National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — Barclays ESG Emerging Markets Corporate Days June 2024
32 slides from National Bank Of Kuwait K.s.c's conference presentation, June 2024
Slide 1: ESG Investor Presentation
PUBLIC ESG Investor Presentation Barclays ESG Emerging Markets Corporate Days June 2024 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 Our Key ESG Highlights 4 NBK ESG Strategy and Approach 6 Responsible Banking 11 Governance For Resilience 18 Capitalizing on Our Capabilities 25 Investing in Our Communities 28 ESG Investor Presentation Source: Shagaya Renewable Energy Park, Kuwait National Bank of Kuwait 3
Slide 4: Our Key ESG Highlights
PUBLIC Our Key ESG Highlights ESG Investor Presentation National Bank of Kuwait 4
Slide 5: ESG at a Glance
PUBLIC ESG at a Glance Responsible Governance For Capitalizing on Our Investing in Our Banking Resilience Capabilities Communities Climate Action ESG Governance Workplace Diversity Financial Inclusion Committed to become carbon neutral by 2060 Finalized and approved: Group ESG Strategy Women in: Lau
Slide 6: NBK ESG Strategy and Approach
PUBLIC NBK ESG Strategy and Approach ESG Investor Presentation National Bank of Kuwait 6
Slide 7: 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. In 2023, we reaffirmed the findings of materiality assessment und
Slide 8: NBK Group ESG Strategy Framework
PUBLIC NBK Group ESG Strategy Framework ESG Investor Presentation National Bank of Kuwait 8
Slide 9: 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 c
Slide 10: External Engagement and Recognition
PUBLIC External Engagement and Recognition ESG Ratings ESG Awards National and Global NBK is at 27.4 – Medium Frameworks Risk Global Finance 2023 Best Innovation and Transformation – World MSCI upgraded NBK ESG Best SME Bank Award – Kuwait ratings to ‘BBB’ in August Best Private Bank for Susta
Slide 11: Responsible Banking
PUBLIC Responsible Banking ESG Investor Presentation National Bank of Kuwait 11
Slide 12: 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 13: NBK's Outlook of a Climate Transition Pathway
PUBLIC NBK’s Outlook of a Climate Transition Pathway In January 2023, NBK committed to achieving carbon neutrality by 2060 and has taken significant steps since to reduce and manage its impact on the environmental as a result of its operations and business activities, including setting an interim op
Slide 14: Financing the Transition
PUBLIC Financing the Transition USD 3.65 Sustainable Assets as of 31 December 2023, around To Channel Sustainable 36% progress towards 2030 USD 10 billion target. and Green Capital… In June 2024, successfully priced USD 500 million its debut green bond under NBK’s Sustainable Financing Framework
Slide 15: 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 16: Pioneering Sustainable Finance Through its Debut Green Bond
PUBLIC Pioneering Sustainable Finance Through its Debut Green Bond In June 2024, NBK successfully issued its debut 6NC5 green bond, raising USD 500 million to support the financing of low-carbon initiatives; the first of its kind out of Kuwait. By issuing this green bond, NBK strengthens its dedicat
Slide 17: Responsible Operations and Supply Chain
PUBLIC Responsible Operations and Supply Chain Established 3 key targets to magnify our reduction in Embedding ESG in procurement and supply chain energy consumption: practices: 1. Convert most branches and other NBK buildings to LED lighting by 2025. Integrated ESG factors into NBK-Kuwait Procure
Slide 18: Governance For Resilience
PUBLIC Governance For Resilience ESG Investor Presentation National Bank of Kuwait 18
Slide 19: 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 20: Board Composition
PUBLIC Board Composition Number of Independent Women on Average Tenure Industry Directors Directors Board (Years) Experience 11 36% 9.1% 9 91% NBK Group Board of 10 out of 11 Board members Average 2.5 years on the NBK elected its first female Average length of tenure on Directors is composed of have
Slide 21: A Modular ESG Governance Framework
PUBLIC A Modular ESG Governance Framework 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 to include ESG-specific mandate. In conjunction with strategy oversight, the Board
Slide 22: Sustainability Committees: Overview
PUBLIC Sustainability Committees: Overview In developing our ESG Governance Model we adopted a modular approach, bringing together a diverse group of The Sustainability & Climate Change Committee and its five stakeholders across the Bank. We believe developing a modular governance model can be more
Slide 23: 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 24: ESG Advocacy: NBK's Thought Leadership on ESG
PUBLIC ESG Advocacy: NBK’s Thought Leadership on ESG NBK is committed to promoting ESG advocacy in the markets it operates, recognizing the value it creates for its key stakeholders, including investors, clients, regulators, and the community. To that extent, NBK took proactive steps in developing i
Slide 25: Capitalizing on Our Capabilities
PUBLIC Capitalizing on Our Capabilities ESG Investor Presentation National Bank of Kuwait 25
Slide 26: 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 27: 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 28: Investing in Our Communities
PUBLIC Investing in Our Communities ESG Investor Presentation National Bank of Kuwait 28
Slide 29: 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 30: 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 31: 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 32: 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
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