Kuwait City, June 30: Kuwait Finance House (KFH) announced it has been included in the FTSE4Good Index Series. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.

FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change.  Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.

Commenting on this achievement, Acting KFH Group Chief Executive Officer, Abdulwahab Iesa Al Rushood said: "Our inclusion in the FTSE4Good Index Series signifies KFH's dedication to ethical business conduct, transparency, and its proactive approach to addressing global sustainability challenges. It is a testament to KFH’s strategic vision and commitment to integrating ESG principles into our core operations. Moreover, this inclusion underscores our efforts in fostering a sustainable future and enhancing value for our stakeholders.”

He pointed out that KFH's sustainability initiatives include significant investments in green finance products, impactful environmental initiatives such as the “Keep It Green” campaign, robust corporate governance frameworks and reporting such as the first-of-its-kind carbon footprint report and the sustainability reports, in addition to the comprehensive community development program and applying responsible banking practices in all operations and activities.

AlRushood went on to say that in a testament to its successful environmentally friendly initiatives, the green building KFH Auto showroom won the GSAS Gold Level Sustainability Assessment System Certificate, the first-of-its-kind in Kuwait. KFH has implemented a range of innovative initiatives to enhance energy efficiency, reduce waste, and lower greenhouse gas (GHG) emissions. KFH and the United Nations Development Programme (UNDP) joined forces to boost investment in achieving the Sustainable Development Goals (SDGs). This technical partnership with UNDP supports KFH to further ramp up its efforts to embed sustainability and the SDGs across its investment portfolio.

“We remain dedicated to advancing our sustainability agenda and setting higher standards in the financial sector, while strengthening KFH’s position as a benchmark for other companies. Being a constituent of the FTSE4Good Index Series positions KFH as the bank of choice for investors seeking responsible investment opportunities while helping KFH to move forward in its sustainability strategy and ESG initiatives”, AlRushood concluded.