NBK publishes its annual sustainability report 2022

NBK publishes its annual sustainability report 2022

KUWAIT: National Bank of Kuwait (NBK) has recently released its “2022 Annual Sustainability Report”, marking a significant milestone in its sustainability endeavors. This year’s report adopts a new methodology that provides valuable insights and showcases a range of key initiatives, underscoring the bank’s unwavering dedication to securing a sustainable future. The Seventh Annual Sustainability Report 2022 marks a significant shift from NBK’s prior reports by offering a comprehensive insight into the Group’s innovative ESG Strategy Framework and its strategic approach to sustainability.

This approach seeks to positively influence the communities it serves, promote sustainable growth, and uphold the highest global reporting and disclosure standards. The report also presents a holistic perspective on NBK’s fundamental ESG issues, risks, and performance data. It goes beyond that by encompassing the Group’s ESG-related policies, strategies, and commitments throughout 2022. The newly approved ESG strategy is centered around four pillars, which take center stage in the Sustainability Report 2022.

Additionally, this report adheres to various sustainability reporting standards and frameworks, along with national and global environmental, social, and governance standards, including the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the United Nations Sustainable Development Goals (UN SDGs). Moreover, NBK externally verified its Greenhouse