Al Ahli Bank of Kuwait K.S.C.P.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:12,234.03 tCO2e/year
Scope 1 Emissions:1,203.30 tCO2e/year
Scope 2 Emissions:6,899.65 tCO2e/year
Scope 3 Emissions:4,131.09 tCO2e/year
Total Energy Consumption:11,436,058.46 kWh/year
Water Consumption:74,939,991.36 Liters/year
Waste Generated:34,250 kg paper/year, 3,228.48 kg plastic/year
ESG Focus Areas
- Climate Resilience
- Responsible Banking
- Community Investment
- Robust Governance
- Empowering Our People
- Financial Inclusion
Environmental Achievements
- Reduced electricity consumption across the Group
- Achieved a 54% paper recycling rate (ABK Kuwait and ABK Capital), 100% in ABK UAE
- Significant reduction in generator emissions (over 80%)
Social Achievements
- Customer Satisfaction Index (CSI) of 83.3% and Net Promoter Score (NPS) of 50.0%
- Opened additional branches with special needs support
- Provided 44,676.5 total training hours
- Hired 107 fresh graduates
- 44% female employees, women in managerial positions
Governance Achievements
- Developed an ESG Strategy, an ESG Policy Framework, and a Sustainable Finance Framework
- All procurement staff are certified from the Chartered Institute of Procurement & Supply (CIPS)
- Implemented ABK Egypt’s Environmental and Social Risk Management (ESRM) policy
Climate Goals & Targets
Environmental Challenges
- Increase in owned car emissions
- Decline in SME lending growth rate (5.77% YoY)
- Decrease in spending on local suppliers in comparison to 2022
Mitigation Strategies
- Implementing energy conservation initiatives
- Exploring ways to optimize consumption and reduce environmental impact
- Increased the number of local suppliers despite decrease in spending
Supply Chain Management
Responsible Procurement
- Prioritizing local suppliers
- CIPS certification for procurement staff
- Code of conduct for suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 27001 (ABK Egypt), ISO 22301 (ABK Egypt), CIPS (Procurement)
Sustainable Products & Innovation
- Eco-friendly debit card (planned for Q3 2024)
Awards & Recognition
- Best Retail Bank
- Best Corporate Bank
- Best Working Place in the Banking Sector
- Best Compliance Bank
- Best Banking Product
- Most Innovative Campaign
- Most Growing Bank in Egypt
- Most Asset Management Growing
- Fastest Growing Asset Manager in Kuwait 2023
- Fastest Growing Bank in Egypt for 2023
- J.P. Morgan STP Elite Award
- Elite Quality Recognition award from J.P. Morgan