NBK titled as Best Bank in Middle East for ESG-Related Loans

NBK titled as Best Bank in Middle East for ESG-Related Loans

National Bank of Kuwait (NBK) has been named the Best Bank in the Middle East for ESG-Related Loans in 2024, as announced by Global Finance in its fourth annual Sustainable Finance Awards. This annual survey conducted by Global Finance recognizes global and regional leadership in Sustainable Finance-funding for initiatives designed in 2023 to mitigate the […]National Bank of Kuwait (NBK) has been named the Best Bank in the Middle East for ESG-Related Loans in 2024, as announced by Global Finance in its fourth annual Sustainable Finance Awards.

This annual survey conducted by Global Finance recognizes global and regional leadership in Sustainable Finance-funding for initiatives designed in 2023 to mitigate the negative impacts of climate change and help build a more sustainable future for humanity.

Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability financing.

Winners have been chosen in areas such as overall sustainability financing, excellence in bond issues, community support, resource management, transparency & reporting, infrastructure, and emerging-markets sustainability funding.

In recent years, NBK Group has undertaken significant measures to embed ESG standards into the core of its business, operational procedures, and corporate culture.

The Group has also streamlined its ESG strategy, transitioning from a