Climate Change Data

Burgan Bank

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:11,726.49 MtCO2e/year (Scope 1, 2 & 3 combined)
Scope 1 Emissions:145.80 MtCO2e/year
Scope 2 Emissions:4,285.52 MtCO2e/year
Scope 3 Emissions:11,295.17 MtCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:23,684.46 GJ/year
Water Consumption:10,462 KL/year
Waste Generated:111.20 tons/year
Carbon Intensity:12.02 MTCO2e/Million USD (Scope 1 & 2), 30.65 MTCO2e/Million USD (Scope 3)

ESG Focus Areas

  • Endorsing Ethical Practices and Transparency
  • Responsible Banking and Financing
  • Positive Community Impact
  • Minimizing Environmental Impact

Environmental Achievements

  • Reduced single-use plastics
  • Launched an e-waste recycling drive for employees
  • Installed electric vehicle chargers at the head office
  • Reduced energy consumption by 10.12%
  • Installed high-efficiency solar panels at headquarters, producing 35 GJ of renewable energy

Social Achievements

  • Achieved “Great Place to Work” certification in Kuwait in 2023
  • Women compose 48% of staff
  • 83% Kuwaitization rate
  • Over 43,000 hours of training in 2023, including dedicated ESG awareness programs
  • Supported aspiring Olympians, youth women’s leagues, and athletes with disabilities
  • Launched the “Smiling Campaign”, resulting in a 13% increase in positive customer feedback

Governance Achievements

  • Established a Management ESG Committee
  • Formalized ESG Policy
  • Conducted an audit of Conduct, Culture, and Ethics
  • Initiated the ‘Climate Risk Project’ to integrate climate risk into the risk management process

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve carbon neutrality (aligned with Kuwait's 2060 Net Zero target)
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change impacts
  • Cyber threats
  • Supply chain disruptions (implied)
Mitigation Strategies
  • Comprehensive GHG inventory and carbon footprint mapping exercise
  • Climate Risk project to integrate ESG criteria into risk management
  • Strengthening cyber security capabilities
  • Responsible procurement practices and supplier code of conduct
  • Investing in local suppliers (99% of spending)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier code of conduct
  • 99% of spending on local suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Universal Standards (2021), UN Sustainable Development Goals (UNSDGs), Sustainability Accounting Standards Board (SASB), Kuwait Vision 2035 ‘New Kuwait’, Boursa Kuwait

Certifications: Great Place to Work®

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Aligned with UN Sustainable Development Goals (UNSDGs)

Sustainable Products & Innovation

  • Tijarati platform for SMEs
  • Digital banking services

Awards & Recognition

  • Great Place to Work® certification
  • Burgan Bank Turkey’s ‘ON’ platform received the “Best Digital Bank Award” in Turkey and Europe