The Banking Executive Magazine - January 2023 Issue

NBK NBK EMBRACES ENVIRONMENTAL TRANSPARENCY BY DISCLOSING THROUGH CDP National Bank of Kuwait (NBK) an- nounced that it has received a score of ‘C’ from CDP, a global non-profit that runs the world’s leading environ- mental disclosure platform, for its Climate Change and Forests 2022 Categories. This score is consistent with our roadmap to build environ- mental and socio-economic re- silience. NBK furthered its commitment to environmental trans- parency by disclosing its environ- mental impact through CDP. NBK initially disclosed through CDP since 2021, and in June 2022 completed its first CDP’s Climate Change and Forests questionnaires. Disclosing data around environmen- tal impact is now a business norm. More than 680 financial institutions with US$130 trillion in assets and 280 purchasing organizations repre- senting US$6.4 trillion in procure- ment spend requested environmental data from companies through CDP. A record 18,700+ companies re- sponded in 2022. NBK has one of the highest score of CDP disclosures among all financial institutions in the GCC and is the only financial institution who sub- mitted this disclosure in Kuwait. By disclosing through CDP, National the BANKING EXECUTIVE 52 ISSUE 169 JANUARY 2023