Burgan Bank Publishes Its Sixth Sustainability Report
- gceosocial
- Apr 14
- 2 min read
Updated: May 12
Confirming its commitment to embedding ESG principles across its operations and culture
Burgan Bank has released its sixth annual Sustainability Report, marking a key milestone in its ESG journey as the first bank in Kuwait to publish a 2024 report. This report highlights the Bank's achievements in Environmental, Social, and Governance (ESG) areas, showcasing its commitment to sustainable practices, transparency, and leadership. The report adheres to the Global Reporting Initiative’s Universal Standards 2021, UN Sustainable Development Goals, and other relevant guidelines.
Mr. Fadel Abdullah, CEO of Burgan Bank Kuwait, emphasized the Bank's proactive ESG strategy and substantial progress since 2019. Achievements include LEED Gold certification, empowerment of local talent, and enhanced governance frameworks, all reflecting a mission to finance responsibly and deliver community value.
Sustainability Strategy
Burgan Bank's ESG strategy is guided by four pillars: Good Governance, Responsible Banking, Community Betterment, and Environmental Impact Reduction. The Board of Directors and the Management ESG Committee oversee the integration of ESG into core operations, supported by a comprehensive roadmap and materiality matrix.
2024 Achievements
The 2024 report highlights significant progress in ESG integration, with improved ratings from agencies like MSCI, S&P, and Sustainalytics. Key initiatives include climate risk mitigation, financial inclusion, and stakeholder engagement. Environmental efforts focused on reducing the carbon footprint, achieving LEED Gold certification, and implementing green operations like EV charging stations and solar panels.
Social sustainability efforts included achieving "Great Place to Work" certification, gender diversity, and programs like "Empower Her" and Ro’ya for talent development. Community engagement continued with CSR initiatives in health, sports, and education, alongside partnerships with NGOs for local support.
Digitalization advancements improved the mobile banking platform and internal processes, enhancing customer experience and operational efficiency. Governance improvements included updated ESG policies and strengthened cybersecurity measures to protect data and maintain customer trust.
Future Outlook
Burgan Bank remains committed to expanding its ESG impact, focusing on environmental action, inclusive growth, governance excellence, and community advancement. The Bank aims to build a better future for stakeholders and the community.
For the full 2024 Sustainability Report, visit the Burgan Bank website.
