Kuwait City – True to its commitment to support and promote responsible, sustainable and impactful business practices, Boursa Kuwait has partnered with the United Nations Development Program (UNDP) to organize a workshop around standards, practices and tools enabling to ensure impactful implementation. and reporting on Environmental, Social and Governance (ESG) principles and the importance of integrating them into the United Nations Sustainable Development Goals (SDGs) and into business operations. The ESG-SDG Impact Awareness Course was held at Boursa Kuwait premises on May 31 and June 1 and brought together over 40 senior executives and decision makers from various Kuwaiti listed companies.
During the two-day workshop, UNDP experts delved into a wide range of topics and various aspects of ESG, sustainability, impact management and measurement (IMM), and the SDGs . Speakers included Mr. Vito Intini, Senior Economist, UNDP Regional Center, UNDP SDG Impact Director, Ms. Fabienne Michaux, Senior Independent Development Consultant (PFM) and Lecturer at Duke University, Mr. Jean Mulot and Mr. Pedro Cortez, Impact Analyst, UNDP. Business Call to Action (BctA), which discussed the business case for more sustainable business models and explored how companies can integrate sustainability into their operations in Kuwait while ensuring competitiveness and sustainability at the same time.
Commenting on the workshop, Mr. Naser Meshari Al Sanousi, Senior Director of Marketing and Communication at Boursa Kuwaitsaid, “As we continue to build on our reputation as a model issuer and socially and environmentally responsible company through responsible and sustainable business practices, we remain committed to supporting companies listed on the Kuwait Stock Exchange on their ESG journey. , signified by our long-term strategic partnership with UNDP.
Al Sanousi added: “As we encourage market participants to adopt more sustainable operations and business practices, it is essential to educate and educate them on the most important ESG principles and practices, as well as explain the benefits integration of these principles and how they can help them. become more efficient and impactful, which not only improves their bottom line, but also helps them achieve their long-term business goals. I would like to thank the various UNDP experts for sharing their valuable insights and look forward to further collaborations in the future.
For its part, Ms. Hideko Hadzialic, Resident Representative, UNDP Kuwait, said: “For some time, the private sector and financial markets have been integrating ESG – Environmental, Social and Governance – criteria into their business models and investment decisions. It’s good for business results and has a positive impact on people’s well-being and the environment.
She added: “A survey of the world’s 75 largest asset managers revealed that 48% of investors are developing an approach to the SDGs, with the private sector playing a key role. We expect them to increase their participation in achieving the “New Kuwait 2035” vision and the United Nations Sustainable Development Goals. »
The workshop is part of Boursa Kuwait’s ongoing initiatives to promote corporate sustainability in the Kuwaiti capital market and encourage the adoption of best standards in ESG disclosure and reporting among listed companies. In addition to numerous webinars and workshops, the company has published a comprehensive disclosure guide to help listed companies report on ESG issues and to meet the growing needs of various stakeholders, including investors, customers, suppliers and suppliers. regulators, in terms of transparent and regular information. Additionally, the company released its annual sustainability report, detailing its 2021 CS achievements, earlier this year.
Boursa Kuwait’s corporate sustainability strategy states that initiatives apply and are consistent with corporate social responsibility (CSR), industry best practice standards and investor expectations, creating strong and lasting partnerships that ultimately lead to success and enable Boursa Kuwait to leverage capabilities and strengths. other companies or organizations that have experience in different areas, and embed sustainability efforts into corporate culture, in order to achieve longevity and ongoing impact that is perpetuated and ingrained in operations stock market daily.
As part of this strategy, Boursa Kuwait has launched numerous initiatives in partnership with local and international organizations, focusing on supporting non-governmental organizations and charitable programs, financial education and capital markets awareness, empowerment of women, environmental protection as well as safety and prevention. measures against Covid-19.
ABOUT BOURSA KUWAIT
Since its establishment by the Capital Markets Authority to take over the responsibilities of the Kuwait Stock Exchange in 2014, Boursa Kuwait has worked diligently to build a progressive exchange platform based on efficiency and transparency, with a view to create long-term value for the company’s stakeholders in the economic, social and environmental dimensions.
Guided by a mission-driven strategy focused on market development in line with international standards, Boursa Kuwait has successfully introduced innovative investment tools, enhanced transparency and restructured the market to increase its competitiveness and liquidity. The company’s market developments and improvements have contributed to the reclassification of the Kuwaiti capital market to “emerging market” status in all three major global indices, strengthening Kuwait’s position as a leading financial center in the region. . A self-listed stock exchange, Boursa Kuwait is the first government entity in the country to be successfully privatized.
For more information on Boursa Kuwait’s initiatives and latest developments, visit www.boursakuwait.com.