KUWAIT: Reaffirming its position as a leading institution in corporate sustainability, Boursa Kuwait’s 2023 Sustainability Report has been recognized as the Best Sustainability and ESG Report at the Middle East Investor Relations Association (MEIRA) Awards. Held annually to celebrate excellence in investor relations across the Middle East, this year’s awards ceremony, which was organized in Abu Dhabi on December 11-12 in collaboration with the Abu Dhabi Stock Exchange, gathered over 800 capital market professionals, including representatives from 150 issuers in the GCC and wider region, 33 stock exchanges and regulators, and more than 150 buy and sell-side participants from local and international capital markets.

This prestigious accolade highlights Boursa Kuwait’s commitment to environmental, social, and governance (ESG) principles, showcasing its leadership in promoting sustainability within the Kuwaiti capital market. The 2023 Sustainability Report reflects the company’s dedication and continued efforts to improve transparency and accountability as well as create long-term value for stakeholders. As a model issuer, Boursa Kuwait continues to drive the sustainable growth and economic development of Kuwait following the best-in-class standards and practices worldwide.

Previously, the company’s 2021 Annual Report was awarded with a second-place finish for Best Annual Report – Print Category – Middle East while its 2023 Annual Report placed third in the Best Annual Report – Print Category – Middle East categories.

Boursa Kuwait’s 2023 Sustainability Report, its third, shed light on the Kuwaiti stock exchange’s corporate sustainability strategy and initiatives in 2023 and assessed the company’s non-financial performance and progress from January 1 to December 31, 2023. Developed in-house, the report is aligned with the Global Reporting Initiative (GRI) Standards: Core Option, the Sustainability Accounting Standards Board (SASB) Security and Commodity Exchanges guidelines, and the United Nations Sustainable Development Goals (SDGs) as well as Boursa Kuwait’s ESG Reporting Guide to ensure transparency and adherence to internationally recognized standards.

Some of the milestones outlined in the report include the company’s corporate social responsibility initiatives and partnerships with esteemed and established local and international organizations like the United Nations, the Middle East Investor Relations Association, the CFA Institute and CFA Society as well as the Kuwait Red Crescent Society and the Kuwait Association for the Care of Children in Hospital (KACCH). The report also showcased the company’s internal efforts to become a more socially responsible institution, including its enhanced governance practices and initiatives to reduce its environmental footprint.

Boursa Kuwait and the Middle East Investor Relations Association (MEIRA) and its Kuwait branch have a close strategic partnership. Since 2017, the exchange has supported the association’s initiatives to develop the investor relations sector as part of its Corporate Sustainability strategy, which seeks to raise financial awareness and enhance the role of investor relations among issuers in the Kuwaiti capital market.