BLME and BB2 Tech Co. jurisdiction being outside Kuwait). The sustainability performance disclosed throughout the report refers to the above stated entities, unless otherwise mentioned.
Contact
Please contacts us via email for any queries related to the content of this report: info.sustainability@bankboubyan.com
Chairman's Message
With great pleasure, we present our third sustainability report for our stakeholders. As a leading Sharia compliant Bank in Kuwait, we have progressed towards achieving excellence in banking, and have affirmed our alignment with Environmental, Social and Governance (ESG) criteria and best practices.
We have undertaken measures to protect our people and communities in and around our areas of operations. Our efforts have highlighted our care and concern for social wellbeing and development. Coupled with principles that uphold the guidelines of Islamic Finance and the Noble Sharia, we have displayed fortitude and resilience, our efforts have also encompassed ethical professional behavior. Funding green projects and environmental remediation programs have dominated our agendas and we have continued to monitor our own environmental footprint, as elucidated in this report. This is directly aligning with the Kuwait Vision 2035.
While promoting occupational health and safety standards, we have progressed on delivering safe, secure and healthy working conditions for our employees. This has included providing safety trainings and organizational awareness to our employees. We continue endeavoring towards increasing inclusivity and equality where we have trained, engaged and retained our employees. - as we opine that employees are productive, when they feel included, engaged and heard.
I am confident that our investments and efforts in innovation, digital transformation, commitment towards our employees and communities and the surrounding environment would enable us further to overcome our challenges and lead ESG towards a cleaner and brighter future.
We seek active engagement from stakeholders in our ESG performance progress and consider their suggestions and views valuable to us in further improving our performance and contribution. We wish you an engaging read.
Having embarked on the sustainability reporting journey and transparently disclosing our ESG metrics, we have gradually evolved to ingrain and integrate sustainability elements across our overall corporate strategy and business practices. This has enabled us to review, evaluate our ESG maturity and establish and prioritize our ESG agenda and roadmap.
Abdulaziz Abdullah Dakheel Al-Shaya
Chairman (Non-Executive)
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Boubyan Bank KSCP published this content on 21 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 12:03:32 UTC.
