Gulf Bank K.S.C.P.

Climate Impact & Sustainability Data (2021)

Gulf Bank spearheaded a new initiative to consolidate printers to enhance customer service and reduce wasteful printing.
Distributed high-quality reusable water bottles to all employees to reduce single-use plastic.
Participated in beach clean-up and Earth Hour.
Sponsored and spoke at The Scientific Center’s Virtual Eco-Summit.

Held the seventh edition of ‘Gulf Bank 642 Marathon’ with over 7000 participants.
Supported the United Nations’ “Orange the World” initiative to end violence against women.
Organized a wellness day with health-focused activities for employees and the public.
Launched the new AJYAL Tech program for Kuwaiti youth.
Hosted a training session for employees led by Dr. Thomas Redman on data quality and analytics.
Supported the Diraya campaign on banking rights and cybersecurity.
Launched a podcast, “Let’s Talk Business,” highlighting local startup successes.
Achieved 84% staff vaccination rate against coronavirus.
Partnered with MGRP for a virtual career day webinar.
Sponsored the Lei Wa Lakom podcast highlighting women’s voices.
Sponsored the National Union of Kuwaiti Students’ new student orientation.

Issued its first official sustainability report.
Disclosed details on governance practices in the sustainability report, including information on the Board of Directors, compliance with regulations, risk management, and adopted policies.
Implemented a comprehensive framework of Corporate Governance aimed at balancing ambitious objectives with adherence to local and international governance and compliance systems.
Underwent a comprehensive annual performance evaluation.

Turbulent pandemic year with challenges in serving customers, employees, and communities.
Supply chain disruptions due to COVID-19 related closures and other factors.
Global inflation reaching multi-year highs.
Kuwait's budget deficit reaching the highest in its fiscal history.
Delay in projects due to COVID-19's impact.

Effectively adapted to a rapidly changing environment while maintaining a strong balance sheet and managing key risks.
Developed digital banking platforms to provide a competitive edge.
Enhanced product offerings and services with a primary focus on SMEs.
Embedded digital elements into the onboarding process for SMEs.
Successfully completed the redemption of existing bonds and issued new bonds.
Implemented measures to contain expenditure, such as directing ministries to cut spending.

Frameworks Used: Global Reporting Initiative (GRI), UN Sustainable Development Goals (SDGs), Kuwait Boursa sustainability disclosures

Best Innovation in Customer Experience (Future Enterprise Awards 2021)
Four awards in the 9th edition of the Kuwait Innovation Award (Best Marketing Manager, Best Sustainability Initiative, Best National Work, Best Direction)