Kuwait Petroleum Corporation launches 2023-2025 Sustainability Report
Kuwait Petroleum Corporation launched its 2023-2025 Sustainability Report during an event sponsored by CEO Sheikh Nawaf Al-Saud Al-Sabah.
Translated by Qiyas from الجريدة — Original source
Kuwait Oil Company (KOC) and its subsidiaries launched their 2023-2025 Sustainability Report today, Thursday, during a special event hosted under the patronage of the Company’s CEO, Sheikh Nawaf Al-Saud Al-Sabah, and attended by senior figures from the oil and banking sectors, representatives of financial and investment institutions, and various stakeholders.
In a statement, the Company said the event aimed to highlight the key results and achievements of KOC and its subsidiaries in the field of sustainability, and to enhance dialogue and communication with financial and investment institutions regarding their strategic direction and performance in this area, reflecting the Company’s commitment to reinforcing transparency and effective engagement with stakeholders.
The report outlines the performance of KOC and its subsidiaries, as well as their efforts in environmental, social, and governance (ESG) areas, along with several related topics, in accordance with the report’s preparation methodology and relevant standards.
The event shed light on the role of Kuwait’s oil sector in balancing economic growth requirements with environmental and social responsibilities, and on the Company’s future vision to embed sustainability principles across its operational activities and strategic decisions. These efforts contribute to enhancing the resilience and competitiveness of its operations and creating long-term sustainable value for Kuwait.
On this occasion, Badr Al-Attar, Managing Director of Planning and Finance at Kuwait Oil Company, stated that the 2023-2025 Sustainability Report marks an important milestone in the Company’s journey toward establishing sustainability as a core element of its operations and long-term strategy.
Al-Attar added that the report reflects the Company’s commitment to transparency and strengthening communication with financial and investment institutions and stakeholders by disclosing its performance and achievements in environmental, social, and governance aspects. He emphasized that sustainability serves as a key pillar for supporting growth and creating sustainable value for Kuwait and future generations.
The event also featured an exhibition in which Kuwait Oil Company and its subsidiaries showcased their key initiatives, projects, and success stories in sustainability, demonstrating the contributions of Kuwait’s oil sector to supporting sustainable development and its readiness to keep pace with future changes and challenges.
