"Building a Sustainable Legacy: Our Progress and Promise"
SUSTAINABILITY REPORT 2022
2022
Sustainability
REPORT
2
TABLE OF
CONTENTS
1. OVERVIEW
5
1.1 ABOUT THIS REPORT
7
1.2 KEY HIGHLIGHTS
9
1.3 MESSAGE FROM THE CHAIRMAN
10
1.4 MESSAGE FROM THE CEO
12
1.5 WHO WE ARE
15
2. REPORTING OUR ESG EFFORTS
23
2.1 ESG OVERSIGHT
24
2.2 ESG GOALS AND PROGRESS
26
2.3 ENGAGING WITH STAKEHOLDERS
26
2.4 MATERIALITY ASSESSMENT
28
3. ENVIRONMENTAL STEWARDSHIP
35
3.1 GREEN PROJECTS
36
3.2 ENERGY CONSUMPTION
39
3.3 GREENHOUSE GAS (GHG) EMISSIONS
40
3.4 WASTE MANAGEMENT AND RECYCLING
42
3.5 WATER CONSUMPTION AND MANAGEMENT
43
4. CONSTRUCTIVE SOCIAL CONTRIBUTIONS
45
4.1 LOCAL COMMUNITY AND CITIZENSHIP
46
4.2 SUSTAINABLE PROCUREMENT
51
4.3 RESPONSIBLE INVESTMENTS
55
5. BUILDINGCAPACITIES
59
5.1 WORKPLACE DIVERSITY
60
5.2 KUWAITIZATION
61
5.3 EMPLOYEE ENGAGEMENT
62
5.4 TALENT ATTRACTION
64
5.5 HUMAN CAPITAL MANAGEMENT
65
5.6 OCCUPATIONAL HEALTH AND SAFETY
70
6. ESG GOVERNANCE AND LEADERSHIP
75
76
6.1 ORGANIZATIONAL STRUCTURE
76
6.2 BOARD OF DIRECTORS
82
6.3 CORPORATE GOVERNANCE
85
6.4 BUSINESS ETHICS AND COMPLIANCE
90
6.5 RISK MANAGEMENT
92
6.6 SECURITY MONITORING AND MANAGEMENT
94
6.7 STAKEHOLDERS' EXPERIENCE
97
6.8 INVESTOR RELATIONS
98
6.9 DIGITAL ENABLEMENT
7. APPENDIX
103
7.1 GRI STANDARDS INDEX
104
7.2 BOURSA KUWAIT SUSTAINABILITY DISCLOSURES
126
7.3 OTHER DISCLOSURES
129
7.4 MATERIAL TOPICS ALIGNMENT TO INTERNATIONAL AND NATIONAL FRAMEWORKS 133
3
SUSTAINABILITY REPORT 2022
1. OVERVIEW
We welcome our valuable stakeholders and readers to our 6th sustainability report, where we start with an overview of Mabanee.
In this chapter, we cover the following United Nations Sustainable Development
Goals (SDGs) and New Kuwait Vision 2035 areas:
United Nations Sustainable Development Goals (SDGs)
SDG 8: Decent Work and Economic Growth
New Kuwait Vision 2035
Living Environment
Infrastructure
4
5
SUSTAINABILITY REPORT 2022
1.1 ABOUT THIS REPORT
Scope of the Report
By continuing to report on our Environmental, Social and Governance (ESG) performance on a yearly basis for the 6th consecutive year, we affirm our ongoing commitment to applying sustainability best practices across our operations. As one of the leading real-estate companies in Kuwait, we seek to lead the real-estate sector towards applying ESG best practices and standards.
In this regard, we have developed this report to provide our stakeholders with transparent information on our ESG performance. The report content has been compiled in a way that allows readers to make informed assessments and decisions about our impacts and contribution to sustainable development. Throughout this report we have taken into consideration the Global Reporting Initiative (GRI) reporting principles of Accuracy, Balance, Clarity, Comparability, Completeness, Sustainability context, Timeliness, and Verifiability.
Mabanee Company K.P.S.C., referred to throughout this report as "Mabanee" or "the Company", has reported in accordance with the GRI Standards for the period from January 1 to December 31 2022. See Appendix 7.1 GRI Standards Index for further details.
Support
The development of Mabanee Sustainability Report 2022 was supported by RSM Albazie
Consulting W.L.L.
For any queries, please contact us through:
Nora Zehery
Corporate Communications Manager Mabanee Company K.P.S.C
P.O. Box 5132 Safat l 13052 Kuwait T: 22244441 zehery@mabanee.com
Publication Date
9 March 2023
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Mabanee Company KPSC published this content on 14 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2023 05:14:02 UTC.
Mabanee Company KPSC is a Kuwait-based company engaged, along with its subsidiaries, in the manufacture and installation of pre-cast buildings, construction work, and the installation of sanitary, mechanical, electrical and other equipments related to the construction industry. In addition, the Company invests its surplus funds in investment securities. The Company operates in three segments: the Construction and real estate investment segment includes real estate development, properties, projects leasing and the construction activity for self or others; the Logistics segment includes all types of transportation, distribution, handling and customs clearance for goods, and the Financial investments segment includes investments in portfolios, shares and financial instruments in and outside Kuwait managed by self or by specialized firms.
MABANEE COMPANY K.P.S.C. 
