Wednesday 20 January 2021

Kuwait's Markaz launches second sustainability report

KUWAIT CITY, November 28, 2020

Kuwait-based Markaz, one of the leading asset management and investment banking institutions, has released its second sustainability report, in a testament to its steadfast commitment to doing business in a responsible and sustainable fashion.
The 2018-19 sustainability report, developed in full accordance with the Global Reporting Initiative (GRI) Standards, highlights the company’s contribution to the global goals. 
It expands the positive trends demonstrated in the first edition, and reinforces its commitment to clients, business, people and community at large. 
The report is strongly tied to the United Nations’ Sustainable Development Goals (SDGs), the Kuwait National Development Plan (KNDP) and Boursa Kuwait Sustainability Disclosure Guide.
It underlines Markaz’s continuous commitment to measuring and evaluating its sustainability performance, and to transparently report the results to all stakeholders. 
Deena Y. AlRefai, the Senior VP (Investor Relations) said: "We see growing social, economic and environmental challenges, but also, of course, many opportunities. Markaz works to provide innovative financial solutions in a time of change. Our holistic approach takes sustainability into account."
"We engage positively with stakeholders, to embed and optimize governance, economic, people, community and environmental factors. This approach further emphasizes Markaz’s sustainable success and its contribution to ESG," she stated. 
Markaz is a proactive steward of responsible business strategies and practice, and has always been a strong advocate for sustainability, noted AlRefai.
"We are known for our strong and effective governance, the source of Markaz ethical and transparent business practices. Our strategic approach, underpinned by adherence to sound policies and principles, strengthens stakeholder journeys into sustainable growth," she said.
Striving to deliver healthy returns and contribute to economic development, Markaz has focused on calculating its Sustainability Return on Investments (SROI). 
Active innovation ensures a wider and longer lasting economic impact, and so its products’ growth and performance highlight the wider positive impact of sustainability practices, for both financial and non-financial outcomes, she added.-TradeArabia News Service


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