MSCI raises Kuwait National Bank's ESG rating
The MSCI Global Foundation has announced the upgrade of the National Bank of Kuwait's rating from A to AA in the fields of Environment, Social Responsibility, and Governance (ESG), making it the first Kuwaiti bank to receive this rating and one of only six banks in the Gulf Cooperation Council (GCC) countries to attain it. This rating reflects the bank’s advanced position in managing sustainability issues by integrating sustainable and green financing practices, environmental and social risk management, and strengthening its resilience to achieve long-term sustainable value. The assessment is based on achievements such as a 37.3% reduction in operational emissions, exceeding $3 billion in sustainable loans, and over 83,000 hours of employee training, highlighting its ongoing commitment to sustainability and global best practices. The Head of Communications confirms that this rating places the bank among leading international institutions and encourages it to continue developing its initiatives in sustainable finance and risk management, further enhancing the bank’s economic, social, and environmental standing.
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