Kuwait Finance House KSCP

Lobbying Governance

AI Extracted Evidence Snippet Source

AUBE has institutionalized its commitment to responsible business conduct through policies approved by the Board and are publicly available. These policies encompass the precautionary principle, human rights respect, and due diligence, which are communicated across the organization and embedded into business relationships and activities. Responsibility for implementing these commitments is allocated to ensure ongoing adherence, with mechanisms in place for individuals to seek advice and raise concerns about business conduct, reinforcing a culture of ethical business practices. The following policies represent the overarching controls of AUBE's business activities and operations. [...] Through the policy, AUBE aims to lead the directions in Sustainable Finance and Sustainability. Our vision is to create an environment where economic growth and business development harmonize with environmental stewardship and the responsible use of natural and human resources. By strategically financing diverse sectors, we aspire to catalyze sustainable development. The policy is implemented through two key pillars: Comprehensive Engagement and Collaboration and Streamlining. Comprehensive engagement encompasses addressing all matters related to Sustainable Finance and Sustainability within AUBE, including interactions with external regulators and entities, adhering rigorously to guidelines and requirements set forth by the CBE and cultivating deep understanding and commitment to the SDGs within our business and operations and among our staff. While the Collaboration and Streamlining includes collaborating closely with our business units and risk teams to streamline sustainable finance credit facilities, monitoring stakeholder activities to ensure alignment with the SDGs and providing regular reports to Senior Management and regulators.

https://www.eg.kfh.com/wp-content/uploads/2024/07/Ahli-United-Bank-Egypt-GRI-Sustainability-Report-2023.pdf?csrt=5846117191186272507

In recent years, KFH, through its BoD's Governance and Sustainability Committee, opted to accelerate the incorporation of green finance, digital products, and services in addition to environmental and community-conscious practices as modern tools in the banking industry and integrate them into KFH's operations. Overall, it can be said that the general direction of KFH focuses on enhancing the issuance of Green Sukuk and green finance products at the retail and corporate levels. [...] Thanks to its outstanding initiatives and effective internal management, KFH crowned its efforts by winning three prestigious awards in the sustainability spectrum in recent years. The Bank stands out as the only Bank in Kuwait to form a Board-level sustainability committee and the only Bank to establish a sustainability business unit equipped with a well-defined strategy and clear performance indicators to track the Bank's sustainability progress.

https://www.kfh.com/dam/jcr:7b97dc4b-f15d-49a5-a976-dc692effbf08/KFH%20Sustainability%20Report%202022..pdf