PRESSR: Boubyan Bank releases 2024 Annual Sustainability Report

About this update from Boubyan Bank K.s.c.

The Report Highlights the Bank's Commitment to Implementing ESG Standards and Achieving Their Goals through an Effective Organizational ApproachDr. Bader Al-Hashel: Strong Governance at Boubyan Boosts Its Resilience and Drives Our Journey towards a More Solid and Sustainable Banking FutureKhaled Al-Haqqan: We Continue Driving Real Change in Responsible Governance as Boubyan Steadily Moves Forward towards Empowering a Sustainability CultureBoubyan Bank has released its 2024 Annual Sustainability Report, reflecting the bank’s commitment to advancing environmental, social, and corporate governance (ESG) practices, and embedding sustainability values across all its operations. The report underscores the bank’s efforts towards shaping a more inclusive and sustainable future to drive positive and true change, demonstrating its genuine commitment to responsible development.The report highlighted Boubyan's continued progress in line with a crystal-clear strategy that aligns with the best international practices. Prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards 2021, this report incorporates additional frameworks such as the Sustainability Accounting Standards Board (SASB), and International Financial Reporting Standards (IFRS) S1 and S2, thus reinforcing the bank’s unwavering dedication to transparency, solid governance, and creating sustained value for stakeholders, and ultimately supporting Kuwait’s goals in achieving sustained development.In his message, Dr. Bader Saad Al-Hashel, Boubyan Bank's Chief Risk Officer, stated: “At Boubyan, we believe that governance is more than just an organizational framework; rather, it is an ongoing commitment that reinforces equality, transparency, and integrity in all our practices. We continue safeguarding shareholders’ rights, and ensure effective engagement of all stakeholders, thus reflecting our commitment to offering sustainable value on the long run.”He went on to add: “Our commitment to governance extends to adoption of the best disclosure and transparency standards in our information and risk management practices, while focusing on building an operational environment that boosts the bank's resilience and its ability to perform. Hence, we always stress that such practices stand as a key pillar for achieving our sustainability goals, as we endeavor to reinforce the ba...

View stock analysis, news, and events for Boubyan Bank K.s.c.