National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — ESG Presentation (September 2023)
33 slides from National Bank Of Kuwait K.s.c's sustainability presentation, September 2023
Slide 1: A Solid Foundation for ESG Integration
PUBLIC A Solid Foundation for ESG Integration ESG Presentation September 2023 National Bank of Kuwait 1
Slide 2: Disclaimer
PUBLIC Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION
Slide 3: Index
PUBLIC Index NBK ESG Strategy and Approach 3 Governance For Resilience 9 Responsible Banking 14 Capitalizing on Our Capabilities 20 Investing in Our Communities 23 Data Performance Tables 27 ESG Investor Presentation National Bank of Kuwait 3
Slide 4: NBK ESG Strategy and Approach
PUBLIC NBK ESG Strategy and Approach ESG Investor Presentation National Bank of Kuwait 4
Slide 5: Our Vision, Mission and Values Underpin our ESG Strategy
PUBLIC Our Vision, Mission and Values Underpin our ESG Strategy For 70 years, we continue to make great strides towards achieving our vision to be the trusted bank of choice. As part of the trust in our leadership, our stakeholders have relied on NBK to continually evolve within highly dynamic busin
Slide 6: Stakeholder Impact and Engagement
PUBLIC Stakeholder Impact and Engagement Determining what ESG-related risks, issues, impacts and opportunities are most important for NBK and its stakeholders is a critical element in formulating and defining the Group’s ESG Strategy. NBK ESG Strategy Pillars Material Topics Driving our ESG Strategy
Slide 7: NBK Group ESG Strategy Framework
PUBLIC NBK Group ESG Strategy Framework ESG Investor Presentation National Bank of Kuwait 7
Slide 8: Our Ambitious 3-Year ESG Strategy Roadmap
PUBLIC Our Ambitious 3-Year ESG Strategy Roadmap The Group’s ESG Strategy is supported by key targets and commitments in those areas we have the greatest potential, developed to support a sustainable and equitable transition to a low carbon economy and deliver a positive social impact on people and
Slide 9: External Engagement and Recognition
PUBLIC External Engagement and Recognition National and Global ESG Ratings ESG Awards Frameworks NBK is at 27.5 – Global Finance Medium Risk Best SME Bank Award - Kuwait 2022 Best Financial Innovation Labs 2022 - MSCI upgraded NBK Group Digital Office ESG ratings to ‘BBB’ in Best Bank for Sust
Slide 10: Governance For Resilience
PUBLIC Governance For Resilience ESG Investor Presentation National Bank of Kuwait 10
Slide 11: Building Robust ESG Governance
PUBLIC Building Robust ESG Governance NBK is committed to robust ethical standards that are hand-in-hand with comprehensive strategic planning and effective, transparent, and reliable Governance and Risk Management structures, policies, and processes. Our Approach Key Highlights Alignment with Globa
Slide 12: Board Composition
PUBLIC Board Composition Number of Independent Women on Average Tenure Industry Directors Directors Board (Years) Experience 11 36% 9.1% 8 91% NBK Group Board of NBK elected its first 10 out of 11 Board Directors is composed of Average 1.5 years on the Average length of tenure female Board member in
Slide 13: ESG Governance Structure
PUBLIC ESG Governance Structure The Board has the ultimate responsibility to implement the Group’s ESG direction and Board of Directors strategy. The Board’s charters and responsibilities were updated in 2022 to include ESG-specific mandate. In conjunction with strategy oversight, the Board ap
Slide 14: Climate Risk Management
PUBLIC Climate Risk Management NBK is committed to developing economic, environmental, and social risk resilience across the Group. Building an ESG risk culture across the Bank is equally important for setting an effective and robust ESG governance structure. NBK Kuwait NBK International Branches an
Slide 15: Responsible Banking
PUBLIC Responsible Banking ESG Investor Presentation National Bank of Kuwait 15
Slide 16: Transition to Low Carbon Economy
PUBLIC Transition to Low Carbon Economy Contributing to economic, social and environmental development, whether through our operations or engaging with our clients to adopt sustainable practices by financing their transitions, has always been one of NBK’s strategic focuses. Responsible Banking outli
Slide 17: Financing the Transition
PUBLIC Financing the Transition To Channel Sustainable Launched Sustainable Financing Framework, and received Second Party Opinion (SPO) by S&P. and Green Capital… Committed to USD 10 billion of Sustainable Assets by 2030. Capitalizing on Align Portfolio with Through developing enhanced climat
Slide 18: NBK Sustainable Financing Framework
PUBLIC NBK Sustainable Financing Framework Expanding our sustainable financing activities in line with industry leading practices and standards. NBK established a Sustainable Financing Framework to support and advance NBK’s goal to integrate critical ESG issues into the business, culture and operati
Slide 19: Transitioning our Operations
PUBLIC Transitioning our Operations Established 3 key targets to magnify our Managing energy, water, and materials Embedding ESG in procurement and reduction in energy consumption: consumption: supply chain practices: 1. Obtained third-party verification to GHG NBK follows ESG-related criteria in
Slide 20: Commitment to Reduce our Carbon Footprint
PUBLIC Commitment to Reduce our Carbon Footprint Green Building: LEED Gold Certified Headquarters In conjunction with the Group’s commitment to protect the environment and sustain resources for future generations, NBK’s HQ was awarded the LEED Gold Certification in 2022. Receiving this certificate r
Slide 21: Capitalizing on Our Capabilities
PUBLIC Capitalizing on Our Capabilities ESG Investor Presentation National Bank of Kuwait 21
Slide 22: Developing a Diverse, Inclusive, and Agile Workforce
PUBLIC Developing a Diverse, Inclusive, and Agile Workforce The essential ambition of NBK’s Capitalizing on our Capabilities strategy pillar is to drive sustainable business growth achieved through organizational resilience. This starts with our workplace management, our policies, culture, practices
Slide 23: Digitalization at the Core
PUBLIC Digitalization at the Core In line with NBK’s ESG strategy pillar of ‘Capitalizing on our Capabilities’ and its commitment to “establish a digital and agile work environment”, and driven by the Group’s Digital Transformation Strategy, developing innovative digital solutions is key for the sea
Slide 24: Investing in Our Communities
PUBLIC Investing in Our Communities ESG Investor Presentation National Bank of Kuwait 24
Slide 25: Our Approach to Community Development
PUBLIC Our Approach to Community Development Investing in our Communities is one of the four key strategic pillars of NBK’s ESG Strategy. NBK’s community investment focuses on providing optimal customer service and advocacy, increasing financial inclusion, accessibility and literacy, and ensuring cu
Slide 26: Making a Positive Impact on our Communities
PUBLIC Making a Positive Impact on our Communities Our goal is to optimize our social impact and prioritize our ongoing substantial commitment to community development. NBK intends to uphold its strong legacy of maximizing the social impact of our businesses and operations while contributing activel
Slide 27: Nurturing Local Talent
PUBLIC Nurturing Local Talent A significant cornerstone of our ‘Investing in our Communities’ strategic pillar is to support national development plans to promote and nurture local talent. We continue to deliver on the Central Bank of Kuwait efforts to increase nationalization in the financial servi
Slide 28: Data Performance Tables
PUBLIC Data Performance Tables ESG Investor Presentation National Bank of Kuwait 28
Slide 29: Environmental
PUBLIC Environmental Metric Calculation 2022 2021 E1.1) Total amount, in CO2 equivalents, for Scope 1 (if applicable) 2,141 mtCO2e 22 mtCO2e GHG Emissions E1.2) Total amount, in CO2 equivalents, for Scope 2 (if applicable) 34,005 mtCO2e 38,522 mtCO2e E1.3) Total amount, in CO2 equivalents, for Scope
Slide 30: Social
PUBLIC Social Metric Calculation 2022 2021 In 2022, NBK reported mean and median salaries per Ratio: Median male compensation to median female Grade/Level. There is an almost 1-to-1 parity between Median gender pay ratio is not disclosed, though other Gender Pay Ratio compensation female and male co
Slide 31: Governance
PUBLIC Governance Metric Calculation 2022 2021 91% male representation G1.1) Percentage: Total board seats occupied by men and women 100% male representation Board Diversity 9% female representation G1.2) Percentage: Committee chairs occupied by men and women 100% occupied by males 100% occupied by
Slide 32: NBK 2022 Sustainability Report
PUBLIC NBK 2022 Sustainability Report The 2022 Sustainability Report marks NBK’s seventh consecutive report. NBK’s 2022 Sustainability Report summarizes the Bank’s material ESG and Sustainability-related issues, risks, and performance data, as well as our Group-wide ESG policies, strategy, and commi
Slide 33: Thank You.
PUBLIC For more information, please visit nbk.com or contact: Investor Relations E: Investor-Relations@nbk.com Thank You. Sustainability E: Sustainability@nbk.com National Bank of Kuwait (NBK) PO Box 95, 13001 Safat Kuwait, Al Shuhada Street, Block 7, Sharq, State of Kuwait ESG Investor Presentation
National Bank of Kuwait — ESG Presentation (September 2023) on 6ix